I am aware that dividends pay out 4 times a year. I would like to start earning passive income using dividends.
My question is Is there any way to buy different stocks that payout at different times of the year and create a way where I would get paid every two weeks of the year due to the differences in when each stock pays out their dividends.
For example say I buy stock X that might pay out Jan 1st, April 1st, August 1st and Dec 1st. Then I buy another stock Y that pays out Feb 1st, May 1st, July 1st and Nov 1st. Then I would expect dividend payouts for my two stocks in Jan, Feb, April,May,July,August,Nov, and Dec.
Say I buy 5 more stocks that pay out at different times of the year then I determine when they payout their dividend and structure it to where I would receive payments in a bi weekly fashion.
Is This possible to do? If it is not then what other investment products are available to achieve passive income in a bi weekly fashion or even monthly fashion.