Monthly Dividend-Paying Stocks

Monthly dividend stocks, which pay dividends every month of the year, can provide predictable income. Learn more about why you may want to invest in monthly dividend stocks.

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Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
San Juan Basin Royalty Trust stock logo
SJT
San Juan Basin Royalty Trust
$10.82
-0.2%
27.73%$3.00N/A112.46%13/30/2023
ARMOUR Residential REIT, Inc. stock logo
ARR
ARMOUR Residential REIT
$5.02
+4.6%
19.12%$0.9681.36%-17.54%N/AN/A
Orchid Island Capital, Inc. stock logo
ORC
Orchid Island Capital
$10.41
+3.2%
18.44%$1.92137.14%-18.12%N/A3/30/2023
Oxford Lane Capital Corp. stock logo
OXLC
Oxford Lane Capital
$5.12
+1.6%
17.58%$0.9076.27%-17.79%N/A4/13/2023
Ellington Financial Inc. stock logo
EFC
Ellington Financial
$11.59
+4.0%
15.53%$1.8096.77%-0.18%N/A3/30/2023
Eagle Point Credit Company Inc. stock logo
ECC
Eagle Point Credit
$10.88
+0.8%
15.44%$1.68111.26%-11.21%24/6/2023
SL Green Realty Corp. stock logo
SLG
SL Green Realty
$20.50
+2.6%
15.85%$3.25-280.17%0.42%N/A3/30/2023
AGNC Investment Corp. stock logo
AGNC
AGNC Investment
$9.79
+1.6%
14.71%$1.4464.86%-10.37%N/A3/30/2023
Delaware Investments Dividend and Income Fund, Inc. stock logo
DDF
Delaware Investments Dividend and Income Fund
$7.24
-2.6%
14.64%$1.06N/A-11.83%1N/A
Ellington Residential Mortgage REIT stock logo
EARN
Ellington Residential Mortgage REIT
$7.10
+2.0%
13.52%$0.9678.69%-4.12%N/A3/30/2023
Oxford Square Capital Corp. stock logo
OXSQ
Oxford Square Capital
$3.11
+1.9%
13.50%$0.42-24.56%-25.21%N/A4/13/2023
Dynex Capital, Inc. stock logo
DX
Dynex Capital
$11.75
+3.0%
13.28%$1.56200.00%-8.11%N/AN/A
Global X NASDAQ 100 Covered Call ETF stock logo
QYLD
Global X NASDAQ 100 Covered Call ETF
$16.92
+0.1%
12.23%$2.07N/AN/AN/AN/A
Invesco KBW High Dividend Yield Financial ETF stock logo
KBWD
Invesco KBW High Dividend Yield Financial ETF
$14.19
+2.2%
11.98%$1.70N/AN/AN/AN/A
PIMCO High Income Fund stock logo
PHK
PIMCO High Income Fund
$4.71
-1.1%
12.31%$0.58N/A-10.15%N/AN/A
PennantPark Floating Rate Capital Ltd. stock logo
PFLT
PennantPark Floating Rate Capital
$10.38
+1.4%
11.56%$1.2097.56%N/A1N/A
PIMCO Corporate & Income Opportunity Fund stock logo
PTY
PIMCO Corporate & Income Opportunity Fund
$12.25
-0.1%
11.67%$1.43N/AN/AN/AN/A
Special Opportunities Fund, Inc. stock logo
SPE
Special Opportunities Fund
$10.62
+0.8%
11.77%$1.25N/A27.87%N/AN/A
Horizon Technology Finance Co. stock logo
HRZN
Horizon Technology Finance
$11.77
+4.2%
11.21%$1.3282.50%0.83%14/17/2023
PIMCO Strategic Income Fund, Inc. stock logo
RCS
PIMCO Strategic Income Fund
$5.37
+0.9%
11.36%$0.61N/A-7.24%N/AN/A
PCM Fund Inc. stock logo
PCM
PCM Fund
$8.18
-2.9%
11.74%$0.96N/AN/AN/AN/A
Stellus Capital Investment Co. stock logo
SCM
Stellus Capital Investment
$14.07
+0.7%
11.37%$1.6095.24%-6.27%23/30/2023
PermRock Royalty Trust stock logo
PRT
PermRock Royalty Trust
$6.48
+2.0%
9.26%$0.60N/A11.66%N/A3/30/2023
VLT
Invesco High Income Trust II
$10.17
flat
11.41%$1.16N/AN/AN/AN/A
SLR Investment Corp. stock logo
SLRC
SLR Investment
$14.72
+1.2%
11.14%$1.6496.47%N/AN/AN/A
MFV
MFS Special Value Trust
$4.09
-1.5%
11.49%$0.47N/A-4.09%N/AN/A
CIF
MFS Intermediate High Income Fund
$1.66
-0.6%
10.84%$0.18N/A-7.38%N/AN/A
Cohen & Steers Total Return Realty Fund, Inc. stock logo
RFI
Cohen & Steers Total Return Realty Fund
$11.50
+1.9%
10.70%$1.23N/AN/AN/AN/A
Permianville Royalty Trust stock logo
PVL
Permianville Royalty Trust
$2.20
+1.8%
10.45%$0.23N/A12.94%N/A3/30/2023
Prospect Capital Co. stock logo
PSEC
Prospect Capital
$6.85
+1.0%
10.51%$0.7280.00%-9.14%N/A3/28/2023
BlackRock Capital Allocation Trust stock logo
