People who plan their retirement around dividends will find monthly dividend stocks to be a reliable source of passive income. In this choppy market, it’s wise to keep an eye out for stocks that have a track record of paying dividends – and that are listed on the FTSE 100 index. On March 10, Tom Lee, managing partner of Fundstrat Global Advisors, appeared on CNBC’s ‘TechCheck.’ According to Lee, market values are historically low, and stock purchases will not harm investors. He expects the S&P 500 to close the year on a positive note. Dividends are an effective inflation hedge, which is why institutional and retail investors alike seek them out. Microsoft Corporation, PepsiCo, Inc., and Apple Inc. are among the market’s most well-known dividend payers.
Insider Monkey picked companies that yield over 6%. The real estate investment trust Generation Income Facilities, Inc. rents out upscale office, industrial, and retail properties. As of March 9, the stock has risen about 22% year to date and pays an 8.88 percent yield. Stellus Capital Investment Corporation is a business development firm based in Houston that focuses on private middle-market enterprises. Revenue increased by about 30% year over year to $17.56 million, exceeding expectations by $1.15 million. BlackRock Income Trust, Inc. is a BlackRock Advisors, LLC-managed closed-end fixed-income mutual fund. It invests in the United States’ fixed income markets. The dividend will be paid on March 31 to stockholders who were on the books on March 15. PennantPark Floating Rate Capital Ltd. invests in privately held, thinly traded, and small-cap public middle market companies. The company will pay its dividend on April 1 to shareholders of record on March 17, with an 8.76 percent dividend yield as of March 9. Gladstone Commercial Corporation is a real estate investment trust established in Virginia. Since its founding in 2003, the company has paid out monthly dividends. Gladstone just paid $7.4 million for an 80,000 square foot industrial site in North Carolina. For more details, click 10 Monthly Dividend Stocks With Over 6% Yield.