10 Month-to-month Dividend Shares With Extremely Protected Dividends

Revealed on June ninth, 2026 by Bob Ciura

Month-to-month dividend shares will be a beautiful funding choice for these looking for steady earnings.

That’s as a result of month-to-month dividend shares present a predictable and constant stream of money move.

Month-to-month dividends enable traders to obtain extra frequent funds than shares which pay quarterly or semi-annual dividend payouts.

Consequently, month-to-month dividend shares will help to cowl dwelling bills, or complement different sources of earnings.

We at present cowl over 100 month-to-month dividend shares that at present provide a month-to-month dividend fee.

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 beneath:

Nevertheless, not all month-to-month dividend shares are equally protected. There are numerous examples of month-to-month dividend shares lowering or eliminating their dividends.

The ultra-safe month-to-month dividend shares beneath have been chosen based mostly on their Dividend Danger rating, dividend payout ratios, and a qualitative evaluation of their enterprise fashions and future prospects.

Desk of Contents

Extremely Protected Month-to-month Dividend Inventory #10: Boardwalk Actual Property Funding Belief (BOWFF)

Boardwalk Actual Property Funding Belief is a Canadian multi-family residential REIT targeted on proudly owning, working, and reinvesting in reasonably priced and value-oriented rental condominium communities throughout Western and Central Canada.

As of March thirty first, 2026, Boardwalk owned and operated in extra of 200 communities comprising roughly 34,000 residential suites totaling roughly 30 million web rentable sq. ft, with its portfolio concentrated in Alberta, Saskatchewan, Quebec, Ontario, and British Columbia.

On Could fifth, 2026, Boardwalk REIT posted its Q1 outcomes for the interval ended March thirty first, 2026. Rental income for the quarter was about $119.4 million, up 5.2% year-over-year. Identical-property rental income elevated 2.8% year-over-year.

Identical-property NOI grew 6.8%, reflecting continued working margin enlargement to 65.8% as income progress was pushed by a 4.1% discount in same-property complete rental expense.

Money move efficiency remained sturdy, with FFO per unit growing 8.5% to $0.84 and AFFO per unit rising 8.9% to $0.71.

This progress was pushed by greater in-place occupied rents throughout the portfolio, averaging $1,167 in March, and decrease incentives, partially offset by greater emptiness loss.

Occupancy remained excessive at 97.3% for the quarter. For FY2026, Boardwalk revised FFO steerage to C$4.60–C$4.80 or $3.35–$3.50 per unit.

Click on right here to obtain our most up-to-date Positive Evaluation report on BOWFF (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #9: Flagship Communities Actual Property (MHCUF)

Flagship Communities is a U.S.-focused actual property funding belief specializing in proudly owning and working manufactured housing communities (MHCs) and leisure automobile (RV) resorts.

As of March thirty first, 2026, the REIT owned a portfolio of 86 MHCs and a pair of RV resort communities, totaling 17,015 heaps/websites.

Its properties are positioned in eight U.S. states, with a notable presence in key markets like Louisville, Cincinnati, and Evansville.

On October fifteenth, 2025, Flagship Communities raised its dividend by 5.4% to a quarterly fee of $0.654.

On Could 4th, 2026, Flagship Communities reported its Q1 outcomes. Income for the quarter rose by 20.6% to $29.9 million, supported by lot lease will increase, natural progress, and contributions from current acquisitions.

Identical-community income grew by 8.6%, reflecting continued portfolio energy and better occupancy.

Lease collections have been sturdy at 99.8%, and total portfolio occupancy was 84.1%. NOI elevated by 17.4% to $19.3 million, with an NOI margin of 64.5%.

Funds from Operations grew to $9.6 million. On a per-unit foundation, FFO was $0.382.

Click on right here to obtain our most up-to-date Positive Evaluation report on MHCUF (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #8: Diversified Royalty Corp. (BEVFF)

Diversified Royalty is a Canadian royalty agency that acquires trademark and royalty rights from multi-location companies and franchisors throughout North America.