BCAT
BlackRock Capital Allocation Trust
$14.51
-0.4%
10.54%$1.53N/AN/AN/AN/A
Gladstone Commercial Co. stock logo
GOOD
Gladstone Commercial
$12.19
+3.0%
9.84%$1.20-545.45%0.11%N/AN/A
Gladstone Capital Co. stock logo
GLAD
Gladstone Capital
$9.13
+1.4%
9.86%$0.9087.38%-1.20%2N/A
John Hancock Premium Dividend Fund stock logo
PDT
John Hancock Premium Dividend Fund
$11.85
+0.3%
9.87%$1.17N/AN/AN/AN/A
Broadmark Realty Capital Inc. stock logo
BRMK
Broadmark Realty Capital
$4.47
+3.4%
9.40%$0.4265.62%85.82%N/A3/30/2023
MIN
MFS Intermediate Income Trust
$2.79
+0.4%
9.69%$0.27N/A-6.92%N/AN/A
EPR Properties stock logo
EPR
EPR Properties
$35.29
+2.4%
9.35%$3.30131.47%-10.28%13/30/2023
VictoryShares US Small Cap Volatility Wtd ETF stock logo
CSA
VictoryShares US Small Cap Volatility Wtd ETF
$57.55
+1.0%
1.48%$0.85-42.08%N/AN/AN/A
Invesco KBW Premium Yield Equity REIT ETF stock logo
KBWY
Invesco KBW Premium Yield Equity REIT ETF
$17.14
+2.8%
8.93%$1.53N/AN/AN/AN/A
First Trust BuyWrite Income ETF stock logo
FTHI
First Trust BuyWrite Income ETF
$19.71
+0.4%
9.18%$1.81N/AN/A1N/A
Templeton Global Income Fund stock logo
GIM
Templeton Global Income Fund
$4.30
+1.9%
8.84%$0.38N/A-1.12%N/AN/A
MFS Multimarket Income Trust stock logo
MMT
MFS Multimarket Income Trust
$4.42
flat
9.28%$0.41N/A-5.40%N/AN/A
PFO
Flaherty & Crumrine Preferred Income Opportunity Fund
$7.60
-2.5%
9.47%$0.72N/A-0.47%N/A4/20/2023
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund stock logo
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
$43.37
+0.0%
2.88%$1.25N/AN/A1N/A
PPT
Putnam Premier Income Trust
$3.57
+0.6%
8.68%$0.31N/A-9.43%N/AN/A
BlackRock Debt Strategies Fund, Inc. stock logo
DSU
BlackRock Debt Strategies Fund
$9.25
-0.3%
8.65%$0.80N/A-5.81%2N/A
Mesa Royalty Trust stock logo
MTR
Mesa Royalty Trust
$15.77
+6.3%
7.61%$1.20N/A29.33%N/A3/30/2023
Putnam Master Intermediate Income Trust stock logo
PIM
Putnam Master Intermediate Income Trust
$3.15
-0.3%
8.25%$0.26N/A-9.82%N/AN/A
MGF
MFS Government Markets Income Trust
$3.30
+1.2%
8.18%$0.27N/A-6.70%N/AN/A
The New America High Income Fund Inc. stock logo
HYB
The New America High Income Fund
$6.45
flat
8.22%$0.53N/A-3.72%N/AN/A
Sabine Royalty Trust stock logo
SBR
Sabine Royalty Trust
$68.03
+0.5%
8.22%$5.5966.39%42.04%N/AN/A
First Trust Income Opportunity ETF stock logo
FCEF
First Trust Income Opportunity ETF
$18.68
flat
7.55%$1.41N/AN/A1N/A
Global X Alternative Income ETF stock logo
ALTY
Global X Alternative Income ETF
$11.01
+0.5%
7.45%$0.82N/AN/AN/AN/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$12.97
+0.9%
7.40%$0.9696.00%3.89%3N/A
EFAS
Global X MSCI SuperDividend EAFE ETF
$13.32
-0.8%
7.43%$0.99N/AN/A1N/A
Strategy Shares Nasdaq 7 Handl Index ETF stock logo
HNDL
Strategy Shares Nasdaq 7 Handl Index ETF
$19.79
+0.8%
7.38%$1.46N/AN/AN/AN/A
First Trust Tactical High Yield ETF stock logo
HYLS
First Trust Tactical High Yield ETF
$39.09
+0.1%
7.21%$2.82N/AN/AN/AN/A
DNP Select Income Fund Inc. stock logo
DNP
DNP Select Income Fund
$11.11
+0.3%
7.02%$0.78N/AN/AN/A3/30/2023
LTC Properties, Inc. stock logo
LTC
LTC Properties
$33.12
+3.1%
6.88%$2.28120.63%7.72%N/AN/A
Main Street Capital Co. stock logo
MAIN
Main Street Capital
$39.28
+1.6%
6.87%$2.7071.62%2.40%114/5/2023
Apple Hospitality REIT, Inc. stock logo
APLE
Apple Hospitality REIT
$14.06
+1.5%
6.83%$0.96105.49%-17.25%13/30/2023
SNLN
Highland/iBoxx Senior Loan ETF
$14.61
+0.2%
6.71%$0.98N/AN/A1N/A
iShares Preferred and Income Securities ETF stock logo
PFF
iShares Preferred and Income Securities ETF
$30.05
+0.4%
6.56%$1.97N/AN/AN/AN/A
BSJS
Invesco BulletShares 2028 High Yield Corporate Bond ETF
$20.60
-0.1%
6.12%$1.26N/AN/AN/AN/A
FEMB
