TA K E AWAY
Get a Dividend Every Month
Most U.S. companies that pay dividends do it quarterly, or once every 90 days or so. But if you want a regular stream
of income throughout the year, consider our Dividend-a-Month portfolio, a group of excellent dividend-paying stocks
with staggered pay dates. You’ll receive a monthly check, which comes in handy when you need to pay your bills.
ILLUSTRATION BY HUAN TRAN
JANUARY Illinois Tool Works (s y mbol
ITW), $174, yield 2.5%, 5-year dividend
growth rate of 17.2%.
FEBRUARY Valero Energy (VLO), $95,
yield 3.8%, 5-year dividend growth rate
of 26.8%
MARCH Intel (INTC), $58, yield 2.2%,
5-year dividend growth rate of 7.0%
APRIL McCormick (MKC), $169, yield
1.5%, 5-year dividend growth rate of
10.9%
MAY CVS Health (CVS), $75, yield 2.7%,
5-year dividend growth rate of 12.7%
JUNE WisdomTree MidCap (DON), $38,
yield 2.6%, 5-year dividend growth rate
not available
JULY JPMorgan Chase (JPM), $132, yield
2.7%, 5-year dividend growth rate of
17.6%
AUGUST Realty Income (O), $77, yield
3.5%, 5-year dividend growth rate of
4.4%
SEPTEMBER Johnson & Johnson (JNJ),
$137, yield 2.8%, 5-year dividend growth
rate of 6.3%
72 KIPLINGER’S PERSONAL FINANCE^ 02/2020
OCTOBER Automatic Data Processing
(ADP) $171, yield 2.1%, 5-year dividend
growth rate of 13.2%
NOVEMBER General Dynamics (G D),
$182, yield 2.2%, 5-year dividend
growth rate of 10.5%
DECEMBER American Electric Power
(AEP), $91, yield 3.1%, 5-year dividend
growth rate of 5.8%
DATA AS OF NOVEMBER 30, 2019.
SOURCE: KIPLINGER’S INVESTING FOR INCOME