Some investors prefer monthly dividends over quarterly dividends because they can reinvest more frequently and generate more cash flow, which is more convenient for them. Retail and institutional investors alike are drawn to monthly dividend stocks, especially those retirees who rely on dividends to supplement their income. Main Street Asset Management’s Erin Gibbs tells CNN that the VIX index has crossed 30 on four separate occasions since February 14, indicating “extreme fear” among investors. Profit growth in the economy appears to be strong, despite rising oil prices and inflationary pressure. After Russia’s invasion of Ukraine, the stock market became even more volatile, resulting in a lower dividend growth forecast for 2022. How quickly the economy recovers in 2022 will be determined by the impact of war in Ukraine in that year. In the wake of the pandemic-stricken year of 2020, many companies reduced or eliminated their dividend payments. This was reversed in the following year, 2021.
Insider Monkey selected monthly dividend stocks to buy in March. Fortitude Gold Corporation’s GAAP EPS came in at $0.74 and revenue of $82.1 million, up 52.1% year-over-year for the company. As of March 7, the stock had a dividend yield of 6.63 percent. Located in Greenwich, Connecticut, Eagle Point Credit Company Inc. Collateralized loan obligations and senior secured loans are the main specialties of the business. On March 7, the company’s dividend yield was 10.27 percent, and the stock gained 19 percent over the past year. Small and medium-sized businesses in the United States are Gladstone Capital Corporation’s focus. Investors who held their shares as of March 23 will receive the dividend on March 31. The dividend was paid out on January 31 and February 28. As of March 7, it had a dividend yield of 1.69 percent. Haendel St. Juste, an analyst at Mizuho Securities, raised the price target on Phillips Edison & Company, Inc. to $35 from $34. The analyst’s outlook for shopping center REITs has not changed. Currently, Prospect Capital Corporation has an 8.88 percent dividend yield, which makes it one of the best dividend stocks to buy in March. For middle-market companies, the company is a leading American provider of private equity and private debt. For more details, click 10 Monthly Dividend Stocks To Buy In March.