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.

Filters:
United States flag USA (NYSE & NASDAQ) All MarketCaps All Sectors All Industries Stocks & ETFs All Ratings All All All All All All All All All
Country
Market Cap
Stock Type
Consensus Rating
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthYears of Dividend GrowthEx-Dividend Date
NVD
GraniteShares 2x Short NVDA Daily ETF
$5.96
-7.2%
50.34%$3.00-2,500.00%N/AN/AN/A
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
$16.60
-0.2%
31.93%$5.30N/AN/AN/AN/A
Oxford Lane Capital Corp. stock logo
OXLC
Oxford Lane Capital
$5.15
-0.2%
18.64%$0.9681.36%-8.53%13/14/2024
X-Links Crude Oil Shares Covered Call ETN stock logo
USOI
X-Links Crude Oil Shares Covered Call ETN
$74.53
-0.3%
4.62%$3.44N/AN/AN/AN/A
Orchid Island Capital, Inc. stock logo
ORC
Orchid Island Capital
$8.53
-1.5%
16.89%$1.44369.23%-23.05%N/AN/A
Eagle Point Credit Company Inc. stock logo
ECC
Eagle Point Credit
$10.09
-0.4%
16.65%$1.68120.00%8.37%N/A3/7/2024
OFS Credit Company, Inc. stock logo
OCCI
OFS Credit
$7.30
+0.1%
16.44%$1.20-666.63%-6.32%N/A3/18/2024
Ellington Residential Mortgage REIT stock logo
EARN
Ellington Residential Mortgage REIT
$5.94
-0.8%
16.16%$0.9688.89%-5.01%N/AN/A
Ellington Financial Inc. stock logo
EFC
Ellington Financial
$11.12
-1.9%
16.19%$1.8097.30%11.36%1N/A
AGNC Investment Corp. stock logo
AGNC
AGNC Investment
$9.50
-0.8%
15.16%$1.4471.64%-2.63%N/AN/A
Virtus Global Dividend & Income Fund Inc. stock logo
ZTR
Virtus Global Dividend & Income Fund
$5.32
+0.6%
14.68%$0.78N/A-3.85%N/A3/8/2024
ARMOUR Residential REIT, Inc. stock logo
ARR
ARMOUR Residential REIT
$19.33
-2.0%
14.90%$2.8866.21%-8.37%N/A3/14/2024
Oxford Square Capital Corp. stock logo
OXSQ
Oxford Square Capital
$3.10
+0.6%
13.55%$0.422,101.05%-11.79%N/A3/14/2024
QRMI
Global X NASDAQ 100 Risk Managed Income ETF
$17.39
-0.1%
12.13%$2.11N/AN/AN/AN/A
Prospect Capital Co. stock logo
PSEC
Prospect Capital
$5.50
13.09%$0.7298.63%N/AN/A3/26/2024
Invesco KBW High Dividend Yield Financial ETF stock logo
KBWD
Invesco KBW High Dividend Yield Financial ETF
$15.02
-0.1%
12.05%$1.81N/AN/AN/AN/A
Dynex Capital, Inc. stock logo
DX
Dynex Capital
$12.26
-1.0%
12.73%$1.56167.74%-2.05%N/AN/A
Stellus Capital Investment Co. stock logo
SCM
Stellus Capital Investment
$12.75
+0.1%
12.55%$1.6098.77%13.64%23/27/2024
Global X Nasdaq 100 Covered Call ETF stock logo
QYLD
Global X Nasdaq 100 Covered Call ETF
$17.92
11.50%$2.06N/AN/AN/AN/A
FS Credit Opportunities Corp. stock logo
FSCO
FS Credit Opportunities
$5.70
+0.4%
11.94%$0.68N/AN/A1N/A
Western Asset Emerging Markets Debt Fund Inc. stock logo
EMD
Western Asset Emerging Markets Debt Fund
$9.16
11.03%$1.01N/A-7.90%N/A3/20/2024
PCM Fund Inc. stock logo
PCM
PCM Fund
$8.39
+1.7%
11.44%$0.96N/AN/AN/A3/8/2024
PIMCO High Income Fund stock logo
PHK
PIMCO High Income Fund
$4.96
11.69%$0.58N/A-3.58%N/A3/8/2024
FTQI
First Trust NASDAQ BuyWrite Income ETF
$20.53
+0.2%
11.25%$2.31N/AN/AN/AN/A
TUGN
STF Tactical Growth & Income ETF
$23.76
-0.7%
11.15%$2.65N/AN/AN/AN/A
Horizon Technology Finance Co. stock logo
HRZN
Horizon Technology Finance
$11.93
+0.3%
11.06%$1.3292.31%3.23%N/A3/18/2024
VLT
Invesco High Income Trust II
$10.63
-0.5%
10.92%$1.16N/AN/AN/A3/14/2024
High Income Securities Fund stock logo
PCF
High Income Securities Fund
$6.78
+0.1%
10.77%$0.73N/A-9.69%13/19/2024
MFV
MFS Special Value Trust
$4.30
-0.7%
10.23%$0.44N/A-5.92%13/12/2024
PIMCO Strategic Income Fund, Inc. stock logo
RCS
PIMCO Strategic Income Fund
$6.07
-0.2%
10.06%$0.61N/A-2.63%N/A3/8/2024
PIMCO Corporate & Income Opportunity Fund stock logo
PTY
PIMCO Corporate & Income Opportunity Fund
$14.37
+0.6%
9.95%$1.43N/A-2.96%N/A3/8/2024
MFS Intermediate High Income Fund stock logo
CIF
MFS Intermediate High Income Fund
$1.72
-0.6%
9.91%$0.17N/A-9.00%13/12/2024
BlackRock Debt Strategies Fund, Inc. stock logo
DSU
