13 Cheap Monthly Dividend Stocks to Buy

Published on November 17, 2023 at 10:32 am by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 13 cheap monthly dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their previous performance, and go directly to read 5 Cheap Monthly Dividend Stocks to Buy.

According to a Wisdom Tree report, dividends have increased by an average of 5.7% annually since 1957—over 2% higher than inflation. Professor Jeremy Siegel calls these stocks “Super TIPS” because they offer protection against inflation in the long run, along with real growth. This held true during high-inflation periods like the ’70s and ’80s, where inflation averaged over 6%, and also during low-inflation periods, like the last three decades. The report also mentioned that dividends tend to be steadier compared to stock prices. Over the past 64 years, dividends decreased in merely six years, and and saw a drop of more than 5% during a single year. However, during the same time frame, stock prices experienced declines in 18 years. The most significant decrease in a calendar year was over 40%, and the average decline amounted to more than 11%.

US companies have aimed to keep their dividends stable, considering what investors prefer. In the third quarter of 2023, most big U.S. companies that pay dividends either increased their payouts or kept them the same, which led to a 4.5% rise in the cash they distributed. This outpaced the global trend, as per a recent Janus Henderson report. However, the report also mentioned that the growth rate of U.S. dividends has been slowing down for eight quarters in a row due to concerns about the economy after the Federal Reserve aimed to control inflation by raising interest rates. Despite this, the U.S. is on track to set a record for total dividend payouts in 2023, having already paid out $146.6 billion just in the third quarter.

AbbVie Inc. (NYSE:ABBV), Target Corporation (NYSE:TGT), and Kimberly-Clark Corporation (NYSE:KMB) are notable for being strong dividend stocks that pay dividends to shareholders every quarter. They’re among the many companies that follow this quarterly dividend payout schedule. However, it’s worth noting that while these companies pay dividends on a quarterly basis, there are plenty of other stocks in the market that offer a different schedule, paying dividends monthly instead of every three months. This diverse range of dividend payment frequencies provides investors with options to choose based on their preferences and investment strategies. In this article, we will have a look at some of the best dividend stocks that pay monthly dividends to shareholders.

Pixabay/Public Domain

Our Methodology:

We made this list by focusing on stocks that pay monthly dividends and have a trailing twelve-month (TTM) price-to-earnings (P/E) ratio below 25. Since a lot of companies that offer monthly dividends are in the real estate investment trust (REIT) sector, most of the stocks on our list are from this particular industry. The stocks are ranked in ascending order of P/E ratios.

13. Stellus Capital Investment Corporation (NYSE:SCM)

P/E Ratio (TTM): 24.33

Stellus Capital Investment Corporation (NYSE:SCM) is an American business development company that primarily focuses on providing financing solutions to middle-market companies. The company offers a monthly dividend of $0.1333 per share and has a dividend yield of 12.16%, as of November 17. It has been paying regular dividends to shareholders since 2012, which makes it one of the best dividend stocks on our list.

In addition to AbbVie Inc. (NYSE:ABBV), Target Corporation (NYSE:TGT), and Kimberly-Clark Corporation (NYSE:KMB), investors can also add SCM to their dividend portfolios because of the company’s monthly payouts.

As of the close of Q2 2023, 4 hedge funds tracked by Insider Monkey reported having stakes in Stellus Capital Investment Corporation (NYSE:SCM), up from 3 in the previous quarter. The consolidated value of these stakes is more than $11.2 million.

12. EPR Properties (NYSE:EPR)

P/E Ratio (TTM): 23.51

EPR Properties (NYSE:EPR) is a Missouri-based real estate investment trust company that specializes in owning, acquiring, and managing properties in sectors such as entertainment, recreation, and education. The company was a part of 19 hedge fund portfolios at the end of Q2 2023, which remained the same from the previous quarter. The stakes owned by these funds have a collective value of over $208 million.

EPR Properties (NYSE:EPR) is one of the best dividend stocks on our list as the company has been making uninterrupted dividend payments to shareholders since 1997. The company pays a monthly dividend of $0.275 per share and has a dividend yield of 7.27%, as of November 17.

11. Apple Hospitality REIT, Inc. (NYSE:APLE)

P/E Ratio (TTM): 23.84

Apple Hospitality REIT, Inc. (NYSE:APLE) is a real estate investment trust company that focuses on acquiring and owning a portfolio of upscale select-service hotels across the US. On October 19, the company declared a monthly dividend of $0.08 per share, which was in line with its previous dividend. The stock has a dividend yield of 5.84%, as of November 17.

