5 Best Monthly Dividend Stocks To Buy Right Now

2. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 26

Agree Realty Corporation (NYSE:ADC) initiated its dividend policy in 1995 with quarterly dividends and shifted to monthly payouts in 2021. The real estate investment trust company announced a 1.2% hike in its monthly dividend to $0.25 per share. This was the company’s 7th consecutive year of dividend growth, which makes ADC one of the best dividend stocks on our list. The stock has a dividend yield of 5.34%, as of April 14.

At the end of December 2023, 26 hedge funds, compared with 28 in the previous quarter, held stakes in Agree Realty Corporation (NYSE:ADC), according to our database. These stakes have a total value of more than $377.8 million.

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