First Trust Emerging Markets Local Currency Bond ETF
$27.22
-0.1%
5.99%$1.63N/AN/AN/AN/A
CID
VictoryShares International High Div Volatility Wtd ETF
$29.94
-0.4%
5.91%$1.77N/AN/A1N/A
Global X Nasdaq 100 Covered Call & Growth ETF stock logo
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
$24.77
+0.3%
5.85%$1.45N/AN/AN/AN/A
PMM
Putnam Managed Municipal Income Trust
$6.25
-4.8%
6.08%$0.38N/AN/AN/AN/A
Invesco Value Municipal Income Trust stock logo
IIM
Invesco Value Municipal Income Trust
$11.72
+0.5%
5.63%$0.66N/AN/AN/AN/A
DSM
BNY Mellon Strategic Municipal Bond Fund
$5.70
+0.7%
5.61%$0.32N/AN/AN/AN/A
Whitestone REIT stock logo
WSR
Whitestone REIT
$8.77
+3.4%
5.47%$0.48133.33%-25.05%24/3/2023
Putnam Municipal Opportunities Trust stock logo
PMO
Putnam Municipal Opportunities Trust
$10.59
-6.4%
6.04%$0.64N/AN/AN/AN/A
Invesco Municipal Opportunity Trust stock logo
VMO
Invesco Municipal Opportunity Trust
$9.44
+1.1%
5.51%$0.52N/AN/AN/AN/A
Invesco Municipal Trust stock logo
VKQ
Invesco Municipal Trust
$9.48
+0.7%
5.49%$0.52N/AN/AN/AN/A
Invesco Trust for Investment Grade Municipals stock logo
VGM
Invesco Trust for Investment Grade Municipals
$9.68
-0.4%
5.48%$0.53N/AN/AN/AN/A
WisdomTree Interest Rate Hedged High Yield Bond Fund stock logo
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
$20.15
-0.4%
5.51%$1.11N/AN/A1N/A
OIA
Invesco Municipal Income Opportunities Trust
$6.34
-0.6%
5.52%$0.35N/AN/AN/AN/A
CXE
MFS High Income Municipal Trust
$3.48
flat
5.46%$0.19N/AN/AN/AN/A
First Trust Senior Loan Fund stock logo
FTSL
First Trust Senior Loan Fund
$44.68
-0.2%
5.37%$2.40N/AN/AN/AN/A
BNY Mellon Strategic Municipals, Inc. stock logo
LEO
BNY Mellon Strategic Municipals
$6.13
+0.3%
5.22%$0.32N/AN/AN/AN/A
Delaware Investments National Municipal Income Fund stock logo
VFL
Delaware Investments National Municipal Income Fund
$10.34
+0.7%
5.22%$0.54N/AN/AN/AN/A
Vanguard Emerging Markets Government Bond Index Fund stock logo
VWOB
Vanguard Emerging Markets Government Bond Index Fund
$61.65
-0.5%
5.29%$3.26N/AN/AN/AN/A
CMU
MFS High Yield Municipal Trust
$3.14
+1.0%
5.10%$0.16N/AN/AN/AN/A
iShares Fallen Angels USD Bond ETF stock logo
FALN
iShares Fallen Angels USD Bond ETF
$24.68
-0.1%
5.19%$1.28N/AN/A1N/A
Realty Income Co. stock logo
O
Realty Income
$61.04
+2.9%
5.00%$3.05210.34%3.00%303/31/2023
Invesco California Value Municipal Income Trust stock logo
VCV
Invesco California Value Municipal Income Trust
$9.87
+1.3%
4.96%$0.49N/AN/AN/AN/A
BlackRock MuniVest Fund, Inc. stock logo
MVF
BlackRock MuniVest Fund
$6.79
flat
5.01%$0.34N/AN/AN/AN/A
Eaton Vance California Municipal Income Trust stock logo
CEV
Eaton Vance California Municipal Income Trust
$10.04
+1.0%
4.88%$0.49N/AN/AN/AN/A
iShares J.P. Morgan USD Emerging Markets Bond ETF stock logo
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
$85.39
-0.6%
4.94%$4.22N/AN/A1N/A
VanEck Fallen Angel High Yield Bond ETF stock logo
ANGL
VanEck Fallen Angel High Yield Bond ETF
$27.29
-0.1%
4.80%$1.31N/AN/AN/AN/A
PAI
Western Asset Investment Grade Income Fund
$11.78
+1.2%
4.75%$0.56N/A-6.49%N/A4/20/2023
Nuveen Virginia Quality Municipal Income Fund stock logo
NPV
Nuveen Virginia Quality Municipal Income Fund
$11.13
+0.1%
4.76%$0.53N/AN/AN/AN/A
Invesco Bond Fund stock logo
VBF
Invesco Bond Fund
$15.61
+0.1%
4.87%$0.76N/A-3.88%N/AN/A
Global X SuperDividend REIT ETF stock logo
SRET
Global X SuperDividend REIT ETF
$20.75
+1.6%
8.58%$1.78N/AN/A1N/A
Invesco Trust for Investment Grade New York Municipals stock logo
VTN
Invesco Trust for Investment Grade New York Municipals
$10.23
+0.9%
4.69%$0.48N/AN/AN/AN/A
STAG Industrial, Inc. stock logo
STAG
STAG Industrial
$32.71
+2.6%
