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Chicago, IL – March 10, 2023 – Today, Zacks Investment Ideas feature highlights Coca-Cola Company KO, AbbVie ABBV and Exxon Mobil XOM.

Reap Monthly Income with This 3-Stock Combo

While the majority of stocks pay quarterly dividends, investors can still construct a portfolio that allows them to get paid monthly.

How? Let me explain –

The first stock pays its dividend in January, April, July, and October. The second stock pays out in February, May, August, and November. And finally, the third stock will pay its dividend in March, June, September, and December.

So, with just a little positioning, investors can reap steady monthly paydays.

Together, three stocks – Coca-Cola Company, AbbVie and Exxon Mobil – would allow payouts to roll in each month.

For income-focused investors, let’s take a closer look at each one.


Coca-Cola is an American multinational corporation best known for its flagship Coca-Cola beverage. The stock presently sports a Zacks Rank #2 (Buy), with earnings estimates drifting higher.

Impressively, KO is a Dividend King, showing an unparalleled commitment to shareholders through 50+ years of increased payouts. The company’s annual yield sits at 2.9%, a tick ahead of the Zacks Consumer Staples sector average.

KO pays dividends in January, April, July, and October.


AbbVie enjoys leadership positions in key therapeutic areas, including immunology, hematologic oncology, neuroscience, aesthetics, eye care, and women’s health.

Like KO, AbbVie is a Dividend King, reflecting the company’s shareholder-friendly nature in a big way. Currently, ABBV’s annual dividend yields a sizable 3.9%, more than double the Zacks Medical sector average.

In addition, AbbVie’s cash-generating abilities have been amplified thanks to successful new drugs; ABBV generated $7.2 billion of free cash flow in its latest quarter, growing nearly 50% year-over-year.

ABBV pays dividends in February, May, August, and November.

Exxon Mobil

Exxon Mobil is a U.S.-based oil and gas entity, one of the world’s largest publicly traded energy companies.

Exxon’s annual dividend yield currently stands at a solid 3.3%, with a sustainable payout ratio of 26% of its earnings. The surge in energy prices undoubtedly benefitted the company, with its payout growing 3.4% just over the last year.

Further, the company’s 31.2% TTM return on equity is certainly worth highlighting, with the surge in energy prices again providing a nice boost.

XOM pays dividends in March, June, September, and December.

Bottom Line

Dividends amplify any portfolio, cushioning the impact of drawdowns in other positions and providing the ability to reap passive income.

Interestingly enough, if investors select their dividend-paying stocks in a structured manner, they can create a portfolio that provides monthly paydays.

When combined, all three stocks above – Coca-Cola Company, AbbVie and Exxon Mobil – construct a portfolio that allows monthly income.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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CocaCola Company (The) (KO) : Free Stock Analysis Report

Exxon Mobil Corporation (XOM) : Free Stock Analysis Report

AbbVie Inc. (ABBV) : Free Stock Analysis Report

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