How To Get Dividend Payouts Every Week Of The Year

I think it’s only fitting that I explore some investing ideas that pay us week to week, ya know since we humans live week to week. My thoughts are, how cool would it be to get paid dividends every week just like a regular paycheck?

I started with the idea of dividend laddering since most of our stocks pay quarterly and monthly. It’s weird that you only really hear about this with bonds — probably because they only pay twice a year and people are looking for monthly income. So let’s crack it up a notch and see if we can ladder dividends to get weekly payouts.

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Why Getting Weekly Dividends Is Awesome

Most Jobs Pay Weekly

We may have monthly bills, but we ultimately live week to week for most things in life. Work, school, church, groups, and extra-curricular activities are all organized weekly. And how do you handle your chores, errands, and grocery shopping — chances are it’s weekly.

So, how cool would it be to get your dividends every week? For those who have a weekly paycheck, getting dividends weekly would make it very convenient. Plus if your goal is to replace your paycheck with dividend income, it makes it easy to track your progress — just don’t forget about taxes.

You See Results Constantly

Think of the last time you set a goal. Did you reach your goal or did you give up? Now think about whether you felt progress by seeing results. When we see tangible results, we’re motivated to keep going. The faster they happen the more energy we’re willing to put into a project.

If you started investing today and were able to see money paid back into your account within 30 days, how excited would you be to find more money to invest? And what if we could speed that up to receiving your first payout in a week? That’s how I got addicted to dividend investing.

You Increase The Power Of Compounding

I’ve said this before, but the more payouts you get in a year to reinvest, the faster your results compound. That’s why I like monthly over quarterly dividends. And when you move to weekly, the results snowball even faster.

Einstein said that compounding is the 8th wonder of the world. And it’s true. Using the average market return of 10% a year, your money doesn’t double in 10 years, but 7. We’re earning more than that, which means you can get to your goals a lot faster than traditional investing methods.

Strategies To Get Weekly Dividends

There are essentially three ways to get weekly dividends. One, you can hold 12 stocks that pay quarterly. You’ll need to make sure their pay dates sync up to cover each week. The second way would be to do the same thing, but use monthly divie payers instead. And the last is just to invest in weekly paying stocks. You could also do a combo of method.

During my research I realized that we already own stocks that cover each week in our portfolios. It’s not very hard when you have some weekly payers. But if the thought of high risk wigs you out, we do have quarterly and monthly options.

The following stock lists are based on our portfolio and just examples, you’re free to choose your own basket of stocks.

Quarterly Dividend Payers

Quarterly dividend stocks pay you on a specific week every 3 months to total 4 payouts each year. Since a month has 4 weeks, you’ll have to find a total of 12 stocks to cover each week over each 3-month quarter. Some months have 5 weeks, so you might need to sprinkle in some weekly payers to cover the gaps.

By doing a little research, you can find stocks to fit this setup. It will take some time to find the perfect basket of stocks, but if you’re super cereal about getting paid every week, the research will bear fruit.

We looked over our portfolio first to see what fit the bill. I was surprised to see that we have every week covered across the portfolios, except 1 each quarter. I added a stock to fill in here to complete the list.

1st Week Of January, April, July, October

2nd Week Of January, April, July, October

MO,
TRIN

3rd Week Of January, April, July, October

OZK
IIPR

4th Week Of January, April, July, October

CSCO (we don’t actually own this one…yet)

1st Week Of February, May, August, November

2nd Week Of February, May, August, November

ARLP

3rd Week Of February, May, August, November

UAN
AB
ABR
HTGC

4th Week Of February, May, August, November

RWAY

1st Week Of March, June, September, December

2nd Week Of March, June, September December

ARCC
OGN
SWKS

3rd Week Of March, June, September, December

4th Week Of March, June, September, December

CIVI
SBLK
ES

To find assets that fit the bill and pay quarterly, I used Schwab’s scanners. Under ETFs you add filters for the price (I select All), distribution yield (I only select >6%), and distribution frequency (you need monthly). This takes the number of stocks to evaluate down from about 4,000 to 280. Finding stocks vs ETFs is harder and up to you if you want to do.

