Staggered Dividends: Altria, AbbVie, and Chevron Deliver Monthly Income

Investors seeking to create a monthly income stream from quarterly dividend payers can consider three blue-chip stocks: Altria, AbbVie, and Chevron. Each of these companies pays out dividends on different quarterly schedules, allowing investors to receive a paycheck every month of the year.

Altria (NYSE:MO) pays out $1.06 per share in January, April, July, and October, with a dividend yield of 6.19%. The company has increased its payout every year since 2020, and recent earnings reports have been strong, with adjusted EPS guidance raised to $5.56 to $5.72.

AbbVie (NYSE:ABBV) pays out $1.73 per share in February, May, August, and November, with a dividend yield of 2.58%. The company has reported strong cash flows and a growing payout, but investors should be aware that the trailing PE is 75x due to acquisition accounting.

Chevron (NYSE:CVX) pays out $1.78 per share in March, June, September, and December, with a dividend yield of 3.44%. The company has reported strong earnings and free cash flow, and its CEO has stated that the company will continue to reward shareholders.

These three stocks together offer a staggered quarterly payment schedule, allowing investors to receive a monthly income stream. However, investors should be aware of the risks associated with each stock, including regulatory and legal issues for Altria, biosimilar and pipeline execution risks for AbbVie, and commodity price fluctuations for Chevron.