BlackRock Debt Strategies Fund
$11.11
-0.1%
9.90%$1.10N/A7.94%2N/A
Invesco KBW Premium Yield Equity REIT ETF stock logo
KBWY
Invesco KBW Premium Yield Equity REIT ETF
$17.62
+0.6%
8.97%$1.58N/AN/AN/AN/A
BlackRock Capital Allocation Term Trust stock logo
BCAT
BlackRock Capital Allocation Term Trust
$15.68
-0.4%
9.76%$1.53N/A143.70%13/14/2024
Gladstone Capital Co. stock logo
GLAD
Gladstone Capital
$10.14
-0.1%
9.76%$0.9990.83%6.49%23/20/2024
Gladstone Commercial Co. stock logo
GOOD
Gladstone Commercial
$12.73
+0.6%
9.43%$1.201,090.91%-7.21%N/A3/20/2024
VictoryShares US Small Cap Volatility Wtd stock logo
CSA
VictoryShares US Small Cap Volatility Wtd
$66.98
+0.0%
1.19%$0.80-39.60%N/AN/AN/A
MFS Intermediate Income Trust stock logo
MIN
MFS Intermediate Income Trust
$2.70
-0.4%
9.26%$0.25N/A-9.58%N/A3/12/2024
John Hancock Premium Dividend Fund stock logo
PDT
John Hancock Premium Dividend Fund
$11.75
+1.0%
8.94%$1.05N/A-2.63%N/A3/8/2024
BlackRock Income Trust, Inc. stock logo
BKT
BlackRock Income Trust
$11.82
-0.3%
8.97%$1.06N/A-5.13%N/AN/A
DNP Select Income Fund Inc. stock logo
DNP
DNP Select Income Fund
$8.84
+0.1%
8.83%$0.78N/AN/AN/A3/27/2024
Putnam Premier Income Trust stock logo
PPT
Putnam Premier Income Trust
$3.55
-0.6%
8.73%$0.31N/A-8.78%N/A3/21/2024
Special Opportunities Fund, Inc. stock logo
SPE
Special Opportunities Fund
$12.32
+0.1%
8.60%$1.06N/A-2.66%13/19/2024
MFS Multimarket Income Trust stock logo
MMT
MFS Multimarket Income Trust
$4.64
-0.2%
8.41%$0.39N/A-7.24%13/12/2024
First Trust BuyWrite Income ETF stock logo
FTHI
First Trust BuyWrite Income ETF
$22.14
-0.4%
8.31%$1.84N/AN/A1N/A
Putnam Master Intermediate Income Trust stock logo
PIM
Putnam Master Intermediate Income Trust
$3.17
-0.9%
8.20%$0.26N/A-9.14%N/A3/21/2024
Cohen & Steers Total Return Realty Fund, Inc. stock logo
RFI
Cohen & Steers Total Return Realty Fund
$11.92
+0.4%
8.05%$0.96N/AN/AN/A3/12/2024
MFS Government Markets Income Trust stock logo
MGF
MFS Government Markets Income Trust
$3.07
+0.3%
8.14%$0.25N/A-10.58%N/A3/12/2024
Cross Timbers Royalty Trust stock logo
CRT
Cross Timbers Royalty Trust
$17.01
-0.4%
8.05%$1.37N/A35.18%N/AN/A
MAXI
Simplify Bitcoin Strategy PLUS Income ETF
$30.12
+7.6%
19.36%$5.83N/AN/AN/AN/A
Global X SuperDividend REIT ETF stock logo
SRET
Global X SuperDividend REIT ETF
$19.90
-0.5%
7.94%$1.58N/AN/A1N/A
EPR Properties stock logo
EPR
EPR Properties
$42.00
+0.6%
7.86%$3.30127.91%29.63%13/27/2024
BNY Mellon High Yield Strategies Fund stock logo
DHF
BNY Mellon High Yield Strategies Fund
$2.35
7.68%$0.18N/A-11.31%13/11/2024
Invesco BulletShares 2025 High Yield Corporate Bond ETF stock logo
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
$22.92
7.29%$1.67N/AN/AN/AN/A
First Trust Senior Loan ETF stock logo
FTSL
First Trust Senior Loan ETF
$46.23
7.64%$3.53N/AN/AN/AN/A
Invesco High Yield Bond Factor ETF stock logo
IHYF
Invesco High Yield Bond Factor ETF
$22.13
0.0%
6.96%$1.54N/AN/AN/AN/A
Modiv Industrial, Inc. stock logo
MDV
Modiv Industrial
$15.16
-1.5%
7.59%$1.15255.56%N/AN/A3/27/2024
Invesco BulletShares 2028 High Yield Corporate Bond ETF stock logo
BSJS
Invesco BulletShares 2028 High Yield Corporate Bond ETF
$21.60
+0.0%
6.76%$1.46N/AN/AN/AN/A
LTC Properties, Inc. stock logo
LTC
LTC Properties
$31.91
+1.4%
7.15%$2.28123.24%N/AN/A3/20/2024
Global X Alternative Income ETF stock logo
ALTY
Global X Alternative Income ETF
$11.39
+0.2%
7.20%$0.82N/AN/AN/AN/A
BSJU
Invesco BulletShares 2030 High Yield Corporate Bond ETF
$25.50
+0.0%
6.71%$1.71N/AN/AN/AN/A
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund stock logo
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
$22.00
6.09%$1.34N/AN/A1N/A
Invesco BulletShares 2026 High Yield Corporate Bond ETF stock logo
BSJQ
Invesco BulletShares 2026 High Yield Corporate Bond ETF
$23.15
+0.0%
6.61%$1.53N/AN/AN/AN/A
BSJR
Invesco BulletShares 2027 High Yield Corporate Bond ETF
