If you're a full-time employee it's nice knowing that you will be paid every month. However for an investor, most businesses on the ASX only pay quarterly or half-yearly dividends.
Owning shares in the following three businesses would see you receive a dividend payment every month:
G8 Education Ltd (ASX: GEM)
G8 is one of Australia's largest childcare providers. It operates hundreds of centres across Australia and can keep growing with its acquisition strategy.
It pays a dividend in January, April, July and October. It's currently trading at 12.7x FY17's estimated earnings with a grossed-up dividend yield of 9.37%.
Arena REIT No 1 (ASX: ARF)
Arena is a real estate investment trust (REIT) that focuses mainly on owning childcare centres and leasing them to operators such as G8.
Childcare is a growing industry and Arena is benefiting from this quite substantially. Its operating earnings are growing quickly for a REIT, which allowed management to increase its latest distribution by 10.8% compared to last year.
Arena pays a distribution in February, May, August and November. It's trading with a trailing distribution yield of 5.47%.
ResMed Inc. (CHESS) (ASX: RMD)
ResMed is listed on the ASX and in the US. It is a healthcare company that is trying to help people with sleep apnea. It is doing this both through raising awareness of the issue and with treatment using its devices.
The business is doing well, in its latest results to 31 December 2016 it revealed that sales had grown by 16.7%.
ResMed pays a quarterly dividend in March, June, September and December. It's currently trading at 23.4x FY17's estimated earnings with a trailing unfranked dividend yield of 1.33%.
Foolish takeaway
A portfolio of just three companies wouldn't be a good idea, but it does show how you can create a portfolio to pay a dividend every month if you want to make it happen.
However, I don't think any of the above three companies are great picks at today's prices. Plus, you shouldn't buy a company just because of when it pays a dividend.
