The 5 Best Monthly Dividend Paying Stocks

For the period, the company generated approximately $13.5 million of total investment income, up 4.7% from the previous quarter. The rise in total investment income was due to rising interest rates. Specifically, the weighted average yield of the debt investments came in at 12.8% at current cost, compared to 12.4% during Q1-2023.

Gladstone Commercial has also been one of the most consistent monthly dividend stocks, paying one uninterrupted since January 2005. You calculate dividend yield by dividing the annual dividend amount by the stock’s share price. The yield is akin to the interest rate you earn on your savings account. So if you see a company paying a 3% dividend, you will earn a 3% return on your money from the dividend alone. Let’s take a closer look at each of these top monthly dividend stocks. Each offers a much higher dividend yield than the average stock in the S&P 500 (1.6% as of May 18, 2023).

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• BDCs tend to invest in debt and debt-related vehicles, providing holders with regular returns.
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• However, in the worst case scenario, the company may make the decision to stop issuing a dividend altogether.
• Many stocks pay regular quarterly dividends, but that is not always helpful for investors dealing with recurring monthly medical expenses and other regular bills.

Fidelity Investments also weighed up the dividend companies’ performance in its September report. The report mentioned that dividends represented 40% of the stock market returns since 1930 and 54% during decades of high inflation. It also mentioned that companies that raise What is price action in forex their dividends during inflationary periods outperform the broader market because of positive investor sentiment. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.

Cross Timbers Royalty Trust (NYSE:CRT)

The company is now stating that they expect to deliver adjusted EBITDA growth in fiscal 2021, along with free cash flow of approximately C$800 million, which supports current dividend levels. STAG Industrial has grown its FFO at a 5.7% average annual rate in the last seven years. We expect 5% annual FFO-per-share growth over the next five years, as it operates in a large and growing market.

In other words, it’s unlikely STAG will be running out of opportunities any time soon. Monthly dividend payer Stag Industrial (STAG, $36.90) proactively benefits from the rise of internet commerce. But in a market where the yield on the S&P 500 is currently 1.5%, that’s certainly welcome.

In the full year, the REIT collected 97.9% of total billings for office, 80.8% of billings for retail and 94.8% of total billings. Shaw reported fiscal 2021 first-quarter results in late January. Consolidated revenue decreased psychology of a trader by 0.9% to $1.37 billion, while consolidated net income increased 0.6% and adjusted EBITDA increased 3.2% year-over-year. Our partners cannot pay us to guarantee favorable reviews of their products or services.

AGNC Investment (AGNC)

The ETF is up close to 2% in the past 52 weeks, and the dividend yield stands at 3.8%. Those investors in search of monthly yields should research the fund further. To support this healthy yield, Shaw is one of the largest cable companies in Canada. It provides internet, television and phone services in Alberta, British Columbia, Manitoba, Saskatchewan and Ontario. The company leases its properties out to clients in a wide range of industries, as well. This also adds diversification benefit and another layer of stability.

High-Yield Monthly Dividend Stock #20: Sabine Royalty Trust (SBR)

Dividend yield offers another way to evaluate dividend stocks. In this article, we discuss 25 highest-paying monthly dividend stocks. You can skip our detailed analysis of dividend stocks and their returns in the past, and go directly to read 10 Highest-Paying Monthly Dividend Stocks.

The stock is trading below its 52-week high, but it has beaten the S&P 500 by an average of three percentage points per year over the last 10 years. MCHP is a semiconductor company that makes microcontrollers and microprocessors, data converters, LED drivers, memory products, power management products and more. Broadcom is a semiconductor company with a wide array of product offerings.

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT)

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. Ellington’s book value per share fell from $15.10 to $14.70 during the last three months, with its dividends exceeding the underlying income. 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. The company also has performed well to start 2020, especially given the difficult business conditions due to coronavirus.

How To Invest In Dividend Stocks

The high payout ratios and shorter histories of most monthly dividend securities mean they tend to have elevated risk levels. Or, use the table below to quickly jump to analysis on any of the top 10 best monthly dividend stocks as ranked by expected total returns. This research report examines the 10 monthly dividend stocks from our Sure Analysis Research Database with the highest 5-year forward expected total returns.

Monthly dividends are great for income because they tend to be higher-yielding assets and pay a regular monthly dividend. Income-oriented investors may find them attractive, specifically those who plan to live off the distributions. A BDC is a business development company and is a form of closed-end fund.

M & T Bank is Buffalo, New York-based and offers banking services in 12 states, mostly along the East Coast. The stock trades with a price-earnings ratio of 7.49 and at 88% of its book value. Earnings this year are up by 40.75% and up over the past 5 years by 5.79%. Compounding, or reinvesting dividends, is a pillar of investing. Monthly dividend stocks allow quicker compounding and more significant returns over time because they pay out more frequently.

On August 1st, 2023, Horizon released its Q2 results for the period ending June 30th, 2023. This article will list the 20 day trading forex highest-yielding monthly dividend stocks. STAG is one of the top monthly dividend stocks to buy, with a yield of 3.2%.

If a company’s dividend yield is much higher than that of similar companies, it could be a red flag. At the very least, it’s worth additional research into the company and the safety of the dividend. You can screen for stocks that pay dividends on many financial sites, as well as on your online broker’s website.