Yesterday, we discussed the Blueprint for Monthly Income about some rules to use for selecting monthly payers. Today, we will look at 5 ETFs that pay monthly dividends. These ETFs include various sectors and potential tax advantages. You should review the ETFs before you commit to investing to make sure they are suitable to your income goal. For example, there is little advantage to add a muni bond ETF to an IRA account. The best posibility with these ETFs is to compound all or part of the income to create a growing income stream. The five to watch include:
AGIC Convertible & Income: (NCV) – The Fund seeks total return with capital appreciation and high current income through investment in convertible and non convertible income producing securities.
Price: $10.72
NAV: $9.50
Yield: 10.07%
Wells Fargo Adv Inc Opp: (EAD) – The Fund seeks current income and capital appreciation through investment in below investment grade debt securities, loans and preferred stocks.
Price: $10.55
NAV: $10.06
Yield: 9.67%
Helios Advantage Income: (HAV) – The Fund seeks high current income with capital appreciation through investment in non investment grade debt securities.
Price: $7.90
NAV: $8.50
Yield: 9.01%
Invesco Insured Muni Income: (IIM) – The Fund seeks current income exempt from Federal income tax through investment in insured investment grade municipal bonds.
Price: $14.29
NAV: $14.69
Yield: 6.13%
Reaves Utility Income: (UTG) – The Fund seeks high current income with capital appreciation through investment in domestic and foreign utility companies and various money market instruments.
Price: $24.62
NAV: $24.29
Yield: 6.09%