Updated on June 6th, 2022 by Bob Ciura
Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers.
For this reason, we created a full list of 49 monthly dividend stocks.
You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter like dividend yield and payout ratio) by clicking on the link below:
In addition, stocks that have high dividend yields are also attractive for income investors.
With the average S&P 500 yield hovering around 1.5%, investors can generate much more income with high-yield stocks.
Screening for monthly dividend stocks that also have high dividend yields makes for an appealing combination.
This article will list the 20 highest-yielding monthly dividend stocks.
Table Of Contents
The following 20 monthly dividend stocks have high dividend yields above 5%. Stocks are listed by their dividend yields, from lowest to highest.
You can instantly jump to an individual section of the article by utilizing the links below:
High-Yield Monthly Dividend Stock #20: Gladstone Capital Corp. (GLAD)
Gladstone Capital is a business development company, or BDC, that primarily invests in small and medium businesses. These investments are made via a variety of equity (10% of portfolio) and debt instruments (90% of portfolio), generally with very high yields. Loan size is typically in the $7 million to $30 million range and has terms up to seven years.
Source: Investor Presentation
Gladstone reported second quarter earnings on May 3rd, 2022, and results handily beat expectations on both the top and bottom lines. The company reported net investment income of 25 cents per share, which was a nickel ahead of expectations. In addition, total investment income, which is equivalent to revenue for a BDC, was up 34% year-over-year to $17.3 million, and $2.6 million ahead of estimates.
Gladstone noted that interest income was essentially flat quarter-over-quarter, but that other income was up by $1 million, or 30%, due to success fees received in connection with the repayment of a debt investment in NetFortris. Total expenses were up 22% due to a $1.8 million increase in the net base management fee as the reduction in new deal originations and closing fees reduced portfolio company fee credits.
Net assets resulting from operations increased $8.3 million, or 24 cents per share. The gain was driven by $8.7 million of net investment income, partially offset by a $0.4 million net asset depreciation.
Click here to download our most recent Sure Analysis report on GLAD (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #19: Gladstone Commercial Corp. (GOOD)
Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S. The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.
The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.
Source: Investor Presentation
Gladstone reported first quarter earnings on May 4th, 2022, and results were weaker than expected on both revenue and earnings. FFO-per-share came to 40 cents, which was one cent lower than estimates. Revenue was $35.53 million, which was up fractionally year-over-year, but missed estimates by $610k.
The company noted it collected 100% of cash rents during all three months of the first quarter. Core FFO was up 1.3% year-over-year, primarily due to the additional lease revenue from acquisitions during the quarter. Gladstone acquired two fully-occupied industrial properties during the quarter, containing 136k square feet for $13.3 million. The weighted average cap rate on the properties was 6.58%.
Click here to download our most recent Sure Analysis report on GOOD (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #18: Cross Timbers Royalty Trust (CRT)
Cross Timbers is an oil and gas trust (about 50/50), set up in 1991 by XTO Energy. Unit holders have a 90% net profit interest in producing properties in Texas, Oklahoma, and New Mexico; and a 75% net profit interest in working interest properties in Texas and Oklahoma.
The trust’s assets are static in that no further properties can be added. The trust has no operations but is merely a pass–through vehicle for the royalties. CRT had royalty income of $5.3 million in 2020 and $7.4 million in 2021.
In late March, CRT reported (3/29/22) financial results for the full fiscal 2021. Production of oil and gas plunged 54% and 24%, respectively, over the prior year, primarily due to the natural decline of the fields. However, the average realized prices of oil and gas grew 57% and 132%, respectively, thanks to the strong recovery of the energy market from the pandemic.
As a result, distributable cash flow per unit grew 43%, from $0.77 to $1.10. The trust does not provide any guidance for the running year.