4.49%$1.47181.48%0.69%53/30/2023
LKOR
FlexShares Credit-Scored US Long Corporate Bond Index Fund
$44.09
+0.5%
4.58%$2.02N/AN/AN/AN/A
Western Asset Managed Municipals Fund Inc. stock logo
MMU
Western Asset Managed Municipals Fund
$10.04
+0.3%
4.58%$0.46N/AN/AN/A4/20/2023
NAZ
Nuveen Arizona Quality Municipal Income Fund
$11.11
+0.5%
4.59%$0.51N/AN/AN/AN/A
BNY Mellon Municipal Income, Inc. stock logo
DMF
BNY Mellon Municipal Income
$6.23
+0.2%
4.65%$0.29N/AN/AN/AN/A
Invesco High Yield Equity Dividend Achievers ETF stock logo
PEY
Invesco High Yield Equity Dividend Achievers ETF
$19.12
+1.5%
4.50%$0.86N/AN/AN/AN/A
Agree Realty Co. stock logo
ADC
Agree Realty
$67.09
+3.2%
4.29%$2.88161.80%7.15%13/30/2023
Vanguard Long-Term Corporate Bond Index Fund stock logo
VCLT
Vanguard Long-Term Corporate Bond Index Fund
$79.49
+0.6%
4.30%$3.42N/AN/AN/AN/A
VictoryShares US 500 Enhanced Volatility Wtd ETF stock logo
CFO
VictoryShares US 500 Enhanced Volatility Wtd ETF
$59.82
+0.6%
1.91%$1.14N/AN/A1N/A
Nuveen Pennsylvania Quality Municipal Income Fund stock logo
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
$11.30
+0.4%
4.25%$0.48N/AN/AN/AN/A
CSB
VictoryShares US Small Cap High Div Volatility Wtd ETF
$50.35
+1.5%
3.71%$1.87N/AN/AN/AN/A
Western Asset Municipal High Income Fund Inc. stock logo
MHF
Western Asset Municipal High Income Fund
$6.40
+0.6%
3.75%$0.24N/AN/AN/A4/20/2023
NCA
Nuveen California Municipal Value Fund
$8.73
+0.5%
3.67%$0.32N/AN/AN/AN/A
Nuveen California Select Tax-Free Income Portfolio stock logo
NXC
Nuveen California Select Tax-Free Income Portfolio
$13.36
-0.7%
3.74%$0.50N/AN/AN/AN/A
NMI
Nuveen Municipal Income Fund
$9.01
-2.3%
3.77%$0.34N/AN/AN/AN/A
First Trust Municipal High Income ETF stock logo
FMHI
First Trust Municipal High Income ETF
$46.73
+0.6%
3.62%$1.69N/AN/A1N/A
Gladstone Land Co. stock logo
LAND
Gladstone Land
$15.57
+3.4%
3.53%$0.55-183.33%0.75%9N/A
NNY
Nuveen New York Municipal Value Fund
$8.40
+0.8%
3.57%$0.30N/AN/AN/AN/A
VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock logo
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
$58.41
+1.5%
3.53%$2.06-4,119.42%N/A1N/A
CDL
VictoryShares US Large Cap High Div Volatility Wtd ETF
$55.31
+1.4%
3.53%$1.95N/AN/A1N/A
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs stock logo
USOI
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs
$71.25
0.0%
36.13%$25.74N/AN/AN/AN/A
DTF Tax-Free Income 2028 Term Fund Inc. stock logo
DTF
DTF Tax-Free Income 2028 Term Fund
$10.89
-0.6%
3.58%$0.39N/AN/AN/A5/12/2023
Invesco Variable Rate Investment Grade ETF stock logo
VRIG
Invesco Variable Rate Investment Grade ETF
$24.68
-0.1%
3.53%$0.87N/AN/AN/AN/A
NUO
Nuveen Ohio Quality Municipal Income Fund
$12.42
+0.6%
3.38%$0.42N/AN/AN/AN/A
U.S. Global Investors, Inc. stock logo
GROW
U.S. Global Investors
$2.59
-1.9%
3.47%$0.0940.91%44.22%N/A4/6/2023
First Trust TCW Opportunistic Fixed Income ETF stock logo
FIXD
First Trust TCW Opportunistic Fixed Income ETF
$45.29
+0.2%
3.31%$1.50N/AN/A1N/A
BSCU
Invesco BulletShares 2030 Corporate Bond ETF
$16.52
+0.5%
3.27%$0.54N/AN/AN/AN/A
iShares Broad USD Investment Grade Corporate Bond ETF stock logo
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
$50.68
+0.2%
3.20%$1.62N/AN/AN/AN/A
Vanguard Total Corporate Bond ETF stock logo
VTC
Vanguard Total Corporate Bond ETF
$76.65
+0.5%
3.16%$2.42N/AN/AN/AN/A
iShares USD Green Bond ETF stock logo
BGRN
iShares USD Green Bond ETF
$47.27
+0.2%
3.13%$1.48N/AN/AN/AN/A
iShares 5-10 Year Investment Grade Corporate Bond ETF stock logo
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
$51.36
+0.3%
3.08%$1.58N/AN/A1N/A
Vanguard Intermediate-Term Corporate Bond Index Fund stock logo
VCIT
