Printed on June 2nd, 2026 by Bob Ciura
Month-to-month dividend shares are securities that pay a dividend each month as a substitute of quarterly or yearly.
Month-to-month dividend shares have instantaneous attraction for a lot of revenue buyers. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full listing of over 100 month-to-month dividend shares.
You possibly can obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yield and payout ratio) by clicking on the hyperlink under:
On this analysis report, we talk about the prospects of 10 undervalued month-to-month dividend shares, that are at present buying and selling at P/E ratios underneath 10.
Worldwide shares have been excluded from this report.
We have now ranked the shares by P/E ratio, from lowest to highest. For REITs, we use P/FFO rather than the P/E ratio. And for MLPs, we use P/DCF (which is distributable money flows).
These are comparable metrics much like earnings for frequent shares.
These 10 dividend shares haven’t been screened for dividend security. As an alternative, these are the ten most undervalued month-to-month dividend shares within the Certain Evaluation Analysis Database.
Desk Of Contents
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Undervalued Month-to-month Dividend Inventory #10: Prospect Capital (PSEC)
Prospect Capital Company is a Enterprise Improvement Firm, or BDC, that gives personal debt and personal fairness to center–market firms within the U.S.
The corporate focuses on direct lending to proprietor–operated firms, in addition to sponsor–backed transactions. Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional fairness investments.
Prospect posted second quarter earnings on February ninth, 2026, and outcomes have been considerably weak. Internet funding revenue was 19 cents per share.
Whole funding revenue, which is PSEC’s model of income, was $176 million. That was off from $185.5 million within the year-ago interval.
Whole funding revenue was $149 million, down from $168.8 million a 12 months earlier. That was higher than the $140.5 million that was anticipated.
Internet funding revenue was 19 cents, up from 17 cents in Q1 however down from 20 cents within the year-ago interval. Whole payment-in-kind curiosity revenue was $15.1 million, down from $20.2 million within the year-ago interval.
Whole originations have been $80 million, down from $92 million within the earlier quarter. Whole repayments and gross sales have been $79 million, down sharply from $235 million a 12 months in the past.
Altogether, web originations have been $1.2 million versus -$143 million within the earlier quarter.
For 2026, we see 47 cents in NII-per-share for this 12 months after first half earnings.
Click on right here to obtain our most up-to-date Certain Evaluation report on PSEC (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #9: Orchid Island Capital (ORC)
Orchid Island Capital, Inc. is a Actual Property Funding Belief (REIT) working within the mortgage business, externally managed by Bimini Advisors LLC.
Orchid Island is a purely monetary entity that invests in residential mortgage-backed securities (RMBS), both pass-through or structured company RMBSs, that are monetary devices that accumulate money circulate primarily based on residential mortgage loans.
Its portfolio is completely composed of Company RMBS backed by single-family residential mortgage loans.
On January 30, 2026, Orchid Island Capital, Inc. reported fourth quarter 2025 outcomes with web revenue of $103.4 million, or $0.62 per frequent share, in comparison with $0.53 per share in Q3 2025.
The corporate delivered stable earnings and e-book worth development, with full-year 2025 web revenue of $159.3 million, or $1.24 per share, and e-book worth per share rising to $7.54 from $7.33 quarter over quarter, reflecting favorable mark-to-market positive factors in its company MBS portfolio and improved market situations.
Quarterly efficiency was supported by $38.5 million of web curiosity revenue, pushed by $132.2 million of curiosity revenue offset by $93.7 million of curiosity expense, in addition to $53.7 million in unrealized positive factors and $14 million of positive factors on derivatives.
Administration considerably expanded the RMBS portfolio by about 27 p.c in the course of the quarter, with common MBS balances rising to $9.5 billion from $7.7 billion, making the most of perceived market dislocation and wider spreads.
