Kiplinger\'s Personal Finance 02.2020

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