Monthly Dividend Payers

Monthly dividend stocks pay out on the same week every month. Again, you’ll have to sprinkle some weekly payers in the next section to cover the months that have 5 weeks.

This one is much easier to fill out as Schwab’s scanners make finding your pool a piece of cake. I came up with the following list based on what we already had in our portfolio.

1st Week Of Each Month

NZF,
NAD
JEPQ
NVDY
USOY

2nd Week Of Each Month

AGNC
CONY
MSFO

3rd Week Of Each Month

THTA
AMZY
MAIN

4th Week Of Each Month

FEPI
AIPI
YYY
NBXG
SRV

To make your own list, head into Schwab. Search for dividends in the frequency drop down and then select the monthly option. Then you can add filters to sort the results by adding the price (I select All) and annual dividend yield (I only select > 6%). Dig in and figure out which stocks pay on certain weeks and stack them accordingly.

Weekly Dividend Payers

These stocks pay their dividends out weekly. They’re somewhat risky, unless you pull your initial investment out first. We’ve had great results with that strategy, and they pay quite a bit. You can always add 1 or 2 in to boost your divie payouts and funnel that money into better stocks. That’s what we do.

You’ll also need to have at least one of these to get a payout on the 5th week of some months that the quarterly and monthly stocks don’t cover.

YMAX
YMAG
LFGY
YBTC

I use Dividend Channel Ito find weekly dividends. There are currently only 12 investments that pay weekly dividends, but they could come out with new ones at any point. You see our choices above.

Our Weekly Dividend Payouts

As you can see, we collect a shit-ton of divies — and get paid every week. My goal is to replace the weekly paycheck with passive income. Carm’s a weirdo who prefers tracking monthly, so just ignore her.

On average, we collect between $380 and $540 in divies each week. (Our portfolio is worth about $105,000 right now.) This doesn’t quite replace a full paycheck yet, but once we’re able to invest another $100,000 sweat equity when we sell the condo, that number will be a lot higher.

The objective is to set up a dividend ladder that matches your investor profile. If you’re not comfortable with risk then skip the weekly divie payers and focus on building a ladder with monthly or quarterly ones.

How To Get Started

How I Would Build A Portfolio

I think mixing all three payout frequencies creates the best mix of risk and reward. The monthly and quarterly payers provide security and weekly payers increase your yields. I also believe it’s important to see results fast. This helps build excitement as you realize the potential for financial freedom.

If I was starting today I’d go with good monthly or weekly dividend payers. Then use those payouts to initiate positions in quarterly payers. Get the income rolling first so you can build out your portfolio.

Whatever road you choose, weekly divies will give you a sense of accomplishment that what you’re doing is actually rewarding.

Comparison Example

Say you had $24,000 to invest. If you bought quarterly payers, they’d give you next to nothing. Our highest quarterly yield is 12% which gives you less than $60 a week.

If you instead invested that $24,000 into monthly payers you’d bring in much, much more. FEPI and AIPI yield about 35% and are really good funds. Your $24,000 would be yielding more like $150 a week. If you’re comfortable with more risk you could invest in NVDY and CONY which yield about 100%. That would give you around $400 a week.

Risk vs Reward Of High Dividends

Obviously, to get more money you’ll need to invest more capital or take on more risk with the weekly payers. You choose how much risk you’re willing to take on, but you should know that risk is really about your emotional reactions. Investing decisions made with emotions can cost you everything, but thoughtful and calculated decisions can build wealth.

The easiest way to take emotions out of investing is to use extra money to buy the high yield “risky” assets. That way if it loses value while dividend magic is happening, you don’t panic. Tax returns and gifts are great for this.

If you spent that your $3,000 tax return, you’d be left with zero. But if you invested it into high yield ETFs, you could recoup that $3,000 in a year in dividends and still own shares that will continue to pay you. Now you can spend it and then some. Ask yourself if that is worth the risk?

I think so and have even taken it one step further, well maybe more like balls to the wall. We borrowed $15,000 at 17.25% interest and invested it into CONY. Time will tell if this experiment proves my previous point.