In week four of this 10k Saving Challenge, I am saving $150. 

This week I’m back up to $150 giving me a good amount of money to invest with. Upon inventory of my portfolio, I noticed I didn’t have many stocks that paid me monthly. At current, I only have Main Street Capital Corp (NYSE: MAIN). It’s a small cap value stock in the capital market, yet pays a high dividend yield and the best part is that it pays out every month.  

After some time researching around, I was able to come across other monthly stocks that I will be able to add to my portfolio to not only boost my overall yield on my account, but as well as the frequency of my payments. 

Agnc Investment Corp (NASDAQ: AGNC) is a mid-cap value stock that is a REIT (Mortgage Real Estate Investment Trusts) with a high dividend yield of 9.12% that is paid monthly. I felt that it was something worth trying in my portfolio, making this the first REIT I have in my portfolio, as well. (By the way, there will be a blog coming out talking about REIT soon) 

Gladstone Investment Corp (NASDAQ: GAIN) is a small cap value stock in the capital markets. Similar to my Main Street Capital Corp stock, the dividend yield is a 7.83% this stock. It has investments in sectors, such as chemicals, plastics, rubber, home and office furnishings, house wares, and durable consumer products, among others. Giving their holdings a stable outlook.  

Gladstone Commerical Corp (NASDAQ: GOOD) is a small cap value stock that is a REIT (Mortgage Real Estate Investment Trusts) with a dividend yield of 8.08%. Its real estate portfolio consists of approximately 122 properties located in 28 states, totaling approximately 14.9 million square feet. They have tenants from various industries, such as telecommunications, healthcare, automobile, diversified/conglomerate services, diversified/conglomerate manufacturing, plastics and rubber, containers, and personal and non-durable consumer products. This portfolio is diversified across so many industries giving them a better chance hold out if things were to go south. 

Pembina Pipeline Corp (NYSE: PBA) is a large cap value stock based in Canada that falls into the energy sector of oil, gas, and consumable fuels. However, this stock has a lower dividend yield of 6.98% but is structured into three divisions: pipelines division, facilities division, and marketing and new ventures division. The diversification allows it a better chance to weather hard times which it has been doing during this Covid-19 pandemic.  

Altria Group Inc (NYSE: MO) is a large cap value stock in the consumer staples of tobacco; the dividend yield is 8.34%. This stock isn’t one that pays monthly, on the other hand it is a strong buy stock that I have a long-term price target on. Tobacco sales have been going down over the years but Altria Group also has investments in vaping and a 47% holding in cannabis with Cronos Group Inc (NASDAQ: CRON) along with a 10% holding of Anheuser Busch Inbev NV (NYSE: BUD), giving this company different outlets to make revenue ensuring that the company keeps growing year after year. 

I also added a share of AT&T (NYSE: T) just to increase my position in the holdings. My Goal for AT&T is that it will be my greatest contributor to my annual income. From the income estimator that I have been working with, this stock will be paying a high dollar amount from a relatively low investment. 

Final Thought:  

This week I bought a good number of stocks because most of them were fairly low in price giving me a chance to increase my overall average dividend yield. Now, I will be receiving payments every month granted the art of compounding will be able to take effect faster compared to my other holdings. 

As always, have a great day and keep learning and moving towards your goals, never stop pushing!