Vanguard Intermediate-Term Corporate Bond Index Fund
$80.41
+0.3%
3.06%$2.46N/AN/AN/AN/A
Shaw Communications Inc. stock logo
SJR
Shaw Communications
$28.35
-0.3%
3.07%$0.8777.68%6.31%N/AN/A
iShares ESG USD Corporate Bond ETF stock logo
SUSC
iShares ESG USD Corporate Bond ETF
$23.01
+0.3%
3.00%$0.69N/AN/A1N/A
NIM
Nuveen Select Maturities Municipal Fund
$9.17
+0.7%
2.94%$0.27N/AN/AN/AN/A
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
$40.29
+0.8%
2.90%$1.17N/AN/A1N/A
LDSF
First Trust Low Duration Strategic Focus ETF
$18.66
+0.7%
2.84%$0.53N/AN/AN/AN/A
Western Asset Short Duration Income ETF stock logo
WINC
Western Asset Short Duration Income ETF
$23.63
-0.1%
2.79%$0.66N/AN/AN/AN/A
Vanguard Long-Term Treasury Index Fund stock logo
VGLT
Vanguard Long-Term Treasury Index Fund
$65.85
+0.4%
2.73%$1.80N/AN/AN/AN/A
SKOR
FlexShares Credit-Scored US Corporate Bond Index Fund
$47.49
+0.1%
2.65%$1.26N/AN/AN/AN/A
iShares Core Total USD Bond Market ETF stock logo
IUSB
iShares Core Total USD Bond Market ETF
$46.27
+0.1%
2.66%$1.23N/AN/A1N/A
iShares 20+ Year Treasury Bond ETF stock logo
TLT
iShares 20+ Year Treasury Bond ETF
$106.85
+0.4%
2.61%$2.79N/AN/AN/AN/A
Vanguard Total Bond Market Index Fund stock logo
BND
Vanguard Total Bond Market Index Fund
$74.17
+0.2%
2.62%$1.94N/AN/AN/AN/A
First Trust Managed Municipal ETF stock logo
FMB
First Trust Managed Municipal ETF
$50.69
+0.2%
2.58%$1.31N/AN/A1N/A
CIL
VictoryShares International Volatility Wtd ETF
$38.36
-0.4%
2.55%$0.98N/AN/A1N/A
iShares iBonds Dec 2024 Term Treasury ETF stock logo
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
$24.08
+0.1%
2.49%$0.60N/AN/AN/AN/A
Vanguard Mortgage-Backed Securities Index Fund stock logo
VMBS
Vanguard Mortgage-Backed Securities Index Fund
$46.90
0.0%
2.49%$1.17N/AN/AN/AN/A
First Trust California Municipal High Income ETF stock logo
FCAL
First Trust California Municipal High Income ETF
$49.04
+0.2%
2.43%$1.19313.16%N/A1N/A
IBTK
iShares iBonds Dec 2030 Term Treasury ETF
$20.31
-0.1%
2.46%$0.50N/AN/AN/AN/A
iShares MBS ETF stock logo
MBB
iShares MBS ETF
$95.60
+0.2%
2.44%$2.33N/AN/AN/AN/A
First Trust Low Duration Opportunities ETF stock logo
LMBS
First Trust Low Duration Opportunities ETF
$48.09
+0.1%
2.41%$1.16N/AN/A1N/A
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
$23.23
+0.0%
2.41%$0.56N/AN/AN/AN/A
Global Water Resources, Inc. stock logo
GWRS
Global Water Resources
$12.32
+1.5%
2.44%$0.3090.91%1.00%5N/A
iShares GNMA Bond ETF stock logo
GNMA
iShares GNMA Bond ETF
$44.77
-0.1%
2.32%$1.04N/AN/A1N/A
IBTH
iShares iBonds Dec 2027 Term Treasury ETF
$22.81
-0.1%
2.32%$0.53N/AN/AN/AN/A
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IBTD
iShares iBonds Dec 2023 Term Treasury ETF
$24.80
flat
2.30%$0.57N/AN/AN/AN/A
BSMU
Invesco BulletShares 2030 Municipal Bond ETF
$22.12
+0.2%
2.31%$0.51N/AN/AN/AN/A
iShares 1-5 Year Investment Grade Corporate Bond ETF stock logo
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF
$50.62
+0.2%
2.23%$1.13N/AN/A1N/A
First Trust Enhanced Short Maturity ETF stock logo
FTSM
First Trust Enhanced Short Maturity ETF
$59.70
+0.1%
2.23%$1.33N/AN/AN/AN/A
Western Asset Total Return ETF stock logo
WBND
Western Asset Total Return ETF
$20.71
+0.2%
2.17%$0.45N/AN/AN/AN/A
Vanguard Short-Term Corporate Bond Index Fund stock logo
VCSH
Vanguard Short-Term Corporate Bond Index Fund
$76.30
+0.1%
2.16%$1.65N/AN/AN/AN/A
iShares 0-5 Year Investment Grade Corporate Bond ETF stock logo
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
$48.50
+0.1%
2.16%$1.05N/AN/AN/AN/A
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
$22.34
flat
2.15%$0.48N/AN/AN/AN/A
iShares Core 1-5 Year USD Bond ETF stock logo
ISTB
