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Want quarterly dividends? Buy these 4 stocks

There is no rule on when, or how often, shares pay dividends. It’s common for overseas businesses to pay quarterly, but in Australia it’s quite rare.

There is one less Aussie business paying quarterly now that Class Ltd (ASX: CL1) is changing to half-yearly payments.

Here are four businesses that pay quarterly dividends that could be good options for regular cashflow:

Rural Funds Group (ASX: RFF)

Rural Funds Group pays its distributions in July, October, January and April. It is the owner of various types of farmland and leases it out to tenants.

It has been one of the best real estate investment trusts (REITs) over the last few years and I think it could be the best one over the next decade. It’s currently trading with an annual trailing distribution yield of 5.33%.

Clime Capital Ltd (ASX: CAM)

Clime is one of the smaller listed investment companies on the ASX but it’s also one of the few to pay quarterly. Its dividend payment dates are in July, October, January and April.

It’s also quite rare in that it is one of the few LICs to invest in large caps, medium caps and small caps on the ASX whilst also putting some of the portfolio towards overseas-listed stocks.

Clime is currently trading with an annual trailing dividend yield of 8.01%.

Arena REIT No 1 (ASX: ARF)

This REIT mainly focuses on owning and leasing out childcare properties but it also owns a few healthcare properties too. Its payment cycle is February, May, August and November.

Property should continue to grow in value over the long-term, even if the next five years are a bit slow. I think Arena is one of the best REITs with which to have commercial property exposure. A continued increase of medical buildings would be a good strategy too.

Arena is currently trading with an annual trailing distribution yield of 5.5%.

ResMed Inc. (CHESS) (ASX: RMD)

ResMed is a healthcare business that is trying to increase awareness, diagnosis and treatment of sleep apnea with its devices. The business has a dividend payment cycle of March, June, September and December.

It currently has an annual trailing dividend yield of 1.21%.

Foolish takeaway

You should never buy a business just for the dividend. It’s important to buy businesses that are growing, even if they pay out most of that growth as a dividend.

Of the above four options, I think Rural Funds Group and Clime are the best two options for investors at the current prices.

If you're looking for shares with more growth opportunities and bigger dividends then you should check out these stocks.

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Motley Fool contributor Tristan Harrison owns shares of Class Limited and RURALFUNDS STAPLED. The Motley Fool Australia owns shares of Class Limited and RURALFUNDS STAPLED. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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