Click on right here to obtain our most up-to-date Certain Evaluation report on ORC (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #8: Oxford Sq. Capital (OXSQ)
Oxford Sq. Capital Corp. is a BDC (Enterprise Improvement Firm) specializing in financing early- and middle-stage companies by loans and investments in collateralized mortgage obligations.
On the finish of 2025, the whole honest worth of Oxford Sq.’s funding portfolio was about $251.7 million throughout its debt, CLO fairness, and fairness/different holdings, allotted about 58.5% to senior secured debt, 37.8% to CLO fairness, and roughly 3.7% to fairness or different investments.
On March third, 2026, Oxford Sq. Capital reported its This autumn and full-year outcomes for the interval ending December thirty first, 2025.
The corporate generated about $10.4 million in whole funding revenue, a slight enhance in contrast with $10.2 million in This autumn 2024, as larger revenue from securitization autos and different sources helped offset a decline in said curiosity revenue from debt investments.
The weighted common yield on debt investments decreased to 14.5% from 15.8% a 12 months earlier. The weighted common efficient yield on CLO fairness investments stood at 8.6%, modestly decrease than the 8.8% recorded in This autumn 2024.
Whole bills rose to $5.0 million, in contrast with $4.2 million within the prior-year interval, primarily reflecting larger curiosity bills following the issuance of the corporate’s new 7.75% unsecured notes due 2030.
Internet funding revenue (NII) got here in at roughly $5.4 million, or $0.07 per share, versus $6.0 million, or $0.09 per share, in This autumn 2024. NAV per share fell to $1.69 at year-end, a big decline from $2.30 a 12 months earlier..
Click on right here to obtain our most up-to-date Certain Evaluation report on OXSQ (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #7: Petrus Assets Ltd. (PTRUF)
Petrus Assets is a Canadian junior oil and gasoline producer primarily based in Calgary, Alberta, targeted on the event of low-cost, liquids-rich pure gasoline and light-weight oil property in Western Canada.
The corporate’s operations are concentrated in its core Ferrier space, positioned within the Alberta Deep Basin, the place it targets the Cardium formation utilizing horizontal drilling and multi-stage fracturing.
Petrus maintains full operatorship and excessive working pursuits in its property, enabling tight value management and capital effectivity. The corporate experiences its financials in CAD.
On March 18th, 2026, Petrus Assets posted its This autumn outcomes for the interval ending December thirty first, 2025. Petrus reported income of roughly $27.6 million earlier than hedging, with realized oil and NGL costs decrease than final 12 months regardless of stronger pure gasoline pricing.
The corporate additionally generated about $9.8 million in funds circulate, translating to $0.07 per diluted share. This compares to about $9.1 million, or $0.06 per diluted share final 12 months, reflecting development of about 8% 12 months over 12 months.
Whole manufacturing averaged 9,568 boe/d, up from the prior 12 months, whereas pure gasoline accounted for 64% of the product combine. For FY2025, FFS was $0.29.
Click on right here to obtain our most up-to-date Certain Evaluation report on PTRUF (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #6: PennantPark Funding Corp. (PNNT)
PennantPark Funding Company is a enterprise growth firm targeted on offering personal credit score to U.S. core middle-market firms, usually with $10–$50 million of EBITDA, by primarily first-lien, senior secured loans.
As of March thirty first, 2026, PNNT had a $1.20 billion funding portfolio throughout 162 firms, with a weighted common yield on interest-bearing debt investments of 10.9%.
The portfolio consisted of 40% first-lien secured debt, 2% second-lien secured debt, 17% subordinated debt, 24% most well-liked and customary fairness, and 17% U.S. Authorities Securities.
The interest-bearing debt portfolio was 88% variable fee, and 4 portfolio firms have been on non-accrual, representing 1.3% of the portfolio at honest worth.
On Might seventh, 2026, PennantPark Funding reported its fiscal Q2 outcomes. For the quarter, whole funding revenue declined 12 months over 12 months to $24.9 million from $30.7 million, pushed by a smaller portfolio and decrease weighted common yields.