iShares Core 1-5 Year USD Bond ETF
$47.28
+0.0%
2.14%$1.01N/AN/A1N/A
Permian Basin Royalty Trust stock logo
PBT
Permian Basin Royalty Trust
$23.51
+0.4%
2.13%$0.5043.48%40.22%N/A3/30/2023
CIZ
VictoryShares Developed Enhanced Volatility Wtd ETF
$30.78
-0.3%
2.11%$0.65N/AN/A1N/A
WisdomTree U.S. Quality Dividend Growth Fund stock logo
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
$60.57
+0.7%
2.10%$1.27N/AN/A1N/A
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
$37.48
+0.9%
2.05%$0.77N/AN/A1N/A
iShares 7-10 Year Treasury Bond ETF stock logo
IEF
iShares 7-10 Year Treasury Bond ETF
$99.89
+0.0%
0.60%$0.60N/AN/AN/A12/28/2023
Vanguard Total World Bond ETF stock logo
BNDW
Vanguard Total World Bond ETF
$69.35
+0.1%
2.05%$1.42N/AN/AN/AN/A
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PLW
Invesco 1-30 Laddered Treasury ETF
$30.14
+0.2%
1.99%$0.60N/AN/A1N/A
iShares Short Treasury Bond ETF stock logo
SHV
iShares Short Treasury Bond ETF
$110.45
+0.0%
1.97%$2.18N/AN/AN/AN/A
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
$23.30
+0.4%
1.89%$0.44N/AN/AN/AN/A
IBTI
iShares iBonds Dec 2028 Term Treasury ETF
$22.65
0.0%
1.90%$0.43N/AN/AN/AN/A
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
$23.74
+0.3%
1.90%$0.45N/AN/AN/AN/A
iShares ESG 1-5 Year USD Corporate Bond ETF stock logo
SUSB
iShares ESG 1-5 Year USD Corporate Bond ETF
$24.12
+0.1%
1.91%$0.46N/AN/AN/AN/A
VSDA
VictoryShares Dividend Accelerator ETF
$43.72
+0.8%
1.88%$0.82N/AN/AN/AN/A
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VGIT
Vanguard Intermediate-Term Treasury Index Fund
$60.37
0.0%
1.87%$1.13N/AN/AN/AN/A
BSMS
Invesco BulletShares (R) 2028 Municipal Bond ETF
$23.59
+0.2%
1.82%$0.43N/AN/AN/AN/A
BSMR
Invesco BulletShares (R) 2027 Municipal Bond ETF
$23.79
+0.1%
1.77%$0.42N/AN/AN/AN/A
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CSF
VictoryShares US Discovery Enhanced Volatility Wtd ETF
$50.19
+0.9%
1.67%$0.84N/AN/AN/AN/A
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iShares 1-3 Year Treasury Bond ETF
$82.52
+0.0%
1.60%$1.32N/AN/AN/AN/A
BSMP
Invesco BulletShares (R) 2025 Municipal Bond ETF
$24.49
+0.1%
1.55%$0.38N/AN/AN/AN/A
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BNDX
Vanguard Total International Bond Index Fund
$49.23
+0.0%
1.52%$0.75N/AN/AN/AN/A
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IEI
iShares 3-7 Year Treasury Bond ETF
$118.38
0.0%
1.51%$1.79N/AN/AN/AN/A
Vanguard Short-Term Treasury Index Fund stock logo
VGSH
Vanguard Short-Term Treasury Index Fund
$58.77
+0.0%
1.48%$0.87N/AN/AN/AN/A
BSMO
Invesco BulletShares (R) 2024 Municipal Bond ETF
$24.86
-0.1%
1.37%$0.34N/AN/AN/AN/A
Banco Bradesco S.A. stock logo
BBDO
Banco Bradesco
$2.19
+2.3%
1.37%$0.038.33%N/A14/4/2023
Banco Bradesco S.A. stock logo
BBD
Banco Bradesco
$2.41
+1.2%
1.24%$0.036.00%N/A14/4/2023
BSMN
Invesco BulletShares (R) 2023 Municipal Bond ETF
$25.09
+0.1%
1.28%$0.32N/AN/AN/AN/A
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QQQN
VictoryShares Nasdaq Next 50 ETF
$24.70
-0.6%
0.89%$0.22N/AN/AN/AN/A
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SLVO
Credit Suisse X-Links Silver Shares Covered Call ETN
$80.33
+0.0%
11.58%$9.30N/AN/AN/AN/A
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GLDI
Credit Suisse X-Links Gold Shares Covered Call ETN
$147.48
+0.2%
8.29%$12.221,567.12%N/AN/AN/A
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ITUB
Itaú Unibanco
$4.37
+2.1%
0.69%$0.033.85%N/AN/A4/3/2023
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IGOV
iShares International Treasury Bond ETF
$40.34
-0.7%
0.10%$0.04N/AN/AN/AN/A
ISHG
iShares 1-3 Year International Treasury Bond ETF
$70.14
-0.7%
1.43%$1.00N/AN/AN/AN/A

