Please ensure Javascript is enabled for purposes of website accessibility
Accessibility Menu

15 Great Monthly Income Stocks to Buy Now

By Marc Rapport - Jul 18, 2022 at 7:00AM
A person peers over fanned-out $100 bills they are holding.

15 Great Monthly Income Stocks to Buy Now

Actively enjoy inflation-fighting passive income from these equities

There's a lot to like about stocks that pay dividends. They tend to outperform in down markets for one, and more predictably, they provide a stream of income that can supplement retirement or help build your savings for those golden years to come.

There are also currently 50 publicly traded companies that pay out monthly instead of quarterly. They're clustered among the real estate, financial services, energy, and utility sectors, and many of them have beaten-down share prices that add even more profit potential as they provide a little jolt of cash every four weeks that helps offset the effects of inflation on your savings and your spirits.

Here are 15 to consider. You'll notice a lot of these yields are less than inflation right now, but keep in mind that the S&P 500 itself is only yielding about 1.4%.

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.

Previous

Next

Person browsing in a department store.

1. Agree Realty

Agree Realty (NYSE: ADC) is, like several others in this list, a real estate investment trust (REIT) that must pay out at least 90% of its taxable income as dividends to shareholders. Agree owns more than 1,500 retail properties and is paying out a little over $0.23 a month per share, giving it a yield of about 3.9% at a share price of about $73.

ALSO READ: REITs Defined and Explained

Previous

Next

Pipeline runs through rural area.

2. Pembina Pipeline

Pembina Pipeline (NYSE: PBA) is currently pumping out a yield of about 5.6% from a monthly dividend of around $0.16 and share price of about $36. This Canadian firm is a major operator of pipelines, storage, and other transportation for the energy industry across North America.

Previous

Next

Two people dressed as aristocrats might have dressed 100 or more years ago and having tea and smiling.

3. Realty Income

Realty Income (NYSE: O) is one of the most widely held REITs in the market, with a portfolio of more than 11,200 properties and a record of 624 straight months of paying out monthly dividends.

This Dividend Aristocrat (that means it's raised its dividend for at least 25 straight years) is now yielding about 4.3% based on a share price of about $69 and a dividend of almost $0.25 per share per month.

ALSO READ: 3 Dividend Aristocrats to Buy and Hold Forever

Previous

Next

Group of people on laptops in room.

4. Gladstone Commercial

Gladstone Commercial (NASDAQ: GOOD) owns 131 office and industrial properties in 27 states. Its stable of 110 clients occupying that space provides a cash stream of nearly $0.13 per share that yields a very nice 7.9% at a share price of about $19.

Previous

Next

Distribution warehouse with trucks backed up to loading docks.

5. Stag Industrial

Stag Industrial (NYSE: STAG) is an industrial REIT, a notably hot sector that has seen rough times of late in the stock market. Stag stock itself is down about 30% year to date, but this owner of about 550 buildings in 40 states has built a strong record of payouts in the decade since it went public and has raised its dividend for four straight years, currently paying out around $0.12 a month per share, producing a yield of about 4.8% at a share price of about $31.

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.

Previous

Next

Dice spelling ETF.

6. Invesco S&P 500 High Dividend Low Volatility ETF

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEMKT: SPHD) is an exchange-traded fund (ETF) that invests in stocks from the S&P 500 index of that same name. That portfolio is heavily invested in REITs, utilities, and other defensive stocks and is currently paying out at the rate of a little more than $0.14 per share per month. At a share price of about $44, that’s good for a yield of about 3.7%.

ALSO READ: Investing in REIT ETFs

Previous

Next

A family shops in a store.

7. Whitestone REIT

Whitestone REIT (NYSE: WSR) owns a growing portfolio of community-focused, open-air shopping centers focused on high-growth Sunbelt markets. A monthly dividend of only $0.04 a share doesn't sound like much, but at a share price of about $10, that produces a payout of about 4.7%. Perfectly respectable.

Previous

Next

Stacks of change sit near a small model house as a person writes in a notebook in the background.

