Most dividend stocks pay monthly dividends, quarterly dividends, semi-annual dividends, and annual dividends. However, suppose you’re looking to go beyond these timelines. In that case, you can combine the payout schedules of monthly and quarterly dividend stocks to ensure you’re paid a dividend roughly every week of the year. But what are some of the best? Let’s take a look.
What are Dividend Stocks?
Dividend stocks represent shares that pay investors a piece of that company’s earnings over regular intervals. These companies tend to be both long-standing and consistently profitable.
These businesses often take pride in their ability to give back to shareholders and strive to raise dividend amounts over time. Yields typically range somewhere between 2% and 5%.
Some organizations pay out dividends every week or month, but most fall quarterly or once per year. It’s possible to receive dividends as cash or reinvested back into the company as additional shares.
Investors tend to gravitate toward these stocks for the passive income and the stability they can bring.
Best Stocks That Pay Weekly Dividends
Walmart Inc (NYSE: WMT)
Founded in 1945, the company has grown into a household name within the retail space with over 10,500 stores in 24 countries, making it one of the largest retail companies in the world.
Recently, Walmart announced a deal with the software company Salesforce to offer its delivery technology to retailers.
This move will serve as an additional source of revenue for Walmart since higher volume orders will increase route density and, as a result, lower the company’s overall delivery costs.
It currently boasts 49 years of perpetual growth with a quarterly dividend of $0.57 and an annual yield of 1.41%
WMT sends its dividend payments quarterly, with its upcoming payout date slated for January 2, 2024.
This allows income investors to start the year’s second quarter with an attractive yield.
Altria Group Inc (NYSE: MO)
Altria Group, through its subsidiaries, is a tobacco company that supplies its smokeable and oral products to wholesalers, distributors, and chain stores.
It is better known for its cigarettes under the Marlboro brand.
Though Altria has recently experienced a slowed growth rate in its earnings, the company remains a dividend king with a 53-year growth streak.
It has a quarterly dividend payout of $0.98 with a strong yield of 9.14%.
Micron Technologies (NASDAQ: MU)
Micron Technologies is a semiconductor company offering its customers DRAM, SRAM, and flash memory chips. These chips can be used in mobile phones, PCs, servers, and USB drives.
MU has a payout ratio of 0.67% with a quarterly dividend of $0.12
Cisco Systems Inc (NASDAQ: CSCO)
Cisco Systems is an American company that offers network and communication products for information technology services to its customer base in Africa, the Middle East, and Asia.
The company was founded in 1984 and is based in San Jose, California.
CSCO is a great dividend stock with a steady dividend increase for 11 consecutive years.
It has a current yield of 2.88% and a quarterly payout of $0.39.
AT&T (NYSE: T)
Based out of Texas, AT&T is a popular telecommunications company offering its customers voice, data, 5G, and other communication services.
In the telecommunications sector, AT&T seems ahead of its competitor Verizon, recording 25 points ahead, a feat that has only been accomplished four times in its history.
Holders stand a chance to benefit from its dividends, with a dividend yield of 7.70% and a quarterly payout of $0.28.
Blackstone Group (NYSE: BX)
Blackstone is a top global investment organization that helps individuals, large organizations, and pensioners invest capital and achieve financial security.
As one of the world’s biggest alternative asset managers, they manage private equity, real estate, non-investment grade credit, and secondary funds.
Blackstone stock has gained more than 18% in the last year and 37% on a YTD basis.
The company has a dividend yield of 4.49% and a quarterly payout of $1.17.
Caterpillar Inc (NYSE: CAT)
Caterpillar is a leading manufacturer of heavy equipment and power solutions in the construction, mining, agricultural and financial sectors with over 100,000 employees worldwide.
In the past six months, shares of Caterpillar have increased by more than 20%.
With quarterly dividends, a dividend yield of 1.92%, and a quarterly payout of $1.30, CAT could complete your weekly stock calendar.
Williams Sonoma Inc (NYSE: WSM)
With its headquarters in San Francisco, California, Williams-Sonoma is an American consumer retail firm that produces and sells kitchenware, furniture, linens, and other home furnishings and gift items.
William Sonoma has a huge potential of making it to the top e-commerce stock spot for the next few years with a dividend of 2.22% and a quarterly payout of $0.90.
MetLife Inc (NYSE: MET)
MetLife is a financial services company that provides insurance, employee benefits, and asset management products and services to its client in navigating the ever-changing global economy.
JUST Capital recently recognized the organization as one of America’s 100 Most JUST Companies in the insurance sector for the third consecutive year.
It has a dividend of 3.28% and a quarterly payout of $0.52 per share.