What are monthly dividend stocks? What dividends pay monthly? We'll detail a monthly dividend, how it differs from regular dividends and the advantages and disadvantages of receiving monthly dividends. Let's dive in so you know how to begin investing in these income producers.  

Monthly Dividend Stocks, Defined

Monthly dividend stocks are a group of equity investments that trade like stocks and pay monthly dividends. These stocks provide a more regular payment and, in many cases, a superior payout to ordinary equity investments. These stocks aren't necessarily the best dividend stocks by sector, but they can be reliable payers and a cornerstone of an income investment portfolio. 

Types of Dividend Stock Payouts

The most commonly encountered stock dividend payouts include the following:

  • Regular dividends: These are regular dividends a company pays from its earnings. These can be paid annually, semi-annually, quarterly or monthly, depending on the business and the dividend plans. The company usually pays these dividends in cash. 
  • Special dividends: Sometimes, a company has extra cash or makes a windfall profit in a quarter or year. In these cases, the company may pay a special dividend on top of its regular dividend. 
  • Stock dividends: Sometimes, a company may reward shareholders by delivering a stock dividend. It can pay this with the company's shares in reserve or through a stock split. Each share splits into a predetermined number of new shares in a stock split. 
  • Preferred dividends: Preferred dividends are paid on preferred shares if the company issues preferred shares. Preferred shares have different rights than common stock, including a special privilege to dividend payments and assets upon liquidation. Preferred shares do not, however, have voting rights. In some ways, preferred shares and dividend payments are more akin to bonds than stock ownership.

How a Monthly Dividend Stock Works

Monthly dividend stocks work like regular dividend stocks, but investors should note a few differences. These are important to understand when searching for top dividend stocks and how to invest in them. The first and most apparent is that these stocks pay their dividend monthly instead of quarterly, primarily to attract buy-and-hold income investors such as retirees and institutional investors. 

This is how it works: 

  1. A company is in business and earns profits. It will pay dividends if it wants to distribute those profits to investors. 
  2. To pay the dividend, the company must first declare it. The dividend declaration usually comes out quarterly and will tell the amount of distribution, the ex-dividend date and the record date. Companies that pay monthly dividends tend to declare three at once to cover the upcoming three-month period. 
  3. The ex-dividend day is the first day investors can buy the stock and not receive the upcoming dividend. An investor that wants to receive the dividend must buy it by the close of trading on the day before the ex-dividend date. 
  4. The date of record is the day the company officially records who is eligible for the dividend. This day is after the ex-dividend day, but it doesn't matter as long as you purchased before the ex-dividend day. 
  5. The day of distribution is the day the company pays the dividend. The payments are made directly to each shareholder's account. It is that easy.

Any company could pay a monthly dividend if it wanted to, but most don't. In the case of regular corporate business, corporations are limited by the quarterly reporting cycle. They report quarterly and may not know how much profit they have available for distribution until after the quarterly reports end. However, other business structures have a more visible cash flow and can budget monthly dividends. These include REITs, BDCs and closed-end funds.