As of the close of Q2 2023, 17 hedge funds in Insider Monkey’s database owned stakes in Apple Hospitality REIT, Inc. (NYSE:APLE), down from 18 in the previous quarter. The consolidated value of these stakes is over $62.6 million. With roughly 1.6 million shares, Millennium Management was the company’s leading stakeholder in Q2.

10. AGNC Investment Corp. (NASDAQ:AGNC)

P/E Ratio (TTM): 18.08

AGNC Investment Corp. (NASDAQ:AGNC) operates as a real estate investment trust company that invests in residential mortgage-backed securities. The company finances these investments by borrowing money at short-term interest rates and investing in higher-yielding mortgage securities, thereby aiming to earn a profit on the interest rate spread.

AGNC Investment Corp. (NASDAQ:AGNC) initiated its dividend policy in 2008 and has paid regular dividends to shareholders since then, which makes AGNC one of the best dividend stocks on our list. Its monthly dividend currently comes in at $0.12 per share and has a dividend yield of 16.59%, as of November 17.

At the end of June 2023, 18 hedge funds in Insider Monkey’s database owned stakes in AGNC Investment Corp. (NASDAQ:AGNC), compared with 24 in the previous quarter. These stakes are collectively valued at over $102.4 million.

9. LTC Properties, Inc. (NYSE:LTC)

P/E Ratio (TTM): 17.09

LTC Properties, Inc. (NYSE:LTC) invests in senior housing and healthcare properties in the US. These properties are leased or mortgaged to healthcare operators, including both regional and national healthcare companies. On October 2, the company declared a monthly dividend of $0.19 per share, which was consistent with its previous dividend. It is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders for the past 31 years. As of November 17, the stock has a dividend yield of 6.99%.

According to Insider Monkey’s database of Q2 2023, 8 hedge funds owned stakes in LTC Properties, Inc. (NYSE:LTC), down from 10 in the previous quarter. These stakes have a total value of over $7.4 million. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q2.

8. Ellington Residential Mortgage REIT (NYSE:EARN)

P/E Ratio (TTM): 17.06

An American real estate investment trust company, Ellington Residential Mortgage REIT (NYSE:EARN) is next on our list of the best dividend stocks. On November 7, the company announced a monthly dividend of $0.08 per share, which fell in line with its previous dividend. The stock has a dividend yield of 16.08%, as of November 17.

As of the end of Q2 2023, 6 hedge funds in Insider Monkey’s database owned stakes in Ellington Residential Mortgage REIT (NYSE:EARN), the same as in the previous quarter. These stakes have a consolidated value of over $3 million.

7. Whitestone REIT (NYSE:WSR)

P/E Ratio (TTM): 14.60

Whitestone REIT (NYSE:WSR) is a Texas-based real estate investment trust company that focuses on owning, operating, and leasing commercial properties in culturally rich neighborhoods, primarily in markets within the US. The company has an 11-year run of paying regular dividends to shareholders and currently pays a monthly dividend of $0.04 per share. The stock’s dividend yield on November 17 came in at 4.38%.

As of the end of Q2 2023, 10 hedge funds in Insider Monkey’s database reported having stakes in Whitestone REIT (NYSE:WSR), down from 12 in the previous quarter. The overall value of these stakes is more than $20 million.

6. U.S. Global Investors, Inc. (NASDAQ:GROW)

P/E Ratio (TTM): 13.14

U.S. Global Investors, Inc. (NASDAQ:GROW) is an investment management firm that focuses on providing investment advisory services, primarily to institutional and individual investors. The firm also offers advisory services to clients seeking guidance on investment strategies, portfolio management, and asset allocation based on their financial goals and risk tolerance.

U.S. Global Investors, Inc. (NASDAQ:GROW), one of the best dividend stocks, pays a monthly dividend of $0.0075 per share. The stock has a dividend yield of 3.26%, as of November 17.

The number of hedge funds tracked by Insider Monkey owning stakes in U.S. Global Investors, Inc. (NASDAQ:GROW) stood at 5 in Q2 2023, which remained unchanged from its previous dividend. The collective value of these stakes is roughly $2 million. Royce & Associates was the largest stakeholder of the company in the second quarter.

Click to continue reading and see 5 Cheap Monthly Dividend Stocks to Buy.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up