Pfizer Inc (NYSE: PFE)
Pfizer is a top-tier research-based biopharmaceutical company established in New York in 1849 that engages in the discovery, development, production, and sale of biopharmaceutical products worldwide.
The company’s annual revenue from its mRNA vaccine portfolio is expected to reach $10 billion by 2030, representing a 2x uptick in its pre-pandemic revenue.
Its revenue growth lessens concerns that a sudden drop in demand for COVID vaccines would negatively impact the company’s top line.
Pfizer’s dividend hasn’t dropped below 10% in the last ten years. The company has a dividend yield of 4.93% and paid $0.41 per share in the last quarter.
Avery Dennison (NYSE: AVY)
Avery Dennison is a multinational corporation specializing in the design and production of pressure-sensitive labeling, packaging materials, and solutions like self-adhesive labels, apparel branding labels, RFID inlays, and unique medical products.
Avery Dennison’s ratings based on nine Wall Streets analysts is a buy, with earnings forecasted to grow by 2% this year.
It has a stable share price, a dividend of 1.77%, and a quarterly dividend of $0.81 per share.
Simon Property Group, Inc (NYSE: SPG)
Simon Property Group is the second largest American-based real estate investment trust with interest in over 200 properties, including malls, outlets, and other retail properties.
They specialize in the ownership, development, management, leasing, acquisition, and expansion of real estate properties.
The company recently boosted its dividend and stock yields by 7.02%, with a quarterly payout of $1.90 covered by its FFO guidance. .
This could enable the company to stand strong against any possible recession this year.
W.P. Carrey Inc. (NYSE: WPC)
W.P. Carrey Inc. is a net lease real estate investment trust organized in Maryland that invests in and provides properties leased to high-quality tenants.
A huge chunk of the company’s income is derived from its real estate assets, which comprise single-tenant offices, industrial, warehouses, and retain facilities located in different parts of the world.
W.P. Carrey’s earnings have grown by 11.9% annually for the past five years and are forecasted to grow by 10.42% year to year with a highly reliable dividend of 7.83% and a quarterly payout of $1.07.
Braemar Hotel & Resorts (NYSE: BHR)
This is another real estate investment trust that primarily invests in high revenue per available room (revPAR) in luxury hotels and resorts.
The company owns interests in approximately fourteen hotel properties in six states with about 3,800 rooms.
The group holding the most shares in the company is the institutions. Hence institutional investors tend to gain more from the company.
Braemar has a quarterly dividend of $0.05, and its forward dividend yield is currently at 7.09%.
Johnson & Johnson (NYSE: JNJ)
Johnson & Johnson is a multinational corporation based in the United States that manufactures healthcare products and provides related services to individuals, pharmaceutical companies, and the medical devices market.
Founded in 1886, the 137-year-old company is ranked as one of the world’s most valuable companies and is one of the two US-based companies with a prime credit rating of AAA, higher than that of the US government.
The corporation has about 250 subsidiary companies operating in 60 countries and products sold in over 175 countries.
In 2022, the corporation had a total of $94.94 billion in sales worldwide.
JNJ’s current quarterly dividend payout is $1.19, with a dividend yield of 3.02%.
Kimberley Clark (NYSE: KMB)
Kimberly Clark Corporation is a manufacturer and marketer of a wide range of personal care products under brand names such as Kleenex, Scott, Huggies, and WypAll.
It operates in 175 nations and brings in more than $20 billion yearly revenue.
The Items they produce include disposable diapers, baby wipes, swim pants, and feminine and incontinence care products.
KMB pays a $1.18 per share dividend quarterly and an annual dividend yield of 3.88%.
Medtronic PLC (NYSE: MDT)
Medtronic provides healthcare technology solutions for complex and difficult conditions such as treatment and therapy for the lungs, brain, dental, diabetes, heart, gastrointestinal, orthopedic, urinary, and women’s health.
Organically, the business is growing. In October 2022, Medtronic’s sales totaled $7.6 billion and rose by 2%, according to the period’s latest earnings report.
Not only have they paid a dividend of 3.85% that has consistently increased for 45 years, but the company also has good growth potential with a quarterly dividend of $0.69.
Apple Inc (NASDAQ: AAPL)
Apple Inc, formerly known as Apple Computer Inc, is a world-leading manufacturer of technological products ranging from phones to personal computers, smartwatches, and computer software.
Although Apple suffered stock declines in 2022, its growth tripled in the last five years, proving the value of investing through its long-term performance.
As of today, the current quarterly dividend payout for Apple is $0.24 per share with an annual yield of 0.54%.
