10 Best Monthly Dividend Stocks With 5+% Yield

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9. Apple Hospitality REIT Inc (NYSE:APLE)

There were nine funds holding shares of Apple Hospitality REIT Inc (NYSE:APLE) on March 31, with a total value of $38.02 million, compared to 12 funds with stakes worth $50 million a quarter earlier. Apple Hospitality REIT Inc (NYSE:APLE) invests in lodging properties in the U.S and currently has over 230 hotels across 33 states. It pays a monthly dividend of $0.10 per share, which gives the stock a yield of 6.6%. However, it should be mentioned that Apple Hospitality REIT Inc (NYSE:APLE)’s payout ratio is at 170%, which means that the company is paying out in dividends much more than it earns. It suggests that the company could be forced to reduce its dividend, although its payments have been consistent over the last couple of years.

Follow Apple Hospitality Reit Inc. (NYSE:APLE)

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