$22.30
6.55%$1.46N/AN/AN/AN/A
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$13.68
-0.6%
7.02%$0.9686.49%4.55%N/A3/20/2024
First Trust Income Opportunities ETF stock logo
FCEF
First Trust Income Opportunities ETF
$20.40
+0.2%
6.96%$1.42N/AN/A1N/A
BSJT
Invesco BulletShares 2029 High Yield Corporate Bond ETF
$21.15
6.43%$1.36N/AN/AN/AN/A
Grupo Aval Acciones y Valores S.A. stock logo
AVAL
Grupo Aval Acciones y Valores
$2.54
-1.2%
7.09%$0.1838.30%-19.39%N/AN/A
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. stock logo
PFO
Flaherty & Crumrine Preferred Income Opportunity Fund
$8.25
-0.5%
6.79%$0.56N/A-9.87%13/20/2024
Invesco BulletShares 2024 High Yield Corporate Bond ETF stock logo
BSJO
Invesco BulletShares 2024 High Yield Corporate Bond ETF
$22.72
0.0%
6.12%$1.39N/AN/AN/AN/A
Invesco Variable Rate Investment Grade ETF stock logo
VRIG
Invesco Variable Rate Investment Grade ETF
$25.11
6.09%$1.53N/AN/AN/AN/A
iShares Preferred and Income Securities ETF stock logo
PFF
iShares Preferred and Income Securities ETF
$31.83
-0.3%
6.44%$2.05N/AN/AN/AN/A
Main Street Capital Co. stock logo
MAIN
Main Street Capital
$45.74
+0.7%
6.30%$2.8874.23%6.77%N/A3/7/2024
Global X MSCI SuperDividend EAFE ETF stock logo
EFAS
Global X MSCI SuperDividend EAFE ETF
$14.11
-1.0%
6.38%$0.90N/AN/A1N/A
CLOA
BlackRock AAA CLO ETF
$51.53
0.0%
6.31%$3.25N/AN/AN/AN/A
SL Green Realty Corp. stock logo
SLG
SL Green Realty
$48.28
-0.4%
6.21%$3.00-170.45%0.96%N/AN/A
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock logo
HYLS
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
$41.21
6.07%$2.50N/AN/AN/AN/A
iShares ESG Advanced High Yield Corporate Bond ETF stock logo
HYXF
iShares ESG Advanced High Yield Corporate Bond ETF
$45.36
+0.2%
6.06%$2.75N/AN/AN/AN/A
WisdomTree Interest Rate Hedged High Yield Bond Fund stock logo
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
$21.88
+0.4%
5.85%$1.28N/AN/A1N/A
Realty Income Co. stock logo
O
Realty Income
$52.72
+0.9%
5.84%$3.08192.50%2.98%31N/A
Apple Hospitality REIT, Inc. stock logo
APLE
Apple Hospitality REIT
$16.69
+2.1%
5.75%$0.96107.87%47.36%N/AN/A
Source Capital, Inc. stock logo
SOR
Source Capital
$41.60
+0.0%
5.84%$2.43N/A33.57%13/14/2024
Nasdaq 100 Covered Call & Growth ETF stock logo
QYLG
Nasdaq 100 Covered Call & Growth ETF
$30.50
-0.5%
5.34%$1.63N/AN/AN/AN/A
Vanguard Emerging Markets Government Bond ETF stock logo
VWOB
Vanguard Emerging Markets Government Bond ETF
$62.92
0.0%
5.12%$3.22N/AN/AN/AN/A
SDSI
American Century Short Duration Strategic Income ETF
$50.64
-0.1%
5.55%$2.81N/AN/AN/AN/A
Nuveen Multi-Market Income Fund stock logo
JMM
Nuveen Multi-Market Income Fund
$5.96
-0.5%
5.54%$0.33N/A0.77%N/AN/A
Invesco High Yield Equity Dividend Achievers ETF stock logo
PEY
Invesco High Yield Equity Dividend Achievers ETF
$19.70
-0.1%
5.03%$0.99N/AN/AN/AN/A
iShares Fallen Angels USD Bond ETF stock logo
FALN
iShares Fallen Angels USD Bond ETF
$26.56
+0.2%
5.46%$1.45N/AN/A1N/A
VanEck Fallen Angel High Yield Bond ETF stock logo
ANGL
VanEck Fallen Angel High Yield Bond ETF
$28.71
+0.1%
4.98%$1.43N/AN/AN/AN/A
BSCW
Invesco BulletShares 2032 Corporate Bond ETF
$20.15
-0.1%
4.86%$0.98N/AN/AN/AN/A
First Trust Emerging Markets Local Currency Bond ETF stock logo
FEMB
First Trust Emerging Markets Local Currency Bond ETF
$28.35
-0.3%
5.29%$1.50N/AN/AN/AN/A
Agree Realty Co. stock logo
ADC
Agree Realty
$57.26
+1.2%
5.17%$2.96159.14%6.67%2N/A
Invesco Bond Fund stock logo
VBF
Invesco Bond Fund
$15.38
-1.3%
5.27%$0.81N/A2.54%N/A3/14/2024
Invesco Municipal Income Opportunities Trust stock logo
OIA
Invesco Municipal Income Opportunities Trust
$6.26
-0.3%
5.11%$0.32N/AN/AN/A3/14/2024
US Treasury 3 Month Bill ETF stock logo
TBIL
US Treasury 3 Month Bill ETF
$49.86
+0.0%
5.07%$2.53N/AN/AN/AN/A
Invesco BulletShares 2031 Corporate Bond ETF stock logo
BSCV
Invesco BulletShares 2031 Corporate Bond ETF
