Get Paid Every Month of The Year With These 3 Stocks

How To Generate A Monthly Dividend With 3 Stocks

Author

Dividend Dominator
July 15, 2024

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Happy Monday!

Let’s start the week off strong.

The agenda for today:

👉 Costco is hiking its annual membership fees for the first time since 2017

👉 Get paid every month with this 3 stock portfolio

👉 How much you can expect to earn

“The big money is not in the buying and selling, but in the waiting"

- Charlie Munger

Headlines Making Noise: Keeping You Informed and Empowered 📝💡

Costco hikes its annual membership fees for the first time since 2017

The Bank of America reiterated its BUY rating for Costco noting that the first membership hike in 7 years will give investors greater earnings visibility into 2026.

Its annual membership fee will jump by $5 to $65 for its Gold Star and Business Memberships, while Executive membership fees will increase by $10 to $130. This goes into effect on September 1, 2024.

Goldman Sachs notes that they expect the fee increase to add about $400 million to membership fee income over the next 2 years.

On top of that, Costco also announced June sales data, which was positive. Store sales jumped 6.9% year over year to $24.48 billion.

The Bank increased its price target to $962 per share from $874 per share, representing a potential upside of 12% from its current price.

The stock is up 29.55% YTD, outpacing the S&P 500.

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Get Paid Every Month of The Year With These 3 Stocks

Monthly dividend-paying stocks exist and are great to own for the regular cash flow every 30 days.

But did you know that you can create your own monthly dividend with just a 3-stock portfolio?

Because the majority of companies pay out dividends every 3 months, or quarterly, you can set your portfolio up in a way where you get paid every month.

Pretty cool right?

Here’s an example of a 3 stock portfolio that will pay you monthly.

1) FedEx $FDX

2) Lowe’s $LOW

3) Eli Lilly and Co. $LLY

Here’s what your annual dividend calendar would look like:

Let’s dive into some of the key ratios for this portfolio:

The average dividend yield of this 3-stock portfolio would be 1.47% and the average payout ratio would be 45.29%, right in the sweet spot.

If you invested $30,000 in these 3 stocks split evenly, this is how much you would earn over the course of a year.

$440.17 every year for doing absolutely nothing.

Also, these 3 stocks have been increasing their dividends as well:

  • Fedex - 3 years of consecutive increases (75/100 dividend safety score)

  • Lowe’s - 24 years of consecutive increases (54/100 dividend safety score)

  • Eli Lilly - 9 years of consecutive increases (54/100 dividend safety score)

See you in the next one!

Alex (The Dividend Dominator)
Founder and CEO of Dividend Domination Inc.
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