2 dividend stocks that pay you real money every 30 days

While it may not seem like a big deal, and it certainly isn’t a reason in itself to buy or pass on a stock, earning monthly dividends can still make a real difference, especially for long-term investors who focus on building income over time.

Monthly dividends help your money build faster, help smooth out cash flow, and make it easier to reinvest consistently no matter what the market is doing.

They are also ideal for investors who want income they can rely on in different market conditions. When markets are volatile or moving sideways, that steady flow of money can help smooth returns and reduce the temptation to make emotional decisions.

Of course, the frequency of dividends is only one factor, and a relatively small one at that. Therefore, the goal is not just to find stocks that pay out monthly, but to find high-quality dividend stocks that can actually support those payments and grow them over the long term.

So with that in mind, if you have the money you want to invest and want to increase your passive income, here are two of the best monthly dividend stocks to buy right now.

A reliable monthly dividend stock that offers exposure to residential real estate

There are a handful of high-quality monthly dividend stocks to consider TSXespecially in the real estate sector. However, there is no doubt that this is one of the very best Morguard North American Residential REIT (TSX: Mrg.un).

Morguard owns a diversified portfolio of apartments in Canada and the United States, giving it exposure to one of the most defensive asset classes you can own.

People always need a place to live, no matter where the economy is in the cycle, and that makes residential rentals one of the most reliable sources of cash flow around.

What makes Morguard particularly attractive at the moment is that it is focusing on needs-based housing, rather than luxury apartments or speculative development. This leads to stable occupancy, predictable rental income and a reliable monthly income.

Furthermore, the diversification in the portfolio helps reduce risk and ensures Morguard has more growth opportunities as different regions experience different environments.

Thanks to its diversification and ultra-defensive operations that generate consistent cash flow from long-term tenants, the company is able to pay a stable monthly distribution while maintaining a reasonable payout ratio.

And right now, after Morguard just raised its dividend for the second time in less than six months and the third time in just over a year, the REIT is now offering a yield of approximately 4.5%.

So if you’re looking for a monthly dividend stock that offers exposure to residential real estate and its predictable demand, Morguard North American Residential REIT is a stock worth owning for the long term.

One of the safest stocks passive income seekers can buy

Besides Morguard, there’s another top monthly dividend stock for investors to consider today CT REIT (TSX: CRT.UN).

CT REIT is a retail REIT, but it is one of the most reliable dividend stocks you can own because almost its entire portfolio of retail properties is leased to Canadian band and the associated banners.

Furthermore, Canadian Tire is not only the largest tenant; it also owns the majority of CT REIT’s units, making this relationship one of the key reasons why CT REIT is such a reliable investment.

Because of that structure, CT REIT generates extremely predictable cash flow. The occupancy rate is consistently high and rental escalators are built into many of the contracts.

So if you’re looking for a reliable monthly dividend stock that can pay an attractive yield and continue to grow the dividend every year, CT REIT is one of the best and currently offers a yield of around 5.7%.