$16.04
-0.2%
4.61%$0.74N/AN/AN/AN/A
VictoryShares International High Div Volatility Wtd ETF stock logo
CID
VictoryShares International High Div Volatility Wtd ETF
$31.46
-0.3%
4.99%$1.57N/AN/A1N/A
OBIL
US Treasury 12 Month Bill ETF
$49.82
0.0%
4.94%$2.46N/AN/AN/AN/A
Vanguard Long-Term Corporate Bond ETF stock logo
VCLT
Vanguard Long-Term Corporate Bond ETF
$77.06
-0.3%
4.89%$3.77N/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
$88.35
-0.1%
4.40%$3.89N/AN/A1N/A
iShares Short Treasury Bond ETF stock logo
SHV
iShares Short Treasury Bond ETF
$110.12
+0.0%
4.82%$5.31N/AN/AN/AN/A
Putnam Managed Municipal Income Trust stock logo
PMM
Putnam Managed Municipal Income Trust
$6.08
-0.7%
4.77%$0.29N/A-6.64%N/A3/21/2024
BlackRock MuniAssets Fund, Inc. stock logo
MUA
BlackRock MuniAssets Fund
$11.02
-0.5%
4.81%$0.53N/AN/AN/AN/A
First Trust Enhanced Short Maturity ETF stock logo
FTSM
First Trust Enhanced Short Maturity ETF
$59.65
+0.0%
4.76%$2.84N/AN/AN/AN/A
Western Asset Investment Grade Income Fund Inc. stock logo
PAI
Western Asset Investment Grade Income Fund
$11.85
-0.1%
4.81%$0.57N/A-2.53%23/20/2024
VictoryShares Short-Term Bond ETF stock logo
USTB
VictoryShares Short-Term Bond ETF
$49.73
-0.1%
4.71%$2.34N/AN/AN/AN/A
Invesco Value Municipal Income Trust stock logo
IIM
Invesco Value Municipal Income Trust
$11.82
-0.1%
4.65%$0.55N/AN/AN/A3/14/2024
BlackRock MuniYield Quality Fund III, Inc. stock logo
MYI
BlackRock MuniYield Quality Fund III
$11.54
+0.3%
4.59%$0.53N/AN/AN/AN/A
BlackRock MuniYield Quality Fund, Inc. stock logo
MQY
BlackRock MuniYield Quality Fund
$12.36
4.61%$0.57N/AN/AN/AN/A
UEVM
VictoryShares Emerging Markets Value Momentum ETF
$45.79
-0.5%
4.52%$2.07N/AN/AN/AN/A
UBND
VictoryShares Core Plus Intermediate Bond ETF
$21.48
-0.1%
4.52%$0.97N/AN/AN/AN/A
Vanguard Total International Bond ETF stock logo
BNDX
Vanguard Total International Bond ETF
$48.68
-0.1%
4.40%$2.14N/AN/AN/AN/A
Invesco Municipal Trust stock logo
VKQ
Invesco Municipal Trust
$9.52
-0.5%
4.52%$0.43N/AN/AN/A3/14/2024
Invesco BulletShares 2030 Corporate Bond ETF stock logo
BSCU
Invesco BulletShares 2030 Corporate Bond ETF
$16.34
-0.2%
4.16%$0.68N/AN/AN/AN/A
Western Asset Short Duration Income ETF stock logo
WINC
Western Asset Short Duration Income ETF
$23.82
-0.1%
4.49%$1.07N/AN/AN/AN/A
WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock logo
UNIY
WisdomTree Voya Yield Enhanced USD Universal Bond Fund
$48.59
-0.2%
4.45%$2.16N/AN/AN/AN/A
USBF
iShares USD Bond Factor ETF
$83.54
-0.2%
4.44%$3.71N/AN/AN/AN/A
HISF
First Trust High Income Strategic Focus ETF
$44.16
-0.3%
4.39%$1.94N/AN/AN/AN/A
US Treasury 2 Year Note ETF stock logo
UTWO
US Treasury 2 Year Note ETF
$48.00
-0.1%
4.42%$2.12N/AN/AN/AN/A
Invesco Municipal Opportunity Trust stock logo
VMO
Invesco Municipal Opportunity Trust
$9.64
4.46%$0.43N/AN/AN/A3/14/2024
VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock logo
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
$56.94
+0.9%
4.36%$2.48-4,959.31%N/A1N/A
BlackRock MuniYield Quality Fund II, Inc. stock logo
MQT
BlackRock MuniYield Quality Fund II
$10.52
+0.2%
4.37%$0.46N/AN/AN/AN/A
Invesco BulletShares 2029 Corporate Bond ETF stock logo
BSCT
Invesco BulletShares 2029 Corporate Bond ETF
$18.23
-0.2%
4.06%$0.74N/AN/AN/AN/A
Invesco BulletShares 2028 Corporate Bond ETF stock logo
BSCS
Invesco BulletShares 2028 Corporate Bond ETF
$20.02
-0.1%
4.05%$0.81N/AN/AN/AN/A
Invesco Trust for Investment Grade Municipals stock logo
VGM
Invesco Trust for Investment Grade Municipals
$9.85
-0.3%
4.37%$0.43N/AN/AN/A3/14/2024
BlackRock Investment Quality Municipal Trust Inc. stock logo
BKN
BlackRock Investment Quality Municipal Trust
$12.12
-0.2%
4.37%$0.53N/AN/AN/AN/A
MFS High Income Municipal Trust stock logo
CXE
MFS High Income Municipal Trust
$3.58
4.47%$0.16N/AN/AN/A3/12/2024
BlackRock MuniYield Fund, Inc. stock logo
MYD
