What stock pays the highest dividend yield?

This is a tricky question, as the answer can change from one day to the next. The highest-yield stocks are often the riskiest because investors have sent share prices lower on expectations of a dividend cut. Annaly Capital Management (NYSE:NLY) is one recent example, with a dividend yield approaching 12.5% at current prices, following a 26% dividend cut in 2023 that could be matched by more cuts in the future. Investors are often better off finding high-quality yields from companies that can maintain or even raise the payout than chasing high yields that could be a dividend trap.

Which stocks pay more than a 6% dividend?

Gladstone Commercial (8%), EPR Properties (6.6%), and LTC Properties (6.5%) all pay yields above 6% at recent prices, while Realty Income (5.6%) is very close to a 6% yield and has a long history of growing its payout.

How do I make $1,000 a month in dividends?

Let's use the seven stocks in this article as an example. On average, they yield 6.3% in dividends yearly. So, if you invested $30,075 in each of these stocks (a $210,526 total investment), you would generate about $1,000 per month in dividends.

Are monthly dividends worth it?

They can be nice, especially for investors who are living off dividend income now. But secure dividends matter the most; getting reliable payouts -- even if it's every three months -- should be a bigger priority than a monthly check from a lower-quality business.

What is the most stable monthly dividend stock?

Realty Income has an exceptional track record, having increased its dividend at least once every year since 1994 and often increasing it every quarter, if not more often. The rate of payout growth has slowed, but it continues to prove an exceptionally safe, reliable monthly dividend stock.

Do monthly dividend stocks grow their dividends over time?

Many do, but only so long as they are able to grow their cash flows per share (and several in this article have had to cut their payouts in the past). It's important to research each company individually to determine whether it has a track record of growth and can continue to raise payouts.

How are monthly dividends taxed?

It depends on whether the dividend is a return of capital, a qualified dividend, or a regular dividend. The range can vary greatly, so check out this link for more details on how dividends are taxed.

7 Best Monthly Dividend Stocks for April 2026

Monthly dividends are income investments that can provide regular cash flow for investors. See which companies provide the highest dividend yields and pay outs monthly.

By Jason Hall – Updated Apr 13, 2026 at 5:38 PM EST | Fact-checked by Parker Hicks

Key Points

Monthly dividend stocks are great for investors looking for regular cash flow.
Top monthly choices include Realty Income, with a steady dividend growth history.
Investing focus: Secure dividends, growth potential, industry stability, and market leadership.

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Ticker Information Table
Company name	Company ticker	Market cap	Dividend yield	Industry
Realty Income	NYSE:O	$59.7 billion	5.05%	Retail REITs
Agree Realty	NYSE:ADC	$9.5 billion	3.94%	Retail REITs
EPR Properties	NYSE:EPR	$4.3 billion	6.29%	Specialized REITs
LTC Properties	NYSE:LTC	$1.9 billion	5.89%	Health Care REITs
Gladstone Commercial	NASDAQ:GOOD	$611.8 million	9.55%	Equity Real Estate Investment Trusts (REITs)
SL Green Realty	NYSE:SLG	$3.3 billion	6.14%	Office REITs
Main Street Capital	NYSE:MAIN	$4.9 billion	6.17%	Capital Markets

Data as of Apr 22, 2026. Showing 7 of 7 tickers.

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NYSE: O

Realty Income

Today's Change

(-1.42%) $-0.92

Current Price

$64.00

Key Data Points

Market Cap

$60B

Day's Range

$63.95 - $64.96

52wk Range

$54.38 - $67.94

Volume

2.8K

Avg Vol

6.3M

Gross Margin

48.73%

Dividend Yield

5.05%

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Since its 1994 initial public offering (IPO), Realty Income has increased its dividend 132 times while raising the payout at a 4.2% compound annual rate, giving this real estate investment trust (REIT) 32 years of dividend increases as a public company.

Realty Income has lots of room to grow. The company estimates the global market for real estate in its addressable market to be ~$14 trillion. That's a big opportunity to continue consolidating tenants' properties under its ownership, growing the payout, and rewarding patient investors every month.

2. Agree Realty

Agree Realty (ADC -0.88%) is another net-lease REIT that owns free-standing retail properties. It focuses on owning properties leased to essential retailers, such as supermarkets, home improvement stores, dollar stores, and drug stores that are less susceptible to disruption from e-commerce or a recession. This strategy enables Agree Realty to generate steady rental income to support its dividend.

A quick look at its dividend history can be misleading. The shift from a quarterly to a monthly dividend in 2021 can make it look like it cut its payout that year. But on an annualized basis, it has raised its payout every year since coming through the 2008-2009 financial crisis.

This REIT has increased its dividend at a 5% compound annual rate over the past decade, and it raised the payout twice in 2025 (and is likely to increase it at least once this year). That upward trend should continue as the company continues to expand its portfolio.

