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Monthly-paying TSX dividend stocks provide an opportunity to generate a stable recurring income stream. Moreover, dividend investors can align these payouts to offset real-world expenses.
Dozens of dividend stocks offer monthly payouts in 2023. However, only a handful of these companies have the potential to generate inflation-beating returns for investors. Here are two TSX cash kings with monthly dividend payouts.
Exchange Income stock
Valued at $2.30 billion by market cap, Exchange Income (TSX:EIF) pays shareholders a monthly dividend of $0.22, indicating a yield of more than 5%. Exchange Income is a diversified acquisition-oriented company focused on two segments: aerospace & aviation and manufacturing. It uses an acquisition strategy to identify profitable companies that generate steady cash flow growth while operating in niche markets.
Despite a challenging macro environment, Exchange Income…