Internet funding revenue fell to $9.3 million, or $0.14 per share, from $11.4 million, or $0.18 per share, a 22% decline in per-share earnings.
PennantPark reported a web lower in web property from operations of $2.3 million, or $0.04 per share, in contrast with a rise of $9.5 million, or $0.14 per share, a 12 months in the past.
Click on right here to obtain our most up-to-date Certain Evaluation report on PNNT (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #5: True North Business REIT (TUERF)
True North Business REIT is a Canadian workplace REIT that owns and operates a portfolio of single-tenant and choose multi-tenant workplace properties throughout 5 provinces.
As of December thirty first, 2025, the Belief owned 35 workplace properties totaling 3.3 million sq. toes, with 90% occupancy and a weighted common lease time period of 4.3 years.
Roughly 75% of income is generated from authorities and credit-rated tenants, offering extremely contractual and defensive money circulate regardless of structural challenges within the workplace sector.
The portfolio is concentrated in Ontario (notably the GTA and Ottawa), with further publicity to Alberta, Atlantic Canada, and British Columbia.
On March seventeenth, 2026, True North Business REIT reported This autumn and full-year outcomes. Quarterly income from actual property properties rose 27% 12 months over 12 months to about $29.4 million, primarily because of a $9.1 million early termination fee from an Ottawa tenant, which helped offset the influence of strategic asset gross sales.
Internet working revenue elevated to $18.4 million, pushed by this one-time fee and contractual hire steps, although same-property weak spot in Alberta and British Columbia continued to weigh on outcomes.
Portfolio occupancy, excluding property held on the market, completed the 12 months at 90% with a 4.3-year weighted common lease time period, backed by a tenant base that’s 75% authorities or credit-rated.
Full-year 2025 FFO per share was $2.08. For FY2026, we count on FFO/share of $1.51.
Click on right here to obtain our most up-to-date Certain Evaluation report on TUERF (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #4: Invesco Mortgage Capital (IVR)
Invesco Mortgage Capital is a Maryland actual property funding belief targeted on investing in, financing, and managing mortgage-backed securities and different mortgage-related property.
Its funding portfolio is centered on Company RMBS and Company CMBS, with historic investments additionally akin to non-Company RMBS, non-Company CMBS, TBAs, unconsolidated actual estate-related ventures, and U.S. Treasury securities.
The corporate conducts its enterprise by IAS Working Partnership L.P. and is externally managed by Invesco Advisers, Inc., an oblique subsidiary of Invesco Ltd.
The corporate has no workers of its personal and depends on its exterior supervisor for funding, danger administration, and operational help. Final 12 months, it recorded $295.3 in dividend and curiosity revenue.
On January twenty ninth, 2026, Invesco Mortgage Capital posted its annual outcomes for the interval ending December thirty first, 2025. For the 12 months, web revenue was $101.3 million or $1.32 per diluted share, up from $34.8 million, or $0.65 per diluted share, in 2024.
Internet curiosity revenue elevated to $75.4 million from $36.8 million, as curiosity revenue rose to $295.3 million from $286.5 million and curiosity expense fell to $219.9 million from $249.7 million.
Whole different revenue was $44.4 million, pushed by a $149.3 million acquire on investments, partly offset by a $104.9 million loss on spinoff devices, whereas whole bills declined barely to $18.6 million.
Whole property elevated to $6.48 billion from $5.69 billion, and whole stockholders’ fairness rose to $797.5 million from $730.7 million.
For 2026, we count on EPS of $2.32.
Click on right here to obtain our most up-to-date Certain Evaluation report on IVR (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #3: CION Funding Corp. (CION)
CION Funding Company is an externally managed U.S. enterprise growth firm targeted on originating and holding senior secured loans to U.S. middle-market firms, with an emphasis on capital preservation and present revenue.
As of the tip of Q1 2026, CION had investments in 89 portfolio firms, with a diversified credit score portfolio concentrated on the prime of the capital construction.