Click here to download our most recent Sure Analysis report on CRT (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #17: PermRock Royalty Trust (PRT)
PermRock Royalty Trust is a trust formed in November 2017 by Boaz Energy, a company that is focused on the acquisition, development and operation of oil and natural gas properties in the Permian Basin. The Trust derives all its cash flows from profits from the sale of oil and natural gas production from these properties and distributes dividends monthly.
The trust reported full year 2021 results for the period ending December 31st. Net profits income received by the trust was $8.14 million for the year, compared to $3.18 million in 2020. Significant increases in oil and natural gas sales volumes and prices led to a massive year-over-year improvement. The average realized sale price of oil ($/Bbl) was $60.13 during the year, a 48% increase compared to the price of $40.56 in 2020. The average realized sale price of natural gas also shot up massively, from $1.59 to $4.31.
Distributable income for the trust came to $7.37 million, up from $1.91 million in 2020. Distributable income per unit of $0.61 was up from $0.16 in the prior year.
Click here to download our most recent Sure Analysis report on PRT (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #16: San Juan Basin Royalty Trust (SJT)
San Juan Basin Royalty Trust is a medium sized gas trust (it produces a negligible amount of oil), set up by Southland Royalty Company. The producing properties are all in northern New Mexico, in the San Juan Basin. They are currently operated by Hilcorp San Juan, L.P., which acquired the interests in 2017.
The trust’s assets are static in that no further properties can be added. The trust has no operations, but is merely a pass–through vehicle for the royalties. SJT had royalty income of $37.6 million in 2020.
In late March, SJT reported (3/31/2022) financial results for the full fiscal 2021. Thanks to the impressive rally of the price of natural gas, which has resulted from pent-up demand after the pandemic and tight supply, distributable income per unit grew from $0.159 in 2020 to $0.77 in 2021. Even better, the price of natural gas has remained around multiyear highs this year thanks to strong demand and tight supply.
Click here to download our most recent Sure Analysis report on SJT (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #15: Stellus Capital (SCM)
Stellus Capital Management is BDC, that provides capital solutions to companies with $5 million to $50 million of EBITDA and does so with a variety of instruments, the majority of which are debt.
Stellus provides first lien, second lien, mezzanine, convertible debt, and equity investments to a diverse group of customers, generally at high yields, in the US and Canada.
Source: Investor Presentation
The company was formed in 2012, and should produce about $67 million in annual revenue. Stellus reported fourth quarter and full-year earnings on March 1st, 2022, and results were better than expected for both revenue and earnings.
Total investment income for the fourth quarter was $63.7 million, which was $1.2 million ahead of expectations. Net investment income on an adjusted basis was $1.22 for the full year, which was a very strong 14 cents better than expected. The $7 million increase in investment income for the year was due mostly to higher interest income from portfolio investments.
The company saw a net increase in assets from operations of $33.6 million, or $1.72 per share. These were up from $20.2 million, or $1.04 in 2020, respectively.
Click here to download our most recent Sure Analysis report on SCM (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #14: Sabine Royalty Trust (SBR)
Sabine Royalty Trust is an oil and gas trust set up in 1983 by Sabine Corporation. At initiation, the trust had an expected reserve life of 9 to 10 years; the current estimated life of the trust is 8 to 10 years.
The trust consists of royalty and mineral interests in producing properties and proved oil and gas properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. It is roughly 2/3 oil and 1/3 gas in terms of revenues.
The trust’s assets are static in that no further properties can be added. The trust has no operations but is merely a pass-through vehicle for royalties. SBR had royalty income of $60.9 million in 2021.
In late March, SBR reported (3/25/22) financial results for the full fiscal 2021. Oil Production fell -10% over the prior year but production of gas grew 25%. In addition, the average realized prices of oil and gas grew 39% and 88%, respectively, thanks to the strong recovery of the energy market from the pandemic. As a result, distributable cash flow per unit grew 74%, from $2.28 to $3.97.