BlackRock MuniYield Fund
$11.22
-0.2%
4.37%$0.49N/AN/AN/AN/A
Putnam Municipal Opportunities Trust stock logo
PMO
Putnam Municipal Opportunities Trust
$10.10
-0.6%
4.36%$0.44N/A-9.37%N/A3/21/2024
iShares iBonds Dec 2024 Term Treasury ETF stock logo
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
$23.87
4.27%$1.02N/AN/AN/AN/A
Gladstone Land Co. stock logo
LAND
Gladstone Land
$13.15
+0.2%
4.26%$0.56-164.71%1.00%103/20/2024
BlackRock MuniHoldings New Jersey Quality Fund, Inc. stock logo
MUJ
BlackRock MuniHoldings New Jersey Quality Fund
$11.48
-0.2%
4.27%$0.49N/AN/AN/AN/A
First Trust Low Duration Strategic Focus ETF stock logo
LDSF
First Trust Low Duration Strategic Focus ETF
$18.75
4.21%$0.79N/AN/AN/AN/A
Eaton Vance California Municipal Income Trust stock logo
CEV
Eaton Vance California Municipal Income Trust
$10.40
-0.1%
4.23%$0.44N/AN/AN/A3/8/2024
First Trust Low Duration Opportunities ETF stock logo
LMBS
First Trust Low Duration Opportunities ETF
$48.16
-0.1%
4.17%$2.01N/AN/A1N/A
Invesco BulletShares 2027 Corporate Bond ETF stock logo
BSCR
Invesco BulletShares 2027 Corporate Bond ETF
$19.26
-0.2%
3.84%$0.74N/AN/AN/AN/A
Invesco California Value Municipal Income Trust stock logo
VCV
Invesco California Value Municipal Income Trust
$9.78
+0.2%
4.09%$0.40N/AN/AN/A3/14/2024
Nuveen Municipal Income Fund, Inc. stock logo
NMI
Nuveen Municipal Income Fund
$9.15
-0.5%
4.15%$0.38N/AN/AN/AN/A
FlexShares Credit-Scored US Corporate Bond Index Fund stock logo
SKOR
FlexShares Credit-Scored US Corporate Bond Index Fund
$47.41
-0.1%
4.09%$1.94N/AN/AN/AN/A
MFS High Yield Municipal Trust stock logo
CMU
MFS High Yield Municipal Trust
$3.28
3.96%$0.13N/AN/AN/A3/12/2024
First Trust TCW Opportunistic Fixed Income ETF stock logo
FIXD
First Trust TCW Opportunistic Fixed Income ETF
$43.57
-0.3%
4.09%$1.78N/AN/A1N/A
Permian Basin Royalty Trust stock logo
PBT
Permian Basin Royalty Trust
$11.14
-16.7%
4.94%$0.5588.71%36.68%N/AN/A
UIVM
VictoryShares International Value Momentum ETF
$47.36
-0.1%
4.03%$1.91N/AN/AN/AN/A
iShares Broad USD Investment Grade Corporate Bond ETF stock logo
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
$50.30
-0.2%
3.74%$1.88N/AN/AN/AN/A
BlackRock MuniHoldings California Quality Fund, Inc. stock logo
MUC
BlackRock MuniHoldings California Quality Fund
$11.03
-0.2%
4.08%$0.45N/AN/AN/AN/A
BlackRock MuniHoldings New York Quality Fund, Inc. stock logo
MHN
BlackRock MuniHoldings New York Quality Fund
$10.63
-0.3%
4.05%$0.43N/AN/AN/AN/A
Nuveen New York Municipal Value Fund stock logo
NNY
Nuveen New York Municipal Value Fund
$8.29
3.98%$0.33N/AN/AN/AN/A
Nuveen California Select Tax-Free Income Portfolio stock logo
NXC
Nuveen California Select Tax-Free Income Portfolio
$13.13
-0.3%
4.04%$0.53N/AN/AN/AN/A
BlackRock MuniVest Fund II, Inc. stock logo
MVT
BlackRock MuniVest Fund II
$10.93
+0.5%
4.03%$0.44N/AN/AN/AN/A
Nuveen Select Tax-Free Income Portfolio stock logo
NXP
Nuveen Select Tax-Free Income Portfolio
$14.51
-0.2%
4.00%$0.58N/AN/AN/AN/A
iShares ESG Aware USD Corporate Bond ETF stock logo
SUSC
iShares ESG Aware USD Corporate Bond ETF
$22.78
-0.2%
4.04%$0.92N/AN/A1N/A
BlackRock MuniVest Fund, Inc. stock logo
MVF
BlackRock MuniVest Fund
$7.01
3.99%$0.28N/AN/AN/AN/A
Nuveen California Municipal Value Fund stock logo
NCA
Nuveen California Municipal Value Fund
$8.78
+0.5%
3.99%$0.35N/AN/AN/AN/A
BlackRock MuniYield New York Quality Fund, Inc. stock logo
MYN
BlackRock MuniYield New York Quality Fund
$10.52
-0.1%
3.99%$0.42N/AN/AN/AN/A
BlackRock MuniYield Michigan Quality Fund, Inc. stock logo
MIY
BlackRock MuniYield Michigan Quality Fund
$11.42
+0.1%
3.94%$0.45N/AN/AN/AN/A
STAG Industrial, Inc. stock logo
STAG
STAG Industrial
$37.38
-0.4%
3.96%$1.48164.44%0.69%63/27/2024
Vanguard Total Corporate Bond Fund stock logo
VTC
Vanguard Total Corporate Bond Fund
$75.94
-0.2%
3.66%$2.78N/AN/AN/AN/A
Whitestone REIT stock logo
