Investors love ultra-high-yield dividend stocks because they provide dependable income and give investors a great opportunity for solid total return.
Most stocks pay quarterly dividends, which is fine for many shareholders who reinvest dividends. However, many investors rely on dividends as part of a passive income stream, and getting a monthly dividend payout is more beneficial.
We screened our 24/7 Wall St. research database, looking for companies rated Buy at major Wall Street firms that paid monthly dividends and traded at less than $10 per share. We found five that look like great ideas for passive income-oriented investors looking for upside appreciation.
This post originally appeared at 24/7 Wall St.