5 Best Monthly Dividend Stocks to Buy According to Analysts

4. Modiv Inc. (NYSE:MDV)

Number of Hedge Fund Holders: 1
Upside Potential as of August 6: 23.08%

Modiv Inc. (NYSE:MDV) is a Nevada-based real estate investment trust company that allows regular people to invest directly in a bundle of commercial real estate properties that make money, all without any middlemen. In the first quarter of 2023, the company reported a 7.3% year-over-year growth in its revenue at $10.3 million. The company ended the quarter with over $13.2 million in cash and cash equivalents, up from $8.6 million at the end of December 2022.

Modiv Inc. (NYSE:MDV) started paying dividends in February 2022 and has paid regular dividends to shareholders since then. It currently pays a monthly dividend of $0.0958 per share and has a dividend yield of 8.74%, as of August 6. With an upside potential of 23.08%, MDV is one of the best dividend stocks on our list.

At the end of Q1 2023, 1 hedge fund in Insider Monkey’s database reported having stakes in Modiv Inc. (NYSE:MDV), worth $115,000.

Follow Modiv Industrial Inc.