By business publicity, the most important allocations have been to Enterprise Providers (14.0%), Healthcare & Prescribed drugs (11.8%), Retail (10.7%), Power: Electrical energy (8.4%), and Media: Diversified & Manufacturing (6.8%).
The remaining 48.3% is unfold throughout industries every representing lower than 6.8% of the portfolio. The funding combine stays conservative, with 80.8% in senior secured first-lien debt.
On Might seventh, 2026, CION Funding Company reported its Q1 outcomes. Whole funding revenue decreased 7.9% quarter over quarter to $49.5 million, pushed by decrease transaction charges from lowered compensation and funding exercise and decrease dividend revenue.
Internet funding revenue fell to $0.25 per share, a 28.6% lower from $0.35 per share within the prior quarter, reflecting decrease price and dividend revenue alongside larger curiosity expense. Internet asset worth decreased 4.7% quarter over quarter to $13.11 per share, down from $13.76.
Click on right here to obtain our most up-to-date Certain Evaluation report on CION (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #2: Surge Power (ZPTAF)
Surge Power is a Calgary‑primarily based unbiased oil and gasoline exploration, growth and manufacturing firm working primarily in Alberta, Saskatchewan and Manitoba.
Surge holds a targeted and operated portfolio of sunshine and medium gravity crude oil property, together with giant oil‑in‑place reservoirs with low restoration components.
On Might sixth, 2026, Surge Power reported its Q1 monetary outcomes. Whole petroleum and pure gasoline income was about $113.0 million, primarily based on common every day manufacturing of 23,893 boe/d, with crude oil and NGLs representing about 89% of the manufacturing combine.
Surge Power generated about $50.7 million in adjusted funds circulate, or $0.51 per share primary and $0.49 per share diluted, in contrast with about $57.3 million and $0.57 per share primary in the identical quarter final 12 months.
The year-over-year lower was pushed primarily by decrease realized commodity costs and a realized loss on commodity and FX contracts, partially offset by modestly larger manufacturing and decrease royalties per boe.
Free money circulate was $18.8 million.
Click on right here to obtain our most up-to-date Certain Evaluation report on ZPTAF (preview of web page 1 of three proven under):
Undervalued Month-to-month Dividend Inventory #1: BCP Funding Company (BCIC)
BCP Funding Company is an externally managed enterprise growth firm targeted on producing present revenue, and secondarily capital appreciation, by lending to and investing in middle-market firms.
It primarily invests in first- and second-lien secured loans, mezzanine debt, and chosen equity-linked devices, and likewise has smaller exposures to joint ventures and CLO fund securities.
BCP targets privately held companies with EBITDA of about $10 million to $50 million. BCP is managed by Sierra Crest Funding Administration, an affiliate of BC Companions.
As of 2025 finish, its funding portfolio totaled about $501.0 million at honest worth throughout 108 entities and 41 industries.
On March fifth, 2025, BCP Funding Company posted its full-year outcomes for the interval ending December thirty first, 2025. BCP Funding reported web funding revenue of $25.1 million, or $2.28 per share, up from $24.0 million, or $2.59 per share, in 2024.
Whole funding revenue edged all the way down to $61.2 million from $62.4 million, whereas web bills improved to $36.0 million from $38.4 million, helped by decrease incentive charges and a partial price waiver.
Whole web property elevated to $209.2 million from $178.5 million, largely reflecting capital exercise tied to the Logan Ridge acquisition, though NAV per share declined to $16.68 from $19.41.
For 2026, we count on NII of $2.50.
Click on right here to obtain our most up-to-date Certain Evaluation report on BCIC (preview of web page 1 of three proven under):
Additional Studying
If you’re taken with discovering high-quality dividend development shares and/or different high-yield securities and revenue securities, the next Certain Dividend assets might be helpful:
Month-to-month Dividend Inventory Particular person Safety Analysis
Different Certain Dividend Assets
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