Moreover, the price of oil has rallied to a nearly 13-year high this year due to the invasion of Russia in Ukraine and tight global supply. This is a strong tailwind for SBR, which is likely to post 10-year high distributable cash flow per unit this year.
Click here to download our most recent Sure Analysis report on SBR (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #13: Prospect Capital (PSEC)
Prospect Capital Corporation is BDC that provides private debt and private equity to middle–market companies in the U.S. The company focuses on direct lending to owner–operated companies, as well as sponsor–backed transactions.
Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional equity investments. The company produces about $680 million in annual revenue.
Source: Investor Presentation
PProspect reported third quarter earnings on May 9th, 2022 with results coming in better than expected on both revenue and profits. Net investment income, or NII, came to 22 cents per share, beating estimates by four cents. Total investment income was $181 million, up 14% year-over-year and almost $11 billion better than expected.
NII per share was up from 19 cents in the year-ago period, and net asset value was up to $10.81 per share from $9.38 a year ago. Operating expenses were $94.4 million, up from $86.1 million in last year’s Q1, helping to drive the earnings beat.
Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #12: Generation Income Properties (GIPR)
Generation Income Properties is an internally managed REIT focused on acquiring and managing income-producing retail, office, and industrial properties. As of March 31st, 2022, the company’s asset base portfolio included 12 properties, comprising one industrial, seven retail (including one medical-retail), and four office properties, which are net leased to high-quality tenants in major markets throughout the United States.
Source: Investor Presentation
These properties feature 322,854 leasable square feet and an annualized base rent of $4.9 million. The trust also owned a 36.8% tenancy in common interest in a single tenant retail building (approximately 15,300 square feet) leased to La-ZBoy Company. The trust generated $3.9 million in rental revenues last year and is based in Tampa, Florida.
On May 12th, 2022, Generation Income Properties reported its Q1 results for the period ending March 31st, 2022. Total revenues from operations came in at $1.2 million as compared to $937 thousand in the prior-year period. This represents a year-over-year increase of 26%, which was driven primarily by the acquisition of properties the company executed over the past four quarters.
Core AFFO came in at $0.04 per share, lower from last year’s $0.21 per share. At the end of the quarter, 100% of the company’s portfolio was leased, with all rents due collected.
Click here to download our most recent Sure Analysis report on GIPR (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #11: PennantPark Floating Rate (PFLT)
PennantPark Floating Rate Capital Ltd. is a BDC that makes secondary direct, debt, equity, and loan investments.
The fund also aims to invest through floating rate loans in private or thinly traded or small–cap, public middle market companies, equity securities, preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.
Source: Investor Presentation
It generally invests in the United States and to a limited extent non–U.S. companies. It aims to invest in companies not rated by national rating agencies.
PennantPark Floating Rate reported second quarter earnings on May 4th, 2022. Total investment income for the quarter came in at $24.6 million, up by 26.7% from $19.4 million in the year-ago quarter. Adjusted net asset value per share stood at $12.41.
Moreover, the company invested $113.2 million during the quarter in seven new and twenty-nine existing portfolio companies with a weighted average yield on debt investments of 7.2%. That said, the company’s sales and repayments of investments for the same period totaled $103.9 million. Cash and cash equivalents at quarter end stood at $50.1 million. Meanwhile, FQ2 net investment income increased to $0.29 from $0.26 in the year-ago period.
Finally, PennantPark’s portfolio totaled $1,192.6 million, which includes $1,031.9 million of first lien secured debt, $1.0 million of second lien secured debt and $159.6 million of preferred and common equity.
Click here to download our most recent Sure Analysis report on PFLT (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #10: Dynex Capital (DX)
Dynex Capital invests in mortgage–backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non–agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest–only securities.
Source: Investor Presentation
Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government–sponsored entity, such as Fannie Mae and Freddie Mac. Non–Agency MBS have no such guaranty of payment.