8. Orchid Island Capital

Orchid Island Capital (NYSE: ORC) is a mortgage REIT (mREIT), which make their money off buying and selling residential mortgage-backed securities. While particularly volatile, mREITs also can provide monster yields.

If you’re not scared off by the current housing market (or by ORC's ticker, you Lord of the Rings fans), you can enjoy a current yield of more than 17% at a monthly dividend of $0.45 and share price of about $3, both of which have fallen in recent months as interest rates have risen.

ALSO READ: Investing in Mortgage REITs

Previous

Next

Multiple sets of hands cradle a paper house.

9. AGNC Investment

AGNC Investment (NASDAQ: AGNC) is much larger than Orchid Island (with a market cap of about $6 billion versus $500 million) even though it's in the same business. AGNC hasn't reduced its dividend since the pandemic began and is currently paying $0.12 per share per month, good for an inflation-smashing yield of about 12.6% at a share price of around $11.

Previous

Next

Small business owner packing boxes and looking at laptop.

10. SLR Investment

SLR Investment (NASDAQ: SLRC) only began paying monthly in April, and at almost $0.14 per share per month, is yielding nearly 11% at a price of about $15 per share.

This business development company specializes in secured and subordinated lending to middle-market companies in a vast array of industries.

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.

Previous

Next

View of New York City from a bridge.

11. SL Green Realty

SL Green Realty (NYSE: SLG) is Manhattan's biggest office landlord, with a portfolio in and around the Big Apple of more than 80 properties and nearly 30 million square feet.

SL Green has raised its dividend by nearly 22% in the past three years and is currently distributing $0.31 per share per month, good for a payout of 8.1% at a share price of about $46.

ALSO READ: This Office REIT Is Betting Big on Manhattan's Recovery

Previous

Next

An oil rig at sunset.

12. San Juan Basin Royalty Trust

San Juan Basin Royalty Trust (NYSE: SJT) is an oil and gas royalty trust operating in the San Juan Basin of northwestern New Mexico. The company is currently pumping out a yield of about 13.7% at a share price of about $10 and a monthly dividend of a little more than $0.11.

This stock's payout goes up and down regularly because of oil and gas prices, of course, but unlike owning the wells themselves, you can always easily sell the stock and move on if things go too far south for you.

Previous

Next

A person smiling at an amusement park.

13. EPR Properties

PR Properties (NYSE: EPR) is the landlord for experiential businesses that got hammered by the pandemic, including movie theaters, amusement parks, eat-and-play properties, and ski resorts.

This REIT had quit paying dividends for more than a year but has been making up for lost time, and money, since last July, distributing nearly $0.28 per share per month for a current yield of about 6.8% at $48 per share.

Previous

Next

Medical worker checking patient's blood pressure in home setting.

14. LTC Properties

LTC Properties (NYSE: LTC) is just the kind of business that should be fairly recession-proof now that this healthcare REIT made it through the worst of the pandemic.

This investor in about 180 senior housing and skilled nursing facilities has been paying $0.19 per share per month without fail since raising it a penny in 2016.

That's not a lot of dividend growth, but it's still a yield of about 6% at a share price of about $38.

Previous

Next

Concrete and steel unfinished construction

15. Broadmark Realty Capital

Broadmark Realty Capital (NYSE: BRMK) specializes in short-term lending to residential and commercial developers. Like many in this business, this mREIT's stock has been hit hard and is down about 40% from its 52-week high to about $7. But it soldiers on, with a yield that has now reached about 12.3% at a monthly dividend of $0.07 per share.

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.

Previous

Next

A businessperson holding a stopwatch behind an ascending stack of coins.

Monthly dividends pay in more ways than one

Monthly dividends can not only make budgeting easier but also speed up the process of compounding. which we all can enjoy by reinvesting our payouts to generate even more income. Whether you take the money and run or stick it back into the market, well-chosen investments like this can pay off for years to come.

Marc Rapport has positions in Agree Realty, Gladstone Commercial, Realty Income, Stag Industrial, and Whitestone REIT. The Motley Fool has positions in and recommends Stag Industrial. The Motley Fool recommends EPR Properties and Pembina Pipeline. The Motley Fool has a disclosure policy.

Previous

Next

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.