Real Estate Investment Trust (REIT)

REITs are real estate investment trusts. These companies invest in real estate and can apply many strategies, ranging from mortgage-backed securities to renting commercial property. When they choose taxation as a REIT, they agree to pay at least 90% of their taxable income as dividends. Their income is derived, in most cases, from regular monthly payments, either rent or mortgage. There is no correct number of dividend stocks to own, but consider having a diversified approach. 

Business Development Company (BDC)

A BDC is a business development company and is a form of closed-end fund. These funds act like venture capitalists by investing in middle-market loans to small and medium-sized businesses. BDCs maintain a stricter standard than most lending operations. 

They must lend business assistance to ensure the investments have as much chance for success as possible. BDCs tend to invest in debt and debt-related vehicles, providing holders with regular returns. 

Closed-End Funds

Closed-end funds are like mutual funds. However, a mutual fund can issue unlimited units based on invested dollars, while a closed-end fund has limited shares. That limit allows them to trade on the open market like a stock, which a mutual fund can't do. Mutual funds are only bought or sold after market hours. Some, but not all, closed-end funds pay a monthly dividend. The ones that do tend to invest in debt-related securities and bonds. 

Advantages of Monthly Dividend Stocks

There are many advantages to monthly dividend stocks. These are only a few of the most commonly cited reasons for owning monthly paying dividend stocks. 

Frequency

Monthly dividend stocks pay three times as often as regular quarterly dividend stocks and 12 times more frequently than companies that pay annually. Retirees and regular investors may need or want to count on a steadier cash flow. For a retiree, budgeting and coping with life-altering events with a more regular cash flow is far easier. 

Steady Returns

Monthly dividend stocks are advantageous because they can give steady returns in all markets, even down markets. Steady returns are good for the account's health and the account holders' psychology. Nothing is worse than watching an account dwindle in size during a down market. 

Compounding 

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. 

High Yields 

Monthly dividend-paying stocks tend to yield higher than the average S&P 500 company because they tend to be tax-advantaged investment vehicles that aim to generate income for average investors. For example, some monthly paying dividend stocks are REITs. Real estate is integral to any investment strategy but is not always accessible to average investors. REITs alleviate this problem by owning real estate in a trust and selling shares or units to investors. Investors are then able to benefit from capital appreciation and rents. 

What is yield? It is the payment you can expect from an investment in percentage form. 

What is a good dividend yield? One the company can sustain.

Example of a Monthly Dividend Stock Payout

Gladstone Commercial is an example of a monthly dividend stock. It is a REIT focused on office and commercial properties. It makes its money via monthly rent payments. It pays its dividend out of those payments, which are highly visible and easy to manage. This is part of why the company can make the regular monthly payment and sustain it. 

Gladstone Commercial pays $1.20 in annual dividend payments. That is $1.20 over the entire year, not each month. The monthly payment is 10 cents, which, over 12 months, equals the $1.20 payout. This formula is distinctive from the dividend yield formula, which lays out the payout in percentage form. 

Risks of Monthly Dividend Stocks

Monthly dividend stocks carry certain risks, including the following:

  • Distribution cut: A dividend cut or suspension is one of the largest risks of a monthly dividend stock. It could happen at any time and would have a detrimental effect on the share prices. 
  • Payout volatility: Many monthly dividend stocks have a managed distribution plan (MDP), which limits how much pays out each month. In these cases, distributions may be limited by earnings, which could be higher or lower monthly. 
  • Tax liabilities: Many monthly dividend stocks are tax-sheltered investment vehicles, which means they get preferential tax treatment if they pay out all or most of their income as dividends. In this case, some dividends may be qualifying dividends for tax purposes and others may be treated as ordinary income. 
  • Payout ratios: The payout ratio in monthly dividend stocks tends to be high because they are often required to pay 90% or more taxable income. What is the dividend payout ratio? The earnings paid as dividends in percent form. 

Consider Monthly Paying Dividends for Income

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. 

The only caveat is that many companies that pay monthly dividends are REITs, BDCs and actively managed closed-end funds that may pay ordinary and qualifying dividends with different tax implications.  

FAQs 

Check out some answers to frequently asked questions about companies paying monthly dividends and what dividend stocks pay monthly. 

Are monthly dividend stocks worth it?

Like all investments, monthly dividend stocks can be worth it, but it depends on your goal. Monthly dividend stocks can fit the bill if you want to generate large amounts of income. 

What is the highest-paying monthly dividend stock?

One of the highest-paying monthly dividend stocks in 2023 is SL Green. SL Green is a REIT focused on office space in Manhattan. It was yielding nearly 9% in annual distributions. 

How does a monthly dividend work?

Monthly dividend stocks work like other dividend stocks, except they pay monthly dividends. Typically, stocks pay dividends quarterly, but some investment vehicles pay monthly.

Find out why slow and steady wins the race with DividendStocks.com.