12 Stocks That Pay Monthly Dividends

Not all stocks pay dividends, and those that do don’t all the time. And when they do, they tend to pay quarterly. But of the 3,000 or so stocks on the major exchanges that pay dividends, there are about 50 that pay monthly.

Dividends themselves are a nice way to generate passive income while easing the pain from falling stock prices. Plus, dividend yield is a percentage that rises when stock prices fall, since it’s simply dividend divided by price. That’s a nice way to comfort yourself a bit about the price even though the dividend itself hasn’t changed. Plus, if you like the stock, the lower price can be a good opportunity to buy more.

Here are a dozen monthly dividend payers to consider.

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Realty Income (NYSE: O) bills itself as “The Monthly Dividend Company,” and this real estate investment trust (REIT) has been doing that for 619 straight months. Realty Income generates the income it shares from a portfolio of about 11,000 properties in all 50 states, Puerto Rico, the United Kingdom, and Spain. Its largest tenants are 7-Eleven, Walgreens, Dollar General, and FedEx. Its stock is now yielding about 4.3% on monthly dividends of $0.25 per share and a share price of about $68.20. Realty Income also is a Dividend Aristocrat, a title it earned after posting 25 straight years of increasing its payout.

ALSO READ: 3 Dividend Aristocrats to Buy and Hold Forever

Agree Realty (NYSE: ADC) is another retail REIT, making its hay from a collection of 1,404 properties in 47 states with a tenant list headed up by Walmart; Sherwin-Williams; and TJX Companies, owner of the T.J. Maxx, Marshalls, and HomeGoods brands. Agree Realty has raised its dividend for the past two years and is currently paying $0.28 per month per share, yielding about 4.25% on a share price of about $63.88.

Global Water Resources (NYSE: GWRS) owns and operates 17 utilities that provide water, wastewater, and recycled water services primarily in the Phoenix area. The company has raised its dividend for six straight years and is now paying $0.29 per month per share, yielding about 1.94% on a share price of about $14.74.

Pembina Pipeline (NYSE: PBA) owns and operates oil and gas pipelines and processing facilities, primarily in Western Canada, serving as a midstream and marketing services provider to the energy industry. Pembina is currently paying $0.17 per month per share, yielding about 6.5% on a share price of about $30.65.

Stag Industrial (NYSE: STAG) buys and operates single-tenant industrial properties across the United States. The largest tenants of this REIT’s portfolio of 517 buildings include Amazon, XPO Logistics, and FedEx. Stag has raised its dividend for nine years straight and is currently paying $0.12 per month per share, yielding about 3.5% on a share price of about $40.64.

5 Stocks Under $49
Presented by Motley Fool Stock Advisor
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!" It's true, but we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Click here to learn how you can grab a copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

Gladstone Commercial (NYSE: GOOD) is a diversified REIT with 127 properties leased to industrial and office tenants in 27 states. The company has raised its dividend for three straight years and is currently paying $0.13 per month per share, yielding about 6.5% on a share price of about $22.75.

Gladstone Land (NYSE: LAND) is a sister operation to Gladstone Commercial. This REIT owns and leases more than 150 farms totaling more than 105,000 acres in 14 states. Gladstone Land has raised its dividend for eight consecutive years and is currently paying $0.05 per month per share, yielding about 1.86% on a share price of about $28.93.

AGNC Investment (NYSE: AGNC) is a mortgage REIT (mREIT) that buys and sells residential mortgage-backed securities guaranteed by agencies and organizations like Fannie Mae and Freddie Mac. AGNC is currently paying $0.12 per month per share, yielding about 9.78% on a share price of about $14.74.

ALSO READ: Investing in Mortgage REITs

Broadmark Realty Capital (NYSE: BRMK) is another mREIT. This company specializes in short-term construction loans for the acquisition, development, or renovation of residential or commercial properties. Broadmark has raised its dividend for two straight years and is currently paying $0.07 per month per share, yielding about 9.15% on a share price of about $9.18.

EPR Properties (NYSE: EPR) is a REIT that specializes in owning and leasing experiential properties such as movie theaters, theme parks, and ski resorts. After eliminating its dividend for more than a year as the pandemic hammered the hospitality industry, EPR Properties has been paying $0.25 per share a month for the past seven months, yielding about 6.9% on a share price of about $43.47.

5 Stocks Under $49
Presented by Motley Fool Stock Advisor
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!" It's true, but we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Click here to learn how you can grab a copy of “5 Growth Stocks Under $49” for FREE for a limited time only.

Dynex Capital (NYSE: DX) is another mortgage REIT that specializes in residential and commercial mortgage-backed securities, the latter backed by office, retail, hospitality, and healthcare properties. The company is paying $0.13 per share a month, good for a yield of about 9.86% on a share price of about $15.65.

SL Green Realty (NYSE: SLG) is one of New York City’s biggest landlords with a portfolio of about 76 buildings containing about 35 million square feet of office, retail, and residential space. This diversified REIT is now paying $0.31 per share a month, good for a yield of about 5.07% on a share price of about $73.38.

Now is a good time to consider actively investing in the wide variety of great companies that pay growing dividends, providing you with a steady stream of income. Dividend-paying stocks also can be less volatile than many growth-oriented equities bought and sold primarily for capital appreciation. Plus, if they pay monthly, that’s a nice bonus, for anyone really, but perhaps especially for retired investors supplementing Social Security and other income streams.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Marc Rapport owns Amazon. The Motley Fool owns and recommends Amazon, FedEx, and Stag Industrial. The Motley Fool recommends EPR Properties, Goodfood Market Corp, PEMBINA PIPELINE CORPORATION, Sherwin-Williams, The TJX Companies, and XPO Logistics. The Motley Fool has a disclosure policy.