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Stock market investing can help you achieve various financial goals, from wealth growth through capital gains to creating a passive-income stream. Creating more income streams to supplement earnings through your primary revenue stream is essential to gaining financial freedom. You can achieve that goal through dividend investing by identifying the right stocks.
Several high-quality stocks pay investors, distributing a portion of revenues to shareholders every quarter. However, several TSX stocks pay their shareholders distributions every month. While not every monthly dividend stock is an excellent pick, a few of them can make excellent parts of the foundation for a solid income-generating, self-directed investment portfolio.
Today, I will discuss two monthly dividend stocks I would have as my foremost picks to kickstart such a portfolio.
Exchange Income
Exchange Income (TSX:EIF) is a $2.20 billion…