Q4 earnings per share came in at $0.45, down from $1.97 in the year-ago period. Net interest income increased 8.3% to $15.6 million year-over-year and adjusted net interest income decreased to $25.1 million from $97.9 million year-over-year.
The trust also reported 5.8x in leverage as of December 31, 2021, compared to 5.9x as of September 30, 2021. Meanwhile, book value per common share stood at $17.99 at quarter end, down from $18.42 sequentially.
Click here to download our most recent Sure Analysis report on DX (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #9: Horizon Technology (HRZN)
Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.
Source: Investor Presentation
The company has generated attractive risk–adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants, featuring a last–nine–month annualized portfolio yield of 14.7%.
The company has exceeded the typical industry average IRR of around 10% from its loan coupons by engaging in commitment fees, guidance fees, and potential equity rights, maximizing its total yield. Horizon Technology has gross investment income of around $47 million annually.
On May 3rd, 2022, Horizon released its Q1 results for the period ending March 31st, 2021. Total investment income grew 7.5% year-over-year to $14.2 million primarily due to growth in interest income on investments resulting from an increase in the average size of the debt investment portfolio.
However, net investment income per share (ISS) declined to $0.26, five cents lower compared to Q1-2021. This was due to a 16.6% increase in total expenses and a higher share count. Net asset value (NAV) per share came in at $11.68, compared to $11.56 in the previous quarter, nonetheless.
After paying its monthly distributions, Horizon’s undistributed spillover income as of December 31st was $0.47 per share, indicating a considerable cash cushion. The portfolio remained relatively stable, holding 86 businesses at the end of the quarter.
Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #8: Oxford Square Capital (OXSQ)
Oxford Square Capital Corp. is a BDC specializing in financing early and middle–stage businesses through loans and CLOs.
The company holds an equally split portfolio of First–Lien, Second–Lien, and CLO equity assets spread across 8 industries, with the highest exposure in business services and healthcare, at 36% and 25%, respectively.
On April 28th, Oxford Square reported its Q1 results for the period ending March 31st, 2022. The company generated approximately $9.9 million of total investment income, a decline of 2.9% compared to the previous quarter. The decline on a sequential basis was attributed to a smaller debt and CLO equity portfolio, despite a higher investment yield.
Specifically, the weighted average yield of its debt investments was 8.0% at the current cost, compared to 7.7% during Q4-2021. The cash distribution yield from OXSQ’s CLO equity investments also increased from 21.2% to 23.8% sequentially.
Total expenses, which primarily includes interest paid on its own financing and managers’ fees, amounted to $5.5 million, were $0.1 million lower versus Q4-2021. As a result of lower total investment income, however, NII (the net investment income) amounted to $4.3 million, or $0.09/share, implying a 4.4% decline sequentially. Net asset value (NAV) per share was $4.65 compared to $4.92 last quarter, as DPS once again exceeded NII/share during that period.
Click here to download our most recent Sure Analysis report on OXSQ (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #7: SLR Investment Corp. (SLRC)
SLRC is a Business Development Company that primarily invests in U.S. middle market companies. The company has five core business units which include cash flow, asset-based, life science lending, equipment finance, and corporate leasing.
The trust’s debt investments primarily consist of cash flow senior secured loans, including first lien and second lien debt instruments. It also offers asset-based loans including senior secured loans collateralized on a first lien basis by current assets.
The company trades on the NASDAQ under the ticker symbol SLRC. SLRC is externally managed by SLR Capital Partners, an independent investment advisor founded in 2006. SLR has a team of roughly 300 employees which includes over 130 origination and investment professionals in over twelve offices across the U.S.
The company’s comprehensive investment portfolio was comprised 99% of senior secured loans, with only 1% allocated to equity and equity-like securities. The investment portfolio was valued at nearly $2.1 billion as of December 31st, 2021. Floating rate investments made up 54% of the portfolio. And to note, the portfolio was diversified across roughly 600 unique issuers across 80 industries.