The retail REIT expects to invest ~$1.5 billion in real estate in 2026. Between that steady portfolio growth and strong tenant relationships (it has more than nine years in weighted average lease terms under contract), Agree Realty should remain a modest, reliable monthly dividend grower for years to come.

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NYSE: ADC

Agree Realty

Today's Change

(-0.88%) $-0.70

Current Price

$78.86

Key Data Points

Market Cap

$9.5B

Day's Range

$78.09 - $79.84

52wk Range

$69.56 - $82.08

Volume

Avg Vol

1.2M

Gross Margin

54.43%

Dividend Yield

3.94%

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3. EPR Properties

EPR Properties (EPR -0.70%) is a REIT specializing in owning experiential real estate properties. These include movie theaters, eat-and-play venues, casinos, ski resorts, gaming facilities, themed lodging, amusement and water parks, fitness centers, and more.

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NYSE: EPR

EPR Properties

Today's Change

(-0.63%) $-0.36

Current Price

$56.60

Key Data Points

Market Cap

$4.3B

Day's Range

$56.40 - $57.07

52wk Range

$48.10 - $62.08

Volume

12K

Avg Vol

906K

Gross Margin

51.15%

Dividend Yield

6.29%

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It secures these properties by signing triple net leases with the venue operators, meaning the tenants bear the responsibility for insurance, maintenance, and real estate taxes. EPR works with some of the largest and most popular operators in the industries it supports, which make up a $100 billion in combined market opportunity.

Even its movie theater business has stabilized after a brutal few years during the COVID-19 pandemic. EPR owns 148 movie theaters across North American, generating roughly 36% of its annualized Adjusted EBITDA from real estate. EPR is opportunistically selling lower-value theaters as it prioritizes business opportunities where the growth trends are strong.

As a result, EPR has returned to increasing its dividend. After cutting it by a third during the pandemic, it has since raised the payout three times, and it's up 24% since 2022.

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4. LTC Properties

LTC Properties (LTC -0.95%) is a healthcare REIT. It primarily invests in senior housing and skilled nursing properties secured by triple net leases, mortgage loans, and other cash-generating investment structures. The strategy gives the REIT a relatively steady income to support its monthly dividend.

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NYSE: LTC

LTC Properties

Today's Change

(-0.95%) $-0.37

Current Price

$38.51

Key Data Points

Market Cap

$1.9B

Day's Range

$38.24 - $39.09

52wk Range

$33.64 - $40.80

Volume

Avg Vol

402K

Gross Margin

71.13%

Dividend Yield

5.89%

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The COVID-19 pandemic hit seniors housing hard, affecting LTC Properties' tenants. Some struggled to pay rent, leading to bankruptcy. However, LTC's financial strength helped it weather the storm and offset some of the lost income, allowing it to maintain its monthly dividend while some peers cut their payouts. Still, LTC has not increased its payout since 2016.

However, LTC sees some possible positive long-term trends. According to a study conducted by Syracuse University, in 2030, the number of Americans 65 and older will have reached 73 million people. However, it must continue to stabilize its tenants and align with the best operators to secure that big-picture tailwind and reward shareholders. In the meantime, investors can earn a yield close to 6% by being patient.

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NASDAQ: GOOD

Gladstone Commercial

Today's Change

(-1.41%) $-0.18

Current Price

$12.57

Key Data Points

Market Cap

$612M

Day's Range

$12.53 - $12.79

52wk Range

$10.33 - $15.03

Volume

Avg Vol

466K

Gross Margin

42.04%

Dividend Yield

9.55%

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The culprit was poorly performing office properties, and the company continues to work through its portfolio to offload unprofitable assets.

While we can't count out another dividend cut, management seems to have stabilized the business and is back on the offensive. It has shifted its focus to high-demand industrial properties, retaining well-tenanted office properties for the long term and offloading those it doesn't expect to perform to its expectations. As a result, industrial properties now account for 69% of base rents, while the REIT continues to reduce office space in its mix.

It's still unclear when the dividend will resume growth. With a yield near 10% at recent prices, the market seems to be anticipating another payout cut.

Another big change recently happened, with founder David Gladstone stepping down as CEO (though he will remain chairman). Buzz Cooper, longtime President and and employee since its founding, is now CEO. This change seemed abrupt, but Gladstone isn't a young man, and Cooper's status as a founding employee should reassure investors to some degree.

6. SL Green

SL Green (SLG -1.13%), another REIT, is the largest office landlord in New York City. For years, owning Manhattan office buildings -- some of the most highly demanded, irreplaceable real estate assets on Earth -- was a huge strength.

