If a company pays a 6% dividend yield, does that mean they pay back 6% of what I put in every month? Like if I invest $1,000 into a company with a 6% dividend yield, does that mean I get $60 back every month? Here are some monthly dividend stocks for example. https://www.suredividend.com/monthly-dividend-stocks/
No. The dividend yield is normally expressed annually. You'd get $60 over one year paid in twelve $5 installments.
As Per One Point its monthly My friend, my input is you have to be careful of dividend traps, yield isn't the clear cut measure if an instrument will give you a consistent and growing return. You have to consider if it will also preserve your capital or even grow (i.e what is the price performance of the underlying). Decreasing trend price of the underlying will give the impression that the yield is substantial. Gaining 6% a year while your capital value is bleeding per year is not a good idea. When going for dividends always think about what will happen 10-20 years: in the company, on the dividend payments, on your capital. You can compare price trends numerous high flying dividend yield (or +6%) REIT or common stocks versus the conservative old players such as KO, PEP, Mccormick, JNJ, Colgate, Nestle (Six Swiss Exchange), American Towers, Nextera etc. In my opinion dividend plays are just like planting, growing, and harvesting its fruits so it is not just scanning right now which has the highest yield. You have to plant like a tree just like buying KO in 1987 would give you a dividend yield of at least +100% of your initial capital today 2019 Just my two cents ;