WSR
Whitestone REIT
$12.31
+0.7%
3.90%$0.48145.45%-7.17%N/AN/A
Nuveen Municipal Value Fund, Inc. stock logo
NUV
Nuveen Municipal Value Fund
$8.67
-0.2%
3.92%$0.34N/AN/AN/A3/14/2024
iShares 5-10 Year Investment Grade Corporate Bond ETF stock logo
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
$51.11
-0.2%
3.60%$1.84N/AN/A1N/A
Invesco BulletShares 2026 Corporate Bond ETF stock logo
BSCQ
Invesco BulletShares 2026 Corporate Bond ETF
$19.21
-0.1%
3.59%$0.69N/AN/AN/AN/A
First Trust Municipal High Income ETF stock logo
FMHI
First Trust Municipal High Income ETF
$48.01
-0.1%
3.87%$1.86N/AN/A1N/A
Vanguard Intermediate-Term Corporate Bond ETF stock logo
VCIT
Vanguard Intermediate-Term Corporate Bond ETF
$79.77
-0.2%
3.85%$3.07N/AN/AN/AN/A
Vanguard Total World Bond ETF stock logo
BNDW
Vanguard Total World Bond ETF
$68.06
-0.2%
3.66%$2.49N/AN/AN/AN/A
Nuveen Virginia Quality Municipal Income Fund stock logo
NPV
Nuveen Virginia Quality Municipal Income Fund
$11.04
+0.5%
3.80%$0.42N/AN/AN/AN/A
DWS Strategic Municipal Income Trust stock logo
KSM
DWS Strategic Municipal Income Trust
$8.76
-0.8%
3.88%$0.34N/A-12.17%1N/A
BlackRock MuniYield Pennsylvania Quality Fund stock logo
MPA
BlackRock MuniYield Pennsylvania Quality Fund
$11.75
-0.8%
3.83%$0.45N/AN/AN/AN/A
Invesco Trust for Investment Grade New York Municipals stock logo
VTN
Invesco Trust for Investment Grade New York Municipals
$10.54
3.80%$0.40N/AN/AN/A3/14/2024
Invesco BulletShares 2025 Corporate Bond ETF stock logo
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
$20.43
3.52%$0.72N/AN/AN/AN/A
UCRD
VictoryShares Corporate Bond ETF
$20.94
-0.1%
3.73%$0.78N/AN/AN/AN/A
iShares iBonds Dec 2027 Term Treasury ETF stock logo
IBTH
iShares iBonds Dec 2027 Term Treasury ETF
$22.11
-0.1%
3.75%$0.83N/AN/AN/AN/A
Western Asset Total Return ETF stock logo
WBND
Western Asset Total Return ETF
$20.05
0.0%
3.69%$0.74N/AN/AN/AN/A
iShares iBonds Dec 2026 Term Treasury ETF stock logo
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
$22.66
-0.1%
3.71%$0.84N/AN/AN/AN/A
Nuveen Arizona Quality Municipal Income Fund stock logo
NAZ
Nuveen Arizona Quality Municipal Income Fund
$10.86
+0.1%
3.59%$0.39N/AN/AN/AN/A
VictoryShares US Large Cap High Div Volatility Wtd ETF stock logo
CDL
VictoryShares US Large Cap High Div Volatility Wtd ETF
$59.37
+0.8%
3.57%$2.12N/AN/A1N/A
iShares 20+ Year Treasury Bond ETF stock logo
TLT
iShares 20+ Year Treasury Bond ETF
$94.09
-0.4%
3.58%$3.37N/AN/AN/AN/A
iShares iBonds Dec 2029 Term Treasury ETF stock logo
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
$21.44
-0.2%
3.31%$0.71N/AN/AN/AN/A
DTF Tax-Free Income 2028 Term Fund Inc. stock logo
DTF
DTF Tax-Free Income 2028 Term Fund
$10.77
-0.6%
3.62%$0.39N/AN/AN/A3/14/2024
iShares USD Green Bond ETF stock logo
BGRN
iShares USD Green Bond ETF
$46.56
-0.3%
3.33%$1.55N/AN/AN/AN/A
IBTM
iShares iBonds Dec 2032 Term Treasury ETF
$22.56
-0.3%
3.59%$0.81N/AN/AN/AN/A
IBTM
iShares iBonds Dec 2032 Term Treasury ETF
$22.56
-0.3%
3.59%$0.81N/AN/AN/AN/A
VictoryShares US Small Cap High Div Volatility Wtd ETF stock logo
CSB
VictoryShares US Small Cap High Div Volatility Wtd ETF
$54.08
+0.2%
3.57%$1.93N/AN/AN/AN/A
iShares GNMA Bond ETF stock logo
GNMA
iShares GNMA Bond ETF
$43.09
-0.3%
3.30%$1.42N/AN/A1N/A
iShares Core Total USD Bond Market ETF stock logo
IUSB
iShares Core Total USD Bond Market ETF
$45.29
-0.2%
3.27%$1.48N/AN/A1N/A
Vanguard Long-Term Treasury Index ETF stock logo
VGLT
Vanguard Long-Term Treasury Index ETF
$58.81
-0.3%
3.57%$2.10N/AN/AN/AN/A
Nuveen Select Maturities Municipal Fund stock logo
NIM
Nuveen Select Maturities Municipal Fund
$8.84
-0.5%
3.51%$0.31N/AN/AN/AN/A
DWS Municipal Income Trust stock logo
KTF
DWS Municipal Income Trust
$8.90
-0.6%
3.48%$0.31N/A-13.15%1N/A
Vanguard Short-Term Treasury Index ETF stock logo
VGSH
Vanguard Short-Term Treasury Index ETF
$57.94
-0.1%