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NYSE: SLG

SL Green Realty

Today's Change

(-1.13%) $-0.50

Current Price

$43.58

Key Data Points

Market Cap

$3.3B

Day's Range

$42.91 - $44.71

52wk Range

$34.77 - $66.91

Volume

1.6M

Avg Vol

1.4M

Gross Margin

34.70%

Dividend Yield

6.14%

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But the COVID-19 pandemic and the shift to more remote and hybrid work have weighed on the office REIT. SL Green's management adapted to the new reality by selling its least desirable and noncore assets and focusing on tenanting its vacant properties at competitive, profitable rates.

This includes a number of transactions in 2025 that enhance the cash flows and debt profile of its retail real estate in the heart of Times Square. It continued that momentum into 2026, with a record first quarter of leasing activity, particularly in its office buildings.

The bad news on the dividend has also turned positive, with the company raising it by 3% in late 2024 before doubling the payout in late 2025.
However, this update marks SL Green's last inclusion in this article, as the board made the decision to shift away from a monthly payout to a quarterly dividend. While fans of those monthly checks won't love the decision, amount of the payout is compelling, at $0.6175 per quarter. That works out to a 7% yield at recent prices, pretty solid so long as you're fine with four checks a year instead of 12.

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7. Main Street Capital

Unlike the REITs that make up the bulk of this list, Main Street Capital (MAIN -1.66%) is an investment company that lends money to middle-market companies, almost entirely to those owned by or being acquired by a private equity fund. This is a relatively unique business, one in which Main Street has been very successful for years.

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NYSE: MAIN

Main Street Capital

Today's Change

(-1.66%) $-0.91

Current Price

$54.05

Key Data Points

Market Cap

$4.9B

Day's Range

$53.75 - $55.58

52wk Range

$50.42 - $66.76

Volume

473

Avg Vol

779K

Gross Margin

100.00%

Dividend Yield

6.17%

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Since going public in 2007, it has delivered total returns of 1,570% to its shareholders, while its earnings per share have increased by 1,680%. It has more than doubled its dividend since 2010, and while management will lower the payout (as it did during the pandemic) when economic pressures are highest, and it makes sense to retain capital, it has delivered regular, consistent payout growth over the long term.

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Dividend stocks FAQ

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About the Author

Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.

TMFVelvetHammer

@thesmattering

Jason Hall has positions in EPR Properties and Realty Income. The Motley Fool has positions in and recommends EPR Properties and Realty Income. The Motley Fool has a disclosure policy.

7 Best Monthly Dividend Stocks for April 2026

Monthly dividends are income investments that can provide regular cash flow for investors. See which companies provide the highest dividend yields and pay outs monthly.

Key Points

Key Data Points

2. Agree Realty

Key Data Points

3. EPR Properties

Key Data Points

4. LTC Properties

Key Data Points

Key Data Points

6. SL Green

Key Data Points

7. Main Street Capital

Key Data Points

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Dividend stocks FAQ

What stock pays the highest dividend yield?

What stock pays the highest dividend yield?

Which stocks pay more than a 6% dividend?

Which stocks pay more than a 6% dividend?

How do I make $1,000 a month in dividends?

How do I make $1,000 a month in dividends?

Are monthly dividends worth it?

Are monthly dividends worth it?

What is the most stable monthly dividend stock?

What is the most stable monthly dividend stock?

Do monthly dividend stocks grow their dividends over time?

Do monthly dividend stocks grow their dividends over time?

How are monthly dividends taxed?

How are monthly dividends taxed?

About the Author

Read Next

Stocks Mentioned

Premium Investing Services

Dividend stocks FAQ

What stock pays the highest dividend yield?

What stock pays the highest dividend yield?

Which stocks pay more than a 6% dividend?

Which stocks pay more than a 6% dividend?

How do I make $1,000 a month in dividends?

How do I make $1,000 a month in dividends?

Are monthly dividends worth it?

Are monthly dividends worth it?

What is the most stable monthly dividend stock?

What is the most stable monthly dividend stock?

Do monthly dividend stocks grow their dividends over time?

Do monthly dividend stocks grow their dividends over time?

How are monthly dividends taxed?

How are monthly dividends taxed?

Top monthly dividend stocks to consider

9 Best Dividend Stocks to Buy and Hold for April 2026

Dividend Kings of 2026

20 Best High-Yield Dividend Stocks to Buy in 2026

How Often Are Dividends Paid on Stocks?

Key Data Points

How do monthly dividend stocks work?

Pros and cons of investing in monthly dividend stocks

Pros:

Cons:

How to choose a monthly dividend stock

How to invest in monthly dividend stocks

Invest in monthly dividend stocks for recurring income

Related investing topics

FAQ

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

1. Realty Income

2. Agree Realty

3. EPR Properties

4. LTC Properties

5. Gladstone Commercial Corporation