Are Weekly Dividend Stocks a Good Investment?
When you optimize dividend payment schedules to receive weekly dividends, you’ll be able to generate a steady income stream.
However, when optimizing these payment schedules, you might be better off optimizing them with quarterly dividend stocks instead of monthly dividend payments.
It’s also worth noting that certain dividend stocks can grant you tax benefits in the form of lower capital gains tax rates.
This might be odd to hear, especially if you’re looking for the best monthly dividend stocks to invest in.
Still, it’s important to note that monthly dividend stocks tend to put undue pressure on companies to disrupt their cash flow every month, which could lead to operational inefficiencies that can manifest as reduced dividend payments.
This is in stark contrast to quarterly dividend stocks, whereby the companies have enough time to plan their cash flow ahead of their dividend payouts.
Stocks That Pay Weekly Dividends: Benefits
There are many excellent reasons for adding dividend stocks to your portfolio. Let’s look at a few of them now:
Reliable Income Streams
Above all else, dividend stocks can be a source of reliable income both now and well into the future. As long as the company keeps up its end of the bargain, you’re effectively pocketing a check every single week.
That can be a huge benefit for folks with limited incomes, such as retirees who need the cash to cover daily expenses. It offers a peace of mind where investing in traditional stocks can tie up money and often winds up a crap shoot.
Opportunity for Diversification
You never want to put all your eggs in one basket when investing. Therefore, it’s necessary to have a healthy mix of assets in your portfolio at any given time.
Dividend stocks offer something few other assets do – a chance at passive income that’s at least somewhat shielded from market ups and downs. Even during hard times, companies work hard to maintain or grow their yields.
Along those lines, sectors like real-estate investment trusts (REITs) always pay out dividends, introducing a chance at sectors you may not already be a part of.
Some Predictability
No stock or market trend is completely predictable, but having dividend stocks under your belt is the next best thing. Companies able to pay shareholders in weekly intervals tend to have stability and a long history of success that likely won’t change any time soon.
The result is less risky investment options that sometimes act as a cushion against volatile markets. Long-term investors like to plug in here, which also helps keep the waters calm.
Ability to Compound Earnings
Compounding is the art of reinvesting earnings back into an investment in hopes of even higher gains down the line. It’s usually possible to put your dividend income back into a company, giving you that extra skin in the game.
Each subsequent return can then generate more returns in a never-ending cycle. Because share prices for these organizations tend to roll slowly upward, there’s more profit potential in the long run.
Less Stressful
Normally, dividend stocks are those you invest in once and leave indefinitely. You’ll still need to keep an eye on them, but there aren’t many times when selling shares would prove beneficial.
With a little luck, you can sit back and collect those weekly payouts indefinitely and not stress about slinging stocks around for the funds you need to live comfortably.
Weekly Dividend Stocks: Factors To Consider
Dividend stocks come with plenty of perks, but you should consider these factors before making any kind of investment:
Volatility
Market surprises and economic conditions can weigh heavily on any business, dividend stocks included. A changing landscape can spell bad news for future payouts and a reliable source of income.
Carefully study the current climate for areas with the potential to affect a company’s cash flow. Even if the organization recovers in time, it may happen too late for your financial situation.
Company Financials
A company’s financials dictate its ability to pay out dividends and remain a contender in its field. Always check income statements, balance sheets, cash flow, and other areas that point to healthy resources.
Some organizations may promote dividends without a solid foundation to lure investors in. It’s also possible to see floundering companies try to keep up dividends despite alarming reserves.
Yield Amount
Everyone wants a high dividend yield for the income it brings, but be sure to look beyond the numbers. A company needs to be able to support its output and keep cash in reserves for future obstacles.
Alternatively, some businesses may enter the mix with a payout that’s far too low. It’s helpful to understand why numbers are so small and what the company’s plans are for the future.
Industry Trends
As with any investment, the last thing you need is to purchase shares of a company on its way out. Stars like Blockbuster and Borders were once on top of the world, only to fall victim to new industry trends.
In a flash, income streams can dry up for you and the company you’re relying on for weekly payments. Always look ahead of the curve for innovations that can knock your top picks down a notch or two.
Weekly Dividend Stocks FAQs
Does Google Pay Dividends?
Google doesn’t currently pay a dividend and expresses no plans to do so in the near future.
How Often Does Apple Pay Dividends?
Apple pays out dividends four times a year. As of January, the current TTM dividend payout for Apple is $0.23 per share with an annual yield of 0.68%.
What Companies Pay Monthly Dividends
A few companies, like Realty Income and Ellington Financial, pay monthly dividends.
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