PaulDeep19131

Exchange Income Fund: One of my Top Monthly Income Stocks

Long
TSX:EIF   EXCHANGE INCOME CORPORATION
EIF is a rare stock where you get decent capital appreciation alongside passive income. Not only are these two factors attractive in itself, but they have also increased their dividend virtually every year for ages with no decreases.

Their diversified portfolio and continued record revenues makes this stock an amazing buy and buy off dips. There can be some pullbacks on dividend stocks so you never want to throw "in" all your cash at once.

Exchange Income Fund (EIF) and A&W Royalty (AW.UN) are two of my top monthly dividend stocks that have sound technicals and will continue to provide investors with strong value over the long-term. In my opinion these two aforementioned picks represent some of the top monthly dividend stocks both in the TSX and NYSE/NASDAQ; strong charts and a remarkable dividend hike history is exactly what investors should be looking at for passive income.

If you look around the market, monthly dividend stocks are very rare. Its even more rare to find monthly dividend-paying stocks that actually have "nice charts": these two are my favourites.

- zSplit
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