High-Yield Monthly Dividend Stock #6: Broadmark Realty Capital (BRMK)
Broadmark Realty Capital Inc. is a real estate investment trust that provides short-term, first deed of trust loans that are secured by real estate. Customers use these loans to acquire, renovate, rehab and develop properties for both residential and commercial uses in the U.S. Broadmark Realty formed in 2010, but had its initial public offering in November 2019.
Source: Investor Presentation
On May 9th, 2022, Broadmark Realty reported first quarter results for the period ending March 31st, 2022. For the quarter, revenue grew 1.4% to $29.87 million, which was $2.2 million lower than expected. Adjusted earnings per share of $0.17 compared unfavorably to adjusted earnings per share of $0.18 in the prior period and was $0.02 below estimates.
Broadmark Realty originated $189.6 million of new loans and amendments for the quarter. First quarter origination was a 24% decrease sequentially and at a weighted average loan to value of 61.8%. Quarterly interest income totaled $24.1 million and fee income was $5.8 million. The total portfolio consisted of $1.6 billion of loans across 20 states and the District of Columbia.
As of March 31st, 2022, Broadmark Realty had a total of $187.8 million of loans in contractual default. The trust resolved $36 million of loans in contractual default during the quarter. Provisions for credit losses totaled $1.75 million compared to $2.71 million in the first quarter of 2021.
Click here to download our most recent Sure Analysis report on BRMK (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #5: Ellington Financial (EFC)
Ellington Financial Inc. acquires and manages mortgage, consumer, corporate, and other related financial assets in the United States. The company acquires and manages residential mortgage–backed securities (RMBS) backed by prime jumbo, Alt–A, manufactured housing, and subprime residential mortgage loans.
Additionally, it manages RMBS, for which the U.S. government guarantees the principal and interest payments. It also provides collateralized loan obligations, mortgage–related and non–mortgage–related derivatives, equity investments in mortgage originators and other strategic investments.
On May 5th, 2022, Ellington Financial reported its Q1 results for the period ending March 31st, 2022. Interest income came in at $44.5 million, a 6.9% higher quarter-over-quarter. However, core earnings per share came in at $0.40, four cents lower versus Q4-2021 due to increased expenses and a higher share count.
Most of the growth this past quarter is a direct result of higher loan origination activity and robust performance from Ellington’s small balance commercial mortgage loans, residential transition loans, and consumer loans.
Specifically, Ellington’s total long credit portfolio grew by 11% to $2.3 billion sequentially. Ellington’s book value per share declined from $18.39 to $17.74 during the last three months, with its dividend exceeding the underlying earnings.
Click here to download our most recent Sure Analysis report on EFC (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #4: Ellington Residential Mortgage REIT (EARN)
Ellington Residential Mortgage REIT acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. government–sponsored enterprise.
Ellington Residential Mortgage REIT is externally managed by Ellington Residential Mortgage Management LLC. The mortgage REIT has an agency residential mortgage–backed securities (RMBS) portfolio of $1.2 billion and a non–agency RMBS portfolio of $9.1 million. Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.
On May 2nd, 2022, Ellington Residential reported its Q1 results for the period ending March 31st, 2022. The company booked a $(1.33) net loss per share for Q1. Core earnings of $3.9 million this quarter led to core EPS of $0.30 per share, which covers the dividend paid in the period.
EARN achieved a net interest margin of 1.76% in Q1. At quarter end, Ellington had $29.9 of cash, cash equivalents, and other liquidity, and $11.3 million of other unencumbered assets. The debt-to-equity ratio was 9.1x. Book value per share declined from the prior quarter to $10.14, a 14% decrease.
Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #3: AGNC Investment Corporation (AGNC)
American Capital Agency Corp is a mortgage real estate investment trust that invests primarily in agency mortgage–backed securities (or MBS) on a leveraged basis.
The firm’s asset portfolio is comprised of residential mortgage pass–through securities, collateralized mortgage obligations (or CMO), and non–agency MBS. Many of these are guaranteed by government–sponsored enterprises.