Its portfolio contains a mixture of service, retail, and consumer-facing manufacturers comparable to Mr. Lube + Tires, Sutton, Oxford Studying, Mr. Mikes, Nurse Subsequent Door, Stratus, BarBurrito, and the AIR MILES Reward Program.

The corporate earns royalty earnings based mostly on system gross sales, agent counts, or mounted funds relying on the companion, and dietary supplements this with administration charges. Its mannequin is structured round long-term royalty agreements that sometimes include inflation-linked or mounted annual escalators.

On March nineteenth, 2026, Diversified Royalty reported its This fall and full-year outcomes. Adjusted income for the quarter rose to about $14.63 million, reflecting continued contributions from Mr. Lube + Tires, Oxford, and the contractual annual will increase from Stratus, Sutton, Nurse Subsequent Door, and BarBurrito.

Adjusted royalty earnings reached $14.6 million, pushed by steady efficiency throughout the portfolio and partly offset by ongoing softness at AIR MILES.

Distributable money rose to roughly $9.75 million, or about $0.0574 per share vs. $0.0544 within the prior yr’s quarter.

For FY2026, we count on $0.15 in distributable money per share.

Click on right here to obtain our most up-to-date Positive Evaluation report on BEVFF (preview of web page 1 of three proven beneath):

Most secure Month-to-month Dividend Inventory #7: Extendicare, Inc. (EXETF)

Extendicare is a number one supplier of long-term care (LTC) and residential well being care companies in Canada, specializing in delivering high-quality care to seniors.

On the finish of final yr, Extendicare operated 122 LTC houses, comprising 51 houses owned by the corporate and 71 underneath administration contracts.

Additional, Extendicare supplies house well being care companies by way of ParaMed, delivering 11 million hours of care final yr.

The corporate additionally gives managed companies to 3rd events and joint ventures by way of Extendicare Help and SGP, which give administration, consulting, and procurement companies throughout Canada.

On February twenty sixth, 2026, Extendicare posted its This fall and full-year outcomes for the interval ending December thirty first, 2025. In This fall, the corporate generated 337.3 million in income, an 18.0% improve from 285.9 million in This fall 2024.

Development was pushed by the LTC Acquisition and the Closing the Hole transaction, LTC funding enhancements, natural house well being care ADV progress of 15.3% (27.3% together with CTG), greater invoice charges, and flow-through funding timing.

Working bills rose to 289.3 million, reflecting greater labor prices from elevated house well being volumes, greater LTC care hours, wage will increase, and acquisition impacts.

Web working earnings elevated to 48.0 million, up 22.1% yr over yr, whereas adjusted EBITDA grew to 36.1 million (10.7% margin).

Web earnings have been 18.7 million, or $0.21 per primary share, in comparison with 14.5 million, or $0.17 per primary share, in This fall 2024. For FY2025, EPS was $0.81.

For FY2026, we count on EPS of $1.06.

Click on right here to obtain our most up-to-date Positive Evaluation report on EXETF (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #6: Savaria Company (SISXF)

Savaria Company is a number one supplier of mobility options, specializing in accessibility merchandise comparable to stair lifts, house and business elevators, platform lifts, and medical beds.

Headquartered in Canada, Savaria serves a rising market of aged and bodily challenged people. The corporate has expanded considerably over time, each organically and thru acquisitions, positioning itself as a key participant within the accessibility market.

SISXF has elevated its dividend for 13 consecutive years in its house foreign money.

On Could sixth, 2026, Savaria reported its Q1 outcomes for the interval ending March thirty first, 2026. Income grew to $171.7 million, pushed by natural progress of 5.7%, a 0.6% optimistic FX impression, and a 0.7% contribution from acquisitions. Gross revenue reached $66.9 million, leading to a gross margin of 38.9%.

Working earnings rose to $24.1 million, whereas Adjusted EBITDA grew to $35.1 million, sustaining a margin of 20.4%. Web earnings for the quarter have been $16.6 million or $0.23 per share (diluted), in comparison with $0.12 per share in Q1 2025.

