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15 Stocks That Pay Dividends Monthly

In this article, we discuss 15 stocks that pay dividends monthly. You can skip our detailed analysis of dividend stocks and their performance, and go directly to read 5 Stocks That Pay Dividends Monthly

The popularity of dividends experienced fluctuations over the years due to economic conditions, market trends, and investor preferences. However, paying dividends has been a long-standing practice in the financial world as they remained a fundamental component of investment returns. Dividend income represented nearly 41% of the S&P 500’s total returns from 1930 to 2022, as we reported in our article, 25 Things Every Dividend Investor Should Know. This shows that dividend income, in addition to capital appreciation, has played a significant role in the market’s overall returns.

Last year was a challenging period for the market as it was hit by tightening monetary policies and growing inflation. Resultantly investors flocked toward dividend-paying stocks to meet their financial needs and obligations. They mainly focused on companies with strong dividend growth histories because of income reliability and a sense of stability. This proved to be the right decision as the S&P 500 Dividend Aristocrat Index outperformed the S&P 500 by a wide margin last year. The S&P 500 High Dividend Index, which tracks the performance of high-yield stocks, lost about 1% in 2022, compared with an 18% decline in the broader market.

Also read: 25 highest-paying monthly dividend stocks

Regardless of their strong performance last year, dividends experienced an uncertain market sentiment in 2023. The advancements and expansion of artificial intelligence (AI) have brought growth tech stocks into the limelight all over again. As of June 19, the tech-heavy NASDAQ gained about 31.8%, outshining the S&P 500 Dividend Aristocrat Index, which is up 3.71% this year so far. However, this does not suggest that the dividend era is over. Global dividend payments grew by 12% in the first quarter of 2023 to a record of $326.7 billion, as reported by Janus Henderson. The report further mentioned that this dividend growth was mainly driven by the largest contribution from special dividends in nine years.

Analysts are also giving a strong outlook for dividend stocks this year especially companies with long dividend growth streaks. Chris Senyek, a chief investment strategist at Wolfe Research, spoke with Barron’s about the significance of dividend stocks in the current environment. Here are some comments from the analyst:

“During economic slowdowns or recessionary environments, our favorite yield-focused strategy is buying companies with a long track record of consistently increasing dividends. This cohort of stocks has generally outperformed heading into and out of recessions.”

The Coca-Cola Company (NYSE:KO), The Procter & Gamble Company (NYSE:PG), and Exxon Mobil Corporation (NYSE:XOM) are some popular companies with decades-long dividend growth track records. However, in this article, we will take a look at some of the best dividend stocks that pay monthly dividends. To know more about such stocks, readers can have a look at 12 Monthly Dividend Stocks Under $10.

Photo by Karolina Grabowska: https://www.pexels.com/photo/hands-holding-us-dollar-bills-4968630/

Our Methodology:

For this list, we used Insider Monkey’s database of 943 hedge funds as of Q1 2023 and selected companies that pay monthly dividends to shareholders. From the resultant list, we picked 15 stocks with the highest number of hedge fund investors. The stocks are ranked in ascending order of hedge funds having stakes in them. Most of these companies belong to the REIT sector as these companies are required to distribute 90% of their taxable income to shareholders in the form of dividends.

15. Stellus Capital Investment Corporation (NYSE:SCM)

Number of Hedge Fund Holders: 3

Dividend Yield as of June 19: 11.43%

Stellus Capital Investment Corporation (NYSE:SCM) is an American externally-managed investment management company that invests in lower middle market companies. The company showed strong results in the first quarter of 2023, with $24.08 million in revenues, up 55.5% from the same period last year. During the quarter, it paid nearly $2.7 million to shareholders in dividends, which makes it one of the best dividend stocks on our list.

On May 26, Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend of $0.1333 per share, which was in line with its previous dividend. Last year, the company also paid additional dividends to shareholders. The stock’s dividend yield on June 19 came in at 11.43%.

In June, B.Riley initiated its coverage on Stellus Capital Investment Corporation (NYSE:SCM) with a Neutral rating and a $14 price target. presenting a positive outlook on the company.

SCM can be added to dividend portfolios alongside some of the best dividend stocks such as The Coca-Cola Company (NYSE:KO), The Procter & Gamble Company (NYSE:PG), and Exxon Mobil Corporation (NYSE:XOM).

At the end of Q1 2023, 3 hedge funds tracked by Insider Monkey reported having stakes in Stellus Capital Investment Corporation (NYSE:SCM), the same as in the previous quarter. These stakes have a collective value of over $2.24 million. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q1.

