12 Sizzling Stocks That Pay Monthly Dividends

There are more than 4,000 publicly traded companies in the United States, and at any given time, half or more of them pay a dividend to shareholders.

That’s usually quarterly, but there are more than 50 that pay dividends every month, making them a great choice for people looking for a smooth income stream from that part of their investment portfolio.

Among that group are some very solid performers, primarily in real estate, energy, and financial services, including the 12 highlighted here. Each also is yielding more than the 1.3% or so from the S&P 500.

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Gladstone Commercial (NASDAQ: GOOD) is a good place to start this list. Based in McLean, Virginia, this real estate investment trust (REIT) has a portfolio of 129 industrial and office properties and has just declared its 207th straight monthly dividend. That $0.1254 payout per share yields about 6.47%.

ALSO READ: Best Dividend Stocks to Buy and Hold in 2022

This list wouldn't be complete without Realty Income (NYSE: O), which brands itself as "The Monthly Dividend Company," something this San Diego-based owner of more than 11,000 properties in all 50 states and beyond has done for more than 50 years, including raising the dividend for 28 consecutive years. The current dividend of $0.247 is good for a yield of 3.95%.

Prospect Capital (NASDAQ: PSEC) is a New York City-based business development company (BDC) with a current portfolio of loans to 127 companies in 39 industries around the country. Like REITs, BDCs are required by tax law to pay at least 90% of their profits out to shareholders, which Prospect is doing at the rate of $0.06 per share, good for a current yield of about 8.55%.

AGNC Investment (NASDAQ: AGNC) is a mortgage REIT, making its money by investing primarily in residential mortgage-backed securities backed by the U.S. government. Mortgage REITs can be quite rate sensitive, but they also tend to pay high yields. AGNC's right now is about 11.5% from a monthly dividend of $0.12.

ALSO READ: 3 Inflation-Resistant REITs That Are Keeping My Portfolio Afloat

Agree Realty (NYSE: ADC) is a Detroit-based owner and operator of 1,404 retail properties in 44 states with a tenant list dominated by investment-grade national companies. Agree just raised its monthly dividend to $0.234 a share, giving it a yield of about 3.78%.

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.

From its base in Westlake Village, California, LTC Properties (NYSE: LTC) operates in 27 states, with a portfolio of 181 investments evenly split between senior housing and skilled nursing properties. LTC stock is now yielding about 6.31% on a monthly dividend of $0.19.

ALSO READ: How the Pandemic Changed LTC Properties' Portfolio

Boston-based STAG Industrial (NYSE: STAG) has only been around since 2011, but it has grown its holdings to 544 industrial properties in 40 states. Demand for logistics and warehouse space should help STAG build on its record of increasing its dividend on average by about 3.4% a year. Currently, it’s paying $0.1217 per share per month, good for a yield of about 3.46%.

Seattle-based Broadmark Realty Capital (NYSE: BRMK) is a mortgage REIT and a fast-growing lender of $2 million to $50 million a pop to residential and commercial builders and developers across the country. Right now, Broadmark stock is yielding about 10.21% from a monthly dividend of $0.07 per share.

ALSO READ: How to Invest in Mortgage REITs

Shares of Pembina Pipeline (NYSE: PBA) are currently pumping out a dividend of $0.1680 a month, good for a yield of about 4.87%. Based in Calgary, Alberta, Pembina transports and stores oil and natural gas to and from areas of western Canada.

Amusement parks, movie theaters, and ski resorts are the bread and butter of EPR Properties (NYSE: EPR), a Missouri-based experiential REIT with holdings in 44 states. After halting payouts for several months during the worst of the pandemic, EPR is now paying $0.2750 a share, good for a yield of about 6.14%.

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.

SL Green Realty (NYSE: SLG) is an office REIT and the largest owner of such properties in New York City, especially Manhattan, with 88 buildings totaling about 38 million square feet. SL Green stock is currently paying a dividend of $0.3108 a month, good for a yield of about 4.93%.

ALSO READ: Want $300 in Dividends Every Month? Invest This Amount in These 3 Stocks

Here’s a promising energy play. San Juan Basin Royalty Trust (NYSE: SJT) reaps royalties from oil and natural gas properties in northwestern New Mexico. This business changes its monthly payout frequently, and for May it will pay $0.0829 per share for a yield of about 7.9% after hitting a high of about 24% in November.

Not all stocks that pay dividends monthly are alike. The 12 described here, though, do share solid prospects for continuing their payment performance, and maybe even share-price growth to boot.

Marc Rapport owns Agree Realty and Gladstone Commercial. The Motley Fool owns and recommends Stag Industrial. The Motley Fool recommends EPR Properties and PEMBINA PIPELINE CORPORATION. The Motley Fool has a disclosure policy.