The Smartest Dividend Stock to Buy With $100 Right Now

If you're an income investor, it can be a little overwhelming to choose the best dividend stocks to fill your portfolio. There are so many to choose from -- thousands of stocks and funds from which you can get a quarterly dividend payment. In fact, there are even exchange-traded funds that qualify as dividend ETFs, with dividend reinvestment plans that automatically reinvest the dividend into your account.Then there are monthly dividend stocks, which pay out more often. I actually prefer these types of dividend stocks because investors get their money quicker than waiting until the end of the quarter, which means that you have more control to reinvest those funds and get the money working for you. And if you are relying on the monthly dividend stock for income, there's nothing more reliable than a monthly payout to help you manage your finances.There are several dozen monthly dividend stocks, but my favorite is the one that's most reliable and provides a great payout -- Realty Income (NYSE: O). And you can take a position in this real estate dividend stock for just $100.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool