There are actually many stocks, ETFs, CEFs, REITs, and trusts that pay dividends monthly.

But suppose you want money coming in every week?

If you try to set it up yourself with individual stocks, it could be a nightmare.

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Fortunately, there is an alternative. The SoFi Weekly Dividend ETF (WKLY) handles that for you.

This ETF contains a portfolio of large-cap and medium-cap dividend paying stocks, mostly U.S. based but some international companies.

The fund is designed so that there are dividends paid out every week. The current yield is a decent 3.25%, and total net assets of $9.2 million. The expense ratio is 0.49%.

Surprisingly, it’s not the only weekly dividend ETF.

The same fund manager has another ETF, the SoFi Weekly Income ETF (TGIF), that also pays weekly. However, this ETF invests in investment grade and junk bonds.

It has a higher yield at 4.31%, total net assets of $16.27 million, and an expense ratio of 0.59%. The fund was founded in 2020.

These might be a good addition to your income portfolio, but just be aware of the risks.

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