Benchmark U.S. crude oil for August delivery rose $2.67 to $108.43 a barrel Friday. Brent crude for September delivery rose $2.60 to $111.63 a barrel.
Wholesale gasoline for August delivery rose 15 cents to $3.69 a gallon. August heating oil rose 11 cents to $3.94 a gallon. August natural gas rose 31 cents to $5.73 per 1,000 cubic feet.
Gold for August delivery fell $5.80 to $1,801.50 an ounce. Silver for September delivery fell 68 cents to $19.67 an ounce and September copper fell 11 cents to $3.60 a pound.
The dollar fell to 135.26 Japanese yen from 135.58 yen. The euro fell to $1.0425 from $1.0479.
Investors who are in or nearing their retirement years know the need for reliable income moves to the top of the priority list. That makes investing in dividend stocks a logical choice. Most dividend stocks pay dividends on a quarterly basis. However, for individuals who lack an income stream from a job, quarterly dividends of any size create an uneven income stream. That can be difficult in times of economic volatility, and particularly when facing rising inflation.
One solution for these investors is to purchase a special class of dividend stocks that pay dividends monthly. Monthly dividend income is a way to create predictable cash flow. And investors also get access to stocks that have a high dividend yield, sometimes in excess of 10%. That's nearly 10x the 1.6% average dividend yield of stocks in the S&P 500. And because of these company's business models, these yields are sustainable.
In this special presentation, we'll look at 7 monthly dividend stocks that have a yield of over 10% as of June 2022.
View the "7 Dividend Stocks That Earn 10% Every Month".