14. ARMOUR Residential REIT, Inc. (NASDAQ:ARR)

Number of Hedge Fund Holders: 4

Dividend Yield as of June 19: 18.46%

ARMOUR Residential REIT, Inc. (NASDAQ:ARR) is a real estate investment trust company, based in Florida. The company mainly invests in residential mortgage-backed securities. On May 31, the company declared a monthly dividend of $0.08 per share, which was consistent with its previous dividend. Though it does not have any dividend growth track record, it has been paying regular dividends to shareholders since 2010. With a dividend yield of 18.46% as of June 19, it is one of the best dividend stocks on our list.

At the end of March 31, ARMOUR Residential REIT, Inc. (NASDAQ:ARR) had over $135.4 million available in cash, and its total assets amounted to over $13.2 billion. The company’s net interest income for the quarter came in at $12 million and its distributable earnings available to common shareholders stood at roughly $50 million.

As of the close of Q1 2023, 4 hedge funds tracked by Insider Monkey reported having stakes in ARMOUR Residential REIT, Inc. (NASDAQ:ARR), worth over $6 million collectively.

13. Ellington Financial Inc. (NYSE:EFC)

Number of Hedge Fund Holders: 5

Dividend Yield as of June 19: 13.31%

Ellington Financial Inc. (NYSE:EFC) is an American real estate credit company that holds investments in a wide range of financial assets.  Recently, the company announced its plan to acquire Arlington Asset Investment, another mortgage REIT, which would increase its scale and liquidity. The acquisition is expected to improve the company’s operating expenses, earnings, and book value.

Ellington Financial Inc. (NYSE:EFC), one of the best dividend stocks on our list, currently pays a monthly dividend of $0.15 per share. The stock’s dividend yield on June 19 came in at 13.31%.

Ellington Financial Inc. (NYSE:EFC) generated over $87 million in revenues in the first quarter of 2023, which showed a 70.6% growth from the same period last year. The company had over $188.5 million available in cash and cash equivalents at the end of March 31.

According to Insider Monkey’s database of 943 hedge funds as of Q1 2023, 5 funds owned stakes in Ellington Financial Inc. (NYSE:EFC), with a collective value of over $16.8 million. Mike Vranos’ Ellington was the company’s leading stakeholder in Q1.

12. Orchid Island Capital, Inc. (NYSE:ORC)

Number of Hedge Fund Holders: 6

Dividend Yield as of June 19: 18.69%

Orchid Island Capital, Inc. (NYSE:ORC) is a Florida-baed specialty finance company that invests in residential mortgage-backed securities on a leveraged basis. For the first quarter of 2023, the company’s net income came in at $3.5 million. At the end of March 31, it had roughly $186 million available in cash and cash equivalents.

Orchid Island Capital, Inc. (NYSE:ORC) is one of the best dividend stocks on our list as it had paid regular dividends to shareholders since its IPO in 2013. It currently pays a monthly dividend of $0.16 per share and has a dividend yield of 18.69%, as recorded on June 19.

At the end of March 31, Orchid Island Capital, Inc. (NYSE:ORC) was a part of 6 hedge fund portfolios, the same as in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $6 million.

11. Prospect Capital Corporation (NASDAQ:PSEC)

Number of Hedge Fund Holders: 7

Dividend Yield as of June 19: 11.56%

Prospect Capital Corporation (NASDAQ:PSEC) is next on our list of the best stocks that pay monthly dividends. The business development company reported a total investment income of $215 million in fiscal Q3 2023, up 18.6% from the same period last year.  It had over $65 million available in cash and cash equivalents, compared with $35.3 million during the prior-year quarter.

Prospect Capital Corporation (NASDAQ:PSEC) currently offers a monthly dividend of $0.06 per share and has a dividend yield of 11.56%, as of June 19. It is one of the best dividend stocks on our list as it has been making monthly dividend payments for 70 consecutive months.

The number of hedge funds tracked by Insider Monkey owning stakes in Prospect Capital Corporation (NASDAQ:PSEC) grew to 7 in Q1 2023, from 4 in the previous quarter. These stakes are collectively valued at over $4 million.

10. Main Street Capital Corporation (NYSE:MAIN)

Number of Hedge Fund Holders: 9

Dividend Yield as of June 19: 7.04%

Main Street Capital Corporation (NYSE:MAIN) is a Texas-based capital market company that provides long-term debt and equity capital to lower middle market companies. In May, B. Riley raised its price target on the stock to $46, highlighting the company’s overall performance this year.

On May 2, Main Street Capital Corporation (NYSE:MAIN) declared a 2.2% hike in its monthly dividend to $0.23 per share. The company also declared a supplemental dividend of $0.225 per share. With a dividend yield of 7.04% as of June 19, MAIN is one of the best dividend stocks on our list that pay monthly dividends.

