Monthly dividend stocks and funds offer passive income options

Investors have various options for generating monthly passive income through dividend-paying assets. In the United States, Realty Income, a real estate investment trust (REIT), specializes in leasing to retail tenants such as Dollar General and 7-Eleven. The company has a history of increasing its per-share dividend for 31 consecutive years. A $30,000 investment in Realty Income currently yields approximately $129 per month, representing an annualized dividend yield of 5.2%.

On the Australian Securities Exchange (ASX), several assets offer monthly distributions. The HVST exchange-traded fund (ETF) provides exposure to high-dividend stocks among the 100 largest ASX-listed companies, with a 12-month gross distribution yield of 7.1% as of July 31. Additionally, the Metrics Income Opportunities Trust (MOT) is a listed investment trust focused on providing monthly cash income through a portfolio of private credit investments.