Three Blue-Chip Stocks Combine for a 4% Yield and Monthly Payouts

Investors seeking a monthly income stream can combine three blue-chip stocks to create a staggered dividend ladder that covers all 12 months of the year. Altria (MO) pays in January, April, July, and October, AbbVie (ABBV) pays in February, May, August, and November, while Chevron (CVX) pays in March, June, September, and December.

The trio offers attractive dividends, with Altria paying $1.06 per share every three months, AbbVie paying $1.73 per share quarterly, and Chevron paying a record-high $1.78 per share. This combination blends to a yield around 4%, making it an appealing option for income investors.

The key to this strategy is staggering the dividend payments to ensure a monthly payout. Altria's growth track record is proven, having increased its payout every year since 2020. AbbVie's cash-flow story remains strong, driven by the success of Skyrizi and Rinvoq. Chevron's Q2 report showed adjusted earnings of $12 billion and debt reduction of more than $8 billion.