Click on right here to obtain our most up-to-date Positive Evaluation report on SISXF (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #5: EPR Properties (EPR)

EPR Properties is a specialty actual property funding belief, or REIT, that invests in properties in particular market segments that require business information to function successfully.

It selects properties it believes have sturdy return potential in Leisure, Recreation, and Schooling. The REIT constructions its investments as triple web, a construction that locations the working prices of the property on the tenants, not the REIT.

The portfolio contains about $7 billion in investments throughout 300+ areas in 44 states, together with over 250 tenants. Whole income must be in extra of $750 million this yr.

EPR posted fourth quarter and full-year earnings on February twenty sixth, 2026. FFO-per-share got here to $1.30, which was as anticipated.

Income was up 3.2% year-over-year to $183 million, beating estimates by $1 million. Rental income was up $8 million year-over-year.

For the yr, FFO got here to $5.12 per share, up from $4.87 a yr in the past. Disposition proceeds have been $35 million for the quarter and $168 million a yr in the past.

The corporate additionally introduced that it’s buying seven regional amusement parks from Six Flags Leisure (FUN) for a gross quantity of $342 million. This might be the most important acquisition since 2017.

EPR boosted its dividend by 5% to a brand new payout of $3.72 yearly, its fifth consecutive yr of will increase.

Click on right here to obtain our most up-to-date Positive Evaluation report on EPR (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #4: STAG Industrial (STAG)

STAG Industrial is an proprietor and operator of business actual property. It’s targeted on single-tenant industrial properties and has 563 buildings throughout 41 states in america.

The main target of this REIT on single-tenant properties may create greater danger, as they’re both absolutely occupied or fully vacant. Nevertheless, STAG Industrial executes a deep quantitative and qualitative evaluation on its tenants.

Consequently, it has incurred credit score losses which were lower than 0.1% of its revenues since its IPO. As per the newest knowledge, 53% of the tenants are publicly rated and 31% of the tenants are rated “funding grade.”

In late April, STAG Industrial reported (4/28/26) outcomes for the primary quarter of 2026. Core FFO per share grew 7% over the prior yr’s quarter, from $0.61 to $0.65, beating the analysts’ consensus by $0.01, due to hikes in lease charges.

Web working earnings grew 4% over the prior yr’s quarter despite the fact that the occupancy fee decreased sequentially from 96.4% to 95.1%. Curiosity expense elevated 10% year-on-year as a result of excessive rates of interest.

Click on right here to obtain our most up-to-date Positive Evaluation report on STAG (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #3: Predominant Road Capital (MAIN)

Predominant Road Capital Company is a Enterprise Growth Firm (BDC) that gives long-term debt and fairness capital to decrease center market corporations and debt capital to center market corporations.

Predominant Road defines decrease center market corporations as usually having annual revenues between $10 million and $150 million.

The corporate’s investments sometimes assist administration buyouts, recapitalizations, progress financings, refinancing, and acquisitions.

On February twenty sixth, 2026, Predominant Road Capital reported fourth quarter 2025 outcomes. Web funding earnings of $92.1 million rose 6% in comparison with $86.7 million in This fall 2024.

The company generated web funding earnings per share of $1.03, up 5% year-over-year from $0.98 per share. Distributable web funding earnings per share totaled $1.09, 5% greater in comparison with This fall 2024.

Predominant Road’s web asset worth per share elevated 5.3% since December thirty first, 2024, from $31.65 to $33.33.

The company declared month-to-month dividends of $0.26 to be paid within the second quarter of 2026, that are 4% greater than these declared a yr in the past, in addition to a supplemental $0.30 dividend to be paid in March.

Click on right here to obtain our most up-to-date Positive Evaluation report on MAIN (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #2: Agree Realty (ADC)

Agree Realty Corp. (ADC) is an built-in actual property funding belief (REIT) targeted on possession, acquisition, growth, and retail property administration.

