This S&P 500 Stock Has a Tremendous 5.6% Yield and Pays Monthly Dividends

The S&P 500 index (SNPINDEX: ^GSPC) has a tiny dividend of 1.3% or so. It would be very difficult to live off the income collected from an S&P 500 index fund. What if you could get four times that income? That's what is on offer from S&P 500 component Realty Income (NYSE: O) today, given its 5.6% dividend yield. Here's a quick look at this ultra-high-yield stock and why you might want to add it to your dividend portfolio.Realty Income is a property-owning real estate investment trust (REIT). So, from a big-picture perspective, it does exactly what you would do if you owned a rental property. It just operates on a much larger scale, given that Realty Income has a portfolio of more than 15,600 properties spread across North America and Europe.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool