7 Monthly Dividend Stocks that Will Pay Your Rent

The dream is to live off dividends, right? Well you need to start with how much you need to invest in dividend stocks and which are the ones that will give you the monthly cash flow to pay the bills. That’s going to depend on where you live and how much rent you need to pay with dividends.

It’s a lot of questions so I decided to update one of my most popular videos to show you exactly which dividend stocks to buy and how to pay the rent. I’ll reveal the average monthly rent by state and then the best dividend stock to help you pay it.

Research and data used in this video:

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0:00 Monthly Dividend Stocks that Will Pay Your Rent
0:16 What is the Average Monthly Rent in Each State?
1:17 Dividend Stocks to Pay the Rent in Kansas, Kentucky, Missouri and Alabama
3:09 Monthly Dividend Stocks for Nebraska, Tennessee, Illinois, Ohio and Louisiana
5:33 Monthly Dividend Payers for Michigan, Wisconsin, Indiana and New Mexico
7:10 Dividend Stocks to Pay the Rent in North Carolina, Texas, Pennsylvania, Georgia and Main
8:15 Dividend Payers to Pay the Rent in New York, Florida, Arizona, Virginia and Utah
10:09 How Much to Invest in Dividend Stocks to Pay the Rent?
11:01 How to Live Off Dividends
13:45 Monthly Dividend Stocks for Colorado, Washington, Oregon and Nevada
15:51 How to Make Stocks Pay the Rent in Massachussets, California, New Jersey and Maryland

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

[SofiaDiego-]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.

[tuxkwbd]

Love the video. Can you kindly talk more in detail about options like you did in this video. Iron condor, iron butterfly, credit spread, etc

[Bluewh]

One other Great video👍, thoughts on NNDM and IDEX, do they have future or should we get out now??

[lior]

Hi thanks for the info, I just want to understand the profit percentages shown are annual returns? For example a MAIN share with a return of 7 percent every month? Or at the end of the year they get an annual return of 7 percent and they just pay it every month

[rickwalker]

HRZN is my favorite. PSEC was loosing NAV too quickly.

[josemedina]

PUERTO RICO FIRST place deam. I now live here now is really expensive. 🇵🇷✌🏻

[amyc]

I'm sold, I want a chalk outline!

[jloqmkk]

What do you think about O with its new partnership with DLR?

[kinglexi]

Holy shit. Without saying too much, my son lives on Geiger Boulevard. I about fell over.

[adriana-jnru]

Could you do another penny stock video?

[basamnath]

GOOD companies 5 Year returns is negative 30%. How can I buy a stock if the returns are negative. So the NAV of this has gone down right? Are You suggesting to buy that stock only for dividends?

[HonestOne]

Ticker BOAT you might like that one. I've been loving it. It's not very old but pays well.

[Pter]

WOW, THAT'S USEFUL INFORMATION 😮😮😮😮😮

[Austin]

I began my investment journey at the age of 38, primary through hard work and dedication. now at the age of 42, I'm thrilled to share that my passive income exceeded $100k in a single month for the first time.this success reinforces the important of the advices mentioned earlier. It is not about achieving quick wealth but rather ensuring long term financial prosperity.

[spalover]

Why do you like JEPI more than JEPQ? Thanks, and you do GREAT VIDEOS always!

[da_hobbie]

Can you please cover charge point please.

[sburbank]

please explain how AGNC is not a dividend trap? down %50 in 4 years?

[jazminepacheco]

I have been watching for a few months now, but I am curious how dividends and taxes work. Can you make a video to explain how the dividends affect taxes?

[mbugard]

The Detroit 3-bedroom price isn't far off from reality.

[LuisPerez-husn]

I recently read in the motley fool about this stock Ares Capital corporation (ARCC) with a 9% yield, when i look at the history I see that it has been paying quarterly at 0.48!! can you explain this please? what do you think about ARCC?