Agree has developed over 40 group buying facilities all through the Midwestern and Southeastern United States.

The corporate’s enterprise goal is to spend money on and actively handle a diversified portfolio of retail properties web leased to business tenants.

Agree Realty has paid a rising dividend for 14 consecutive years.

As of March 31, 2026, the corporate owned 2,756 properties throughout all 50 states totaling roughly 57.5 million sq. ft, with occupancy at 99.7% and a weighted-average lease time period of seven.8 years.

Roughly 65.4% of annualized base lease got here from investment-grade tenants, together with main retailers comparable to Walmart, Tractor Provide Firm, Greenback Normal, and The House Depot.

On April twenty first, 2026, Agree Realty Corp. reported first quarter outcomes for Fiscal Yr 2026. The corporate reported sturdy first-quarter 2026 outcomes pushed by continued acquisition exercise, portfolio progress, and disciplined stability sheet administration.

Income elevated 18.7% yr over yr to $200.8 million, whereas diluted EPS rose 19.1% to $0.50 per share. Core FFO elevated 21.0% to $136.3 million, or $1.13 per share, and AFFO elevated 20.7% to $137.6 million, or $1.14 per share.

The corporate additionally raised its month-to-month dividend to $0.267 per share for April 2026, representing a 4.3% year-over-year improve.

The corporate maintained its 2026 AFFO steerage vary of $4.54 to $4.58 per share and expects acquisition quantity between $1.4 billion and $1.6 billion for the total yr.

Click on right here to obtain our most up-to-date Positive Evaluation report on ADC (preview of web page 1 of three proven beneath):

Extremely Protected Month-to-month Dividend Inventory #1: Realty Revenue (O)

Realty Revenue (O) is a retail actual estate-focused REIT that has grow to be well-known for its profitable dividend progress historical past and month-to-month dividend funds.

As we speak, it owns over 15,500 properties all through the U.S., the U.Okay., and Continental Europe.

Realty Revenue owns retail properties that aren’t a part of a wider retail growth (comparable to a mall) however as a substitute are standalone properties.

Its properties vary from 7-Eleven comfort shops (its largest tenant) all the way in which as much as a 21.9% stake within the world-famous Bellagio resort and on line casino in Las Vegas.

On Could sixth, O launched its monetary outcomes for the primary quarter ended March thirty first, 2026. Whole income rose by 12.2% year-over-year to $1.55 billion within the quarter.

The first progress catalyst for O was the carryover impact of its $6.2 billion in funding quantity in 2025 (a selectivity fee of merely 5%), in addition to its $2.6 billion in pro-rata funding quantity in Q1 2026 (with a selectivity fee of 9%).

Contractual lease will increase additionally resulted in 0.8% same-store rental income progress throughout the quarter. The recapture fee was 103.4% in Q1 2026.

The REIT’s occupancy fee additionally ticked up 40 foundation factors over the year-ago interval to 98.9% within the quarter. O’s AFFO per share grew by 6.6% year-over-year to $1.13 throughout the quarter.

Click on right here to obtain our most up-to-date Positive Evaluation report on Realty Revenue (preview of web page 1 of three proven beneath):

Closing Ideas

Month-to-month dividend shares will be a beautiful choice for traders looking for a gentle supply of earnings all year long.

Whereas no funding comes with out danger, some month-to-month dividend shares have demonstrated a historical past of economic stability, constant earnings, and dependable dividend funds.

Our record of the ten most secure month-to-month dividend shares contains corporations from a wide range of industries that rank extremely based mostly on their payout ratios and excessive yields.

However, there are quite a few different month-to-month dividend shares obtainable, every with its distinctive danger components. Month-to-month dividend shares carry elevated dangers, so traders ought to you should definitely conduct thorough analysis earlier than shopping for.

Extra Studying

Don’t miss the assets beneath for extra month-to-month dividend inventory investing analysis.

And see the assets beneath for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.