3.45%$2.00N/AN/AN/AN/A
Vanguard Mortgage-Backed Securities ETF stock logo
VMBS
Vanguard Mortgage-Backed Securities ETF
$45.24
-0.3%
3.45%$1.56N/AN/AN/AN/A
UTWY
US Treasury 20 Year Bond ETF
$45.91
-0.3%
3.44%$1.58N/AN/AN/AN/A
iShares iBonds Dec 2028 Term Treasury ETF stock logo
IBTI
iShares iBonds Dec 2028 Term Treasury ETF
$21.89
-0.2%
3.47%$0.76N/AN/AN/AN/A
U.S. Global Investors, Inc. stock logo
GROW
U.S. Global Investors
$2.59
-2.3%
3.47%$0.0939.13%44.22%N/A3/8/2024
iShares 1-5 Year Investment Grade Corporate Bond ETF stock logo
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF
$51.01
-0.1%
3.10%$1.58N/AN/A1N/A
US Treasury 30 Year Bond ETF stock logo
UTHY
US Treasury 30 Year Bond ETF
$44.98
-0.4%
3.33%$1.50N/AN/AN/AN/A
VictoryShares Core Intermediate Bond ETF stock logo
UITB
VictoryShares Core Intermediate Bond ETF
$46.22
-0.1%
3.33%$1.54N/AN/AN/AN/A
UFIV
US Treasury 5 Year Note ETF
$48.38
-0.2%
3.31%$1.60N/AN/AN/AN/A
CIZ
VictoryShares Developed Enhanced Volatility Wtd ETF
$30.68
-0.2%
3.29%$1.01N/AN/AN/AN/A
Phillips Edison & Company, Inc. stock logo
PECO
Phillips Edison & Company, Inc.
$36.33
+2.3%
3.22%$1.17195.00%N/A23/14/2024
IBTL
iShares iBonds Dec 2031 Term Treasury ETF
$20.07
-0.2%
3.24%$0.65N/AN/AN/AN/A
IBTL
iShares iBonds Dec 2031 Term Treasury ETF
$20.07
-0.2%
3.24%$0.65N/AN/AN/AN/A
IBTL
iShares iBonds Dec 2031 Term Treasury ETF
$20.07
-0.2%
3.24%$0.65N/AN/AN/AN/A
iShares MBS ETF stock logo
MBB
iShares MBS ETF
$91.78
-0.3%
3.58%$3.29N/AN/AN/AN/A
NOM
Nuveen Missouri Quality Municipal Income Fund
$10.11
3.26%$0.33N/AN/AN/AN/A
iShares 7-10 Year Treasury Bond ETF stock logo
IEF
iShares 7-10 Year Treasury Bond ETF
$94.19
-0.2%
3.21%$3.02N/AN/AN/AN/A
Vanguard Short-Term Corporate Bond ETF stock logo
VCSH
Vanguard Short-Term Corporate Bond ETF
$76.93
-0.1%
3.18%$2.45N/AN/AN/AN/A
iShares iBonds Dec 2030 Term Treasury ETF stock logo
IBTK
iShares iBonds Dec 2030 Term Treasury ETF
$19.35
-0.2%
3.20%$0.62N/AN/AN/AN/A
Invesco BulletShares 2024 Corporate Bond ETF stock logo
BSCO
Invesco BulletShares 2024 Corporate Bond ETF
$20.95
2.91%$0.61N/AN/AN/AN/A
Nuveen Massachusetts Quality Municipal Income Fund stock logo
NMT
Nuveen Massachusetts Quality Municipal Income Fund
$10.61
+0.1%
3.11%$0.33N/AN/AN/AN/A
Nuveen Pennsylvania Quality Municipal Income Fund stock logo
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
$11.68
+0.3%
3.08%$0.36N/AN/AN/AN/A
iShares 1-3 Year Treasury Bond ETF stock logo
SHY
iShares 1-3 Year Treasury Bond ETF
$81.58
-0.1%
2.92%$2.38N/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
$49.00
-0.1%
2.84%$1.39N/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
-0.1%
2.83%$1.34N/AN/A1N/A
First Trust Managed Municipal ETF stock logo
FMB
First Trust Managed Municipal ETF
$51.42
-0.2%
3.01%$1.55N/AN/A1N/A
VictoryShares US Discovery Enhanced Volatility Wtd ETF stock logo
CSF
VictoryShares US Discovery Enhanced Volatility Wtd ETF
$49.76
+0.1%
2.97%$1.48N/AN/AN/AN/A
BSMW
Invesco BulletShares 2032 Municipal Bond ETF
$25.73
+0.1%
2.95%$0.76N/AN/AN/AN/A
Invesco BulletShares 2027 Municipal Bond ETF stock logo
BSMR
Invesco BulletShares 2027 Municipal Bond ETF
$23.72
-0.2%
2.70%$0.64N/AN/AN/AN/A
Invesco BulletShares 2030 Municipal Bond ETF stock logo
BSMU
Invesco BulletShares 2030 Municipal Bond ETF
$22.19
-0.5%
2.70%$0.60N/AN/AN/AN/A
BSMV
Invesco BulletShares 2031 Municipal Bond ETF
$21.41
-0.4%
2.66%$0.57N/AN/AN/AN/A
iShares ESG Aware 1-5 Year USD Corporate Bond ETF stock logo
SUSB
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
$24.36
-0.1%
2.96%$0.72N/AN/AN/AN/A
Vanguard Intermediate-Term Treasury Index ETF stock logo
VGIT
Vanguard Intermediate-Term Treasury Index ETF
$58.38
-0.2%
2.84%$1.66N/AN/AN/AN/A
Invesco BulletShares 2029 Municipal Bond ETF stock logo
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
$23.33
-0.2%
2.61%$0.61N/AN/AN/AN/A
