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April 2011

12 Stocks to Get Dividends Every Month

August: Colgate-Palmolive (CL)

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Price (as of March 15): $77
Annual dividend: $2.32
Yield: 3.0%
Also pays in: February, May and November

The company owns some of the world's best-known consumer brands -- Colgate toothpaste and toothbrushes and Palmolive, Fab and Ajax cleaning products. It generates about 75% of its sales and earnings outside the U.S.; more than half of revenues and profits come from fast-growing emerging markets. Colgate should be able to hike its dividend for a 48th consecutive year. Its yield isn't extraordinarily high, but the company has boosted its payout at an annualized rate of 13% over the past five years. Look for increases of that magnitude to continue for some time.