In the first quarter of 2023, Main Street Capital Corporation (NYSE:MAIN) reported a total investment income of $120.3 million and its net investment income for the quarter came in at over $81 million. The company posted an EPS of $1.07, which beat Street estimates by $0.11.

At the end of Q1 2023, 9 hedge funds in Insider Monkey’s database reported having stakes in Main Street Capital Corporation (NYSE:MAIN), compared with 11 in the previous quarter. These stakes are collectively valued at roughly $23 million.

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

Number of Hedge Fund Holders: 10

Dividend Yield as of June 19: 6.70%

LTC Properties, Inc. (NYSE:LTC) is an American real estate investment trust company that invests in senior housing and healthcare facilities. In the first quarter of 2023, the company reported revenue of roughly $50 million, which showed a 21.4% growth from the same period last year. Its net income available to common stakeholders came in at nearly $33 million, up from $14.2 million from the prior-year period.

One of the best dividend stocks on our list, LTC Properties, Inc. (NYSE:LTC) pays a monthly dividend of $0.16 per share. The stock’s dividend yield on June 19 came in at 6.70%.

In April, Wells Fargo initiated its coverage on LTC Properties, Inc. (NYSE:LTC) with an Equal Weight rating and a $36 price target.

According to Insider Monkey’s database, 10 hedge funds owned investments in LTC Properties, Inc. (NYSE:LTC) in Q1 2023, up from 9 in the previous quarter. The stakes owned by these funds have a collective value of over $8.3 million. Ken Griffin’s Citadel Investment Group was the company’s leading stakeholder in Q1.

8. Dynex Capital, Inc. (NYSE:DX)

Number of Hedge Fund Holders: 11

Dividend Yield as of June 19: 12.57%

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based real estate investment trust company that invests in mortgage loans. On June 12, the company declared a monthly dividend of $0.13 per share, which was in line with its previous dividend. It has been paying regular dividends to shareholders since 2008, which makes it one of the best dividend stocks on our list. The stock’s dividend yield came in at 12.57% on June 19.

At the end of Q1 2023, 11 hedge funds in Insider Monkey’s database reported having stakes in Dynex Capital, Inc. (NYSE:DX), compared with 13 a quarter earlier. These stakes are collectively worth over $45.5 million.

7. STAG Industrial, Inc. (NYSE:STAG)

Number of Hedge Fund Holders: 15

Dividend Yield as of June 19: 4.02%

STAG Industrial, Inc. (NYSE:STAG) is an American real estate investment trust company that mainly specializes in industrial properties throughout the US. The company posted strong results in the first quarter of 2023, with revenue of $173.5 million showing a 9% year-over-year growth. Its cash and cash equivalents at the end of March 31 amounted to over $17.2 million.

STAG Industrial, Inc. (NYSE:STAG), one of the best dividend stocks, has been raising its dividends consistently for the past 11 years. It pays a monthly dividend of $0.1225 per share and has a dividend yield of 4.02%, as recorded on June 19.

STAG Industrial, Inc. (NYSE:STAG) was a part of 15 hedge fund portfolios in Q1 2023, according to Insider Monkey’s database. The stakes owned by these elite funds are collectively worth over $121 million. With over 1.5 million shares, Waterfront Capital Partners was the company’s leading stakeholder in Q1.

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

Number of Hedge Fund Holders: 18

Dividend Yield as of June 19: 6.34%

Apple Hospitality REIT, Inc. (NYSE:APLE) is a Virginia-based real estate investment trust company that owns portfolios of some of the biggest rooms-focused hotels in the country. It currently pays a monthly dividend of $0.08 per share and has a dividend yield of 6.34%, as of June 19. In 2022, it raised its dividends two times, after recovering from the pandemic-related losses. APLE is among the best dividend stocks on our list.

Other popular dividend stocks among investors are The Coca-Cola Company (NYSE:KO), The Procter & Gamble Company (NYSE:PG), and Exxon Mobil Corporation (NYSE:XOM).

Apple Hospitality REIT, Inc. (NYSE:APLE) generated $311.4 million in revenues in Q1 2023, up 20% from the same period last year. Its net income for the quarter came in at $33 million, showing an 83% year-over-year growth.

At the end of March 31, 18 hedge funds tracked by Insider Monkey held stakes in Apple Hospitality REIT, Inc. (NYSE:APLE), worth collectively over $112.2 million. Ken Griffin, Steve Cohen, and Mark Coe were some of the company’s leading stakeholders in Q1.

Click to continue reading and see 5 Stocks That Pay Dividends Monthly.

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Disclosure. None. 15 Stocks That Pay Dividends Monthly is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

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!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

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!

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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:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

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


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!