Invesco BulletShares 2028 Municipal Bond ETF stock logo
BSMS
Invesco BulletShares 2028 Municipal Bond ETF
$23.58
-0.2%
2.63%$0.62N/AN/AN/AN/A
Invesco BulletShares 2026 Municipal Bond ETF stock logo
BSMQ
Invesco BulletShares 2026 Municipal Bond ETF
$23.63
-0.2%
2.50%$0.59N/AN/AN/AN/A
VictoryShares International Volatility Wtd ETF stock logo
CIL
VictoryShares International Volatility Wtd ETF
$42.24
-0.1%
2.70%$1.14N/AN/A1N/A
First Trust California Municipal High Income ETF stock logo
FCAL
First Trust California Municipal High Income ETF
$49.76
0.0%
2.77%$1.38363.16%N/A1N/A
Invesco Equal Weight 0-30 Years Treasury ETF stock logo
PLW
Invesco Equal Weight 0-30 Years Treasury ETF
$28.00
-0.2%
2.50%$0.70N/AN/A1N/A
iShares 3-7 Year Treasury Bond ETF stock logo
IEI
iShares 3-7 Year Treasury Bond ETF
$115.54
-0.2%
2.31%$2.67N/AN/AN/AN/A
Invesco BulletShares 2024 Municipal Bond ETF stock logo
BSMO
Invesco BulletShares 2024 Municipal Bond ETF
$24.78
-0.1%
2.26%$0.56N/AN/AN/AN/A
Invesco BulletShares 2025 Municipal Bond ETF stock logo
BSMP
Invesco BulletShares 2025 Municipal Bond ETF
$24.43
-0.2%
2.25%$0.55N/AN/AN/AN/A
WisdomTree U.S. SmallCap Quality Dividend Growth Fund stock logo
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
$47.65
+0.1%
2.41%$1.15N/AN/A1N/A
Global Water Resources, Inc. stock logo
GWRS
Global Water Resources
$13.05
+0.6%
2.30%$0.3076.92%-1.88%63/13/2024
USFI
BrandywineGLOBAL - U.S. Fixed Income ETF
$24.28
-0.3%
2.22%$0.54N/AN/AN/AN/A
IBTO
iShares iBonds Dec 2033 Term Treasury ETF
$24.19
-0.2%
2.03%$0.49N/AN/AN/AN/A
VictoryShares US 500 Enhanced Volatility Wtd ETF stock logo
CFO
VictoryShares US 500 Enhanced Volatility Wtd ETF
$64.03
+0.3%
1.87%$1.20N/AN/A1N/A
Victoryshares Dividend Accelerator ETF stock logo
VSDA
Victoryshares Dividend Accelerator ETF
$49.01
+0.1%
1.88%$0.92N/AN/AN/AN/A
ULVM
VictoryShares US Value Momentum ETF
$72.69
+0.6%
1.84%$1.34N/AN/AN/AN/A
WABF
Western Asset Bond ETF
$25.51
-0.2%
1.80%$0.46N/AN/AN/AN/A
WisdomTree U.S. Quality Dividend Growth Fund stock logo
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
$74.72
+0.1%
1.66%$1.24N/AN/A1N/A
CALY
BlackRock Short-Term California Muni Bond ETF
$50.17
0.0%
1.63%$0.82N/AN/AN/AN/A
VictoryShares US Multi-Factor Minimum Volatility ETF stock logo
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
$44.25
-0.4%
1.60%$0.71N/AN/A1N/A
USVM
VictoryShares US Small Mid Cap Value Momentum ETF
$77.23
+0.1%
1.51%$1.17N/AN/AN/AN/A
Credit Suisse X-Links Silver Shares Covered Call ETN stock logo
SLVO
Credit Suisse X-Links Silver Shares Covered Call ETN
$73.04
+2.2%
2.37%$1.73N/AN/AN/AN/A
Credit Suisse X-Links Gold Shares Covered Call ETN stock logo
GLDI
Credit Suisse X-Links Gold Shares Covered Call ETN
$146.60
+0.7%
1.70%$2.49319.32%N/AN/AN/A
Mesa Royalty Trust stock logo
MTR
Mesa Royalty Trust
$10.51
-2.7%
0.95%$0.10N/A72.04%N/AN/A
VFLO
VictoryShares Free Cash Flow ETF
$30.14
0.0%
0.80%$0.24N/AN/AN/AN/A
VictoryShares Nasdaq Next 50 ETF stock logo
QQQN
VictoryShares Nasdaq Next 50 ETF
$29.34
+0.7%
0.58%$0.17N/AN/AN/AN/A
CONL
GraniteShares 2x Long COIN Daily ETF
$60.55
+22.6%
0.17%$0.10N/AN/AN/AN/A
NVDL
GraniteShares 2x Long NVDA Daily ETF
$228.14
+7.2%
4.43%$10.11N/AN/AN/AN/A
FBL
GraniteShares 2x Long META Daily ETF
$139.94
-1.5%
28.60%$40.02N/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.

Thomas Hughes

About Thomas Hughes

Experience

Thomas Hughes has been a contributing writer for DividendStocks.com since 2019.

Areas of Expertise

Technical analysis, the S&P 500; retail, consumer, consumer staples, dividends, high-yield, small caps, technology, economic data, oil, cryptocurrencies

Education

Associate of Arts in Culinary Technology

Past Experience

Market watcher, trader and investor for numerous websites. Founded Passive Market Intelligence LLC to provide market research insights. 

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