Create Reliable Monthly Passive Income with Just 4 Stocks

Who Doesn't Want Reliable Monthly Passive Income? Just Buy These 4 Stocks

If you’re looking for reliable monthly passive income, dividend-paying stocks are a great way to go. These are stocks that pay you a portion of the company’s earnings regularly, usually every three months (called “quarterly dividends”). Some companies have been paying and increasing their dividends for many years, making them dependable sources of income. Here are four great companies with a long history of paying and raising their dividends, so you can get income every month of the year.

1. Johnson & Johnson (JNJ)

Johnson & Johnson is a healthcare company that makes everything from baby shampoo to medical devices and vaccines. It’s a company you can count on because people always need healthcare products, no matter how the economy is doing. Johnson & Johnson has been paying dividends for over 50 years and raises its dividend almost every year, making it one of the safest bets for long-term investors.

- Dividend Payment: Right now, Johnson & Johnson pays a dividend of $1.24 per share, every three months.

- Dividend Yield: The current yield is around 3.07%, which means for every $100 you invest, you can expect about $3.07  in dividends per year.

You can expect a dividend payment to be credited to your brokerage account every September, December, March and June.

Because Johnson & Johnson’s products are always in demand, their dividend payments are sustainable, and they keep growing to beat inflation.



2. Coca-Cola (KO)

Coca-Cola is a popular beverage company that has been around for over 100 years. The company is famous for its drinks like Coca-Cola, Sprite, and Powerade, and it’s a global leader in the beverage industry. Coca-Cola has been paying dividends for decades and raises its payout each year, making it a great stock for steady income.

- Dividend Payment: Coca-Cola currently pays a dividend of $0.485 per share, every three months.

- Dividend Yield:  The current dividend yield is around 2.79%, so for every $100 you invest, you’ll receive about $2.79 per year in dividends.


You can expect a dividend payment to be credited to your brokerage account every October, January, April and July.

With people all over the world buying Coca-Cola products every day, their dividend is safe and continues to grow.

3. Procter & Gamble (PG)

Procter & Gamble is another company that makes everyday products people need, like Tide laundry detergent, Crest toothpaste, and Pampers diapers. This company has been around for over 180 years and is known for its strong, consistent financial performance. Like Johnson & Johnson, Procter & Gamble has been raising its dividend for more than 50 years.

- Dividend Payment: Right now, Procter & Gamble pays $1.01 per share in dividends every three months.

- Dividend Yield: The current yield is about 2.35%, so for every $100 invested, you’ll get around $2.35 annually in dividends.

You can expect a dividend payment to be credited to your brokerage account every November, February, May and August.

Because Procter & Gamble sells essential items, people will keep buying their products, ensuring the company can keep paying and increasing its dividend.



4. ExxonMobil (XOM)

ExxonMobil is one of the biggest oil and gas companies in the world. It plays a huge role in supplying the energy that powers our daily lives. While the oil business can be a little unpredictable, ExxonMobil has been paying dividends consistently for decades and increases its payout often.

- Dividend Payment: ExxonMobil currently pays a dividend of $0.95 per share every three months.

- Dividend Yield: The current dividend yield is around 3.07%, meaning you’ll earn about $3.07 per year for every $100 you invest.


You can expect a dividend payment to be credited to your brokerage account every  December, March and June and September.

The demand for energy is always present, and ExxonMobil has shown it can keep paying dividends even in tough times.

Why Shoot For Regular Monthly Income?

Getting monthly income from dividends can be really helpful for many reasons:

1. Paying Bills: Many people have bills to pay every month, like rent or utilities. If you have dividends coming in regularly, it can help you cover these costs without needing to sell any of your stocks.

2. Financial Security: Having a steady stream of income can give you peace of mind, knowing that you have money coming in no matter what happens in the stock market.

3. Reinvesting for Growth: If you don’t need to spend the dividend money right away, you can reinvest it by buying more shares of the stock. Over time, this can help your investment grow even more, giving you larger dividends in the future.

4. Beating Inflation: The price of things usually goes up over time (this is called inflation), so it’s important that your income keeps growing too. These companies have a history of raising their dividends each year, helping you keep up with rising costs.

Your Takeaway

In conclusion, owning stocks like Johnson & Johnson, Coca-Cola, Procter & Gamble, and ExxonMobil can provide you with reliable, growing income. With their strong history of increasing dividends, they’re great choices if you’re looking for passive income to come in regularly, like clock-work, throughout the year.

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To date, subscribers to my investment newsletter, “Retirement: One Dividend at a Time” who faithfully mirrored our portfolio have attained annual dividend income over $132,000.00.

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Other articles readers have found valuable and actionable reading:

Investing in Realty Income: A Smart Choice for Monthly Dividends

This Perpetual Money Well Never Runs Dry

Five Ways to Identify the Most Reliable Dividend Stocks

Potential Recession? Load Up on This Defensive Stock for an 11.5% Yield

Best,

George Schneider

Founder and publisher

Retirement: One Dividend At A Time

Disclaimer: This article is intended to provide information to interested parties. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to complete their own due diligence before purchasing any stocks mentioned or recommended.

Disclosure: I am long all RODAT Portfolio names. The Portfolio continues to build dividend income with reliable, dependable equities which have long histories of increasing the dividend.

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