The majority of American Capital’s investments are fixed–rate agency MBS. Most of these are MBS with a 30–year maturity period. American Capital derives nearly all its revenue in the form of interest income.
AGNC reported its Q1 2022 results on May 2, 2022. Q1 net spread and dollar roll income per share stood at 72 cents, down from 75 cents in the year-ago period. Tangible net book value stood at $13.12 as of March 31, 2022. Economic return on tangible common equity stood at -14.4% compared to -1.8% sequentially.
AGNC also reported a net loss per common share of $(1.29). The company’s investment portfolio as of March 31, 2022, stood at $68.6 billion. Meanwhile, cash and unencumbered agency MBS amounted approximately $3.5 billion at quarter end.
Click here to download our most recent Sure Analysis report on AGNC (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #2: ARMOUR Residential REIT (ARR)
ARMOUR is a mortgage REIT that invests primarily in residential mortgage–backed securities that are guaranteed or issued by a United States government entity including Fannie Mae, Freddie Mac and Ginnie Mae.
ARMOUR reported Q1 results on April 27th, 2022. The trust’s net interest income stood at $30.9 million. Liquidity including cash and unencumbered securities amounted to $628.3 million with $8.48 in book value per common share at quarter end. Q1 distributable earnings per share stood at 28 cents while the debt-to-equity ratio stood at 6.3-to-1 and leverage, including TBA Securities stood at 7.0-1.
Source: Investor Presentation
Meanwhile, net interest margin increased to 1.78%, up 3 basis points quarter-over-quarter. Portfolio composition was 85% agency mortgage-backed securities, including TBA securities. Comprehensive loss stood at $(148) million, representing (60%) annualized return based on stockholder’s equity at the beginning of the quarter.
Finally, interest rate swap contracts amounted to $7.4 billion which represents 103% of total repurchase agreement and TBA Securities liabilities.
Click here to download our most recent Sure Analysis report on ARR (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #1: Orchid Island Capital (ORC)
Orchid Island Capital, Inc. is a mortgage REIT. As such, Orchid Island does not own any physical properties.
Instead, it is an externally managed REIT (by Bimini Advisors LLC) that invests in residential mortgage–backed securities (RMBS), either pass–through or structured agency RMBSs. These are financial instruments that collect cash flow based on residential loans such as mortgages, including subprime, and home–equity loans.
On April 28th, 2022 Orchid Island Capital reported Q1 results. The company reported a Q1 net loss of $148.7 million. Net interest income increased to $39.2 million from $24.9 million year-over-year. Total expenses stood at $4.7 million. Moreover, net realized and unrealized losses stood at $183.2 million on RMBS and derivative instruments, including net interest expense on interest rate swaps.
Meanwhile, Q1 total return stood at (19.5%) while book value per common share stood at $3.34. The company also reported net portfolio loss of $144.03 million compared to $25.88 million net portfolio loss in the year-ago period.
ORC recently cut its dividend by 18%, although the stock still yields 17.8%.
Click here to download our most recent Sure Analysis report on ORC (preview of page 1 of 3 shown below):
Final Thoughts
Monthly dividend stocks could be more appealing to income investors than quarterly or semi-annual dividend stocks. This is because monthly dividend stocks make 12 dividend payments per year, instead of the usual 4 or 2.
Furthermore, monthly dividend stocks with high yields above 5% are even more attractive for income investors.
The 20 stocks on this list have not been vetted for dividend safety, meaning each investor should understand the unique risk factors of each company.
That said, these 20 dividend stocks make monthly payments to shareholders, and all have high dividend yields.
Further Reading
If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful:
The major domestic stock market indices are another solid resource for finding investment ideas. Sure Dividend compiles the following stock market databases and updates them monthly:
Thanks for reading this article. Please send any feedback, corrections, or questions to [email protected].
