What dividend stocks should I buy right now?

3 Dividend Stocks to Boost Your Monthly Income

If you're looking to build a reliable stream of passive income, dividend stocks can be a smart addition to your portfolio. Right now, three names stand out for their strong yields, consistent payouts, and complementary dividend schedules: AbbVie (ABBV), Medtronic (MDT), and Enbridge (ENB).

AbbVie, the pharmaceutical giant known for Humira and its growing pipeline, offers a solid yield above 4%. With a diversified drug portfolio and ongoing investments in immunology and oncology, it has maintained a track record of steady dividend growth—over 15 years and counting. Its quarterly payouts provide reliable income, but pairing it with other well-timed stocks can smooth cash flow even further.

Medtronic, a global leader in medical devices, yields around 3% and has increased its dividend for more than 45 consecutive years. That kind of resilience makes it a cornerstone for income-focused investors. Its dividend lands in different months than AbbVie’s, helping to spread out your payouts.

Then there’s Enbridge, the Canadian energy infrastructure giant. With a yield hovering near 7%, it’s one of the highest on this list. It pays dividends monthly, which is a rare advantage—offering predictable income and the potential for compounding throughout the year. While pipeline stocks come with regulatory and environmental considerations, Enbridge’s diversified assets and long-term contracts support stable cash flows.

Together, these three stocks don’t just offer income—they deliver it at different times, creating a more consistent paycheck for your portfolio. Of course, yields can change and high payouts come with risks, so always consider the broader fundamentals. But for investors seeking dependable monthly dividends, AbbVie, Medtronic, and Enbridge are worth a closer look.