5 Best Stocks That Pay Monthly Dividends

In this article, we discuss 5 best stocks that pay monthly dividends. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 10 Best Stocks That Pay Monthly Dividends.

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

Dividend Yield as of August 30: 4.58%

STAG Industrial, Inc. (NYSE:STAG) is an American real estate investment trust that focuses on the acquisition and operation of industrial properties throughout the country. In July, Ladenburg lifted its price target on the stock to $35 with a Buy rating on the shares, appreciating the company’s portfolio.

In Q2 2022, STAG Industrial, Inc. (NYSE:STAG) reported revenue of $161.5 million, up 16.7% from the same period last year. The company’s cash available for distribution stood at $87.2 million, compared with $74.8 million in the prior-year period. In addition to this, its occupancy rate stood at 98.1% at the end of June 2022.

STAG Industrial, Inc. (NYSE:STAG) currently pays a monthly dividend of $0.1217 per share, with a dividend yield of 4.58%, as of August 30. The company has raised its dividends for 11 years straight.

The number of hedge funds tracked by Insider Monkey owning stakes in STAG Industrial, Inc. (NYSE:STAG) grew to 27 in Q2 2022, from 21 in the previous quarter. The collective value of these stakes is roughly $380 million. Zimmer Partners was the company’s largest stakeholder in Q2.

Carillon Tower Advisers mentioned STAG Industrial, Inc. (NYSE:STAG) in its Q1 2022 investor letter. Here is what the firm has to say:

“U.S. and around the world, and the higher inflation this cycle than in 2000. Labor inflation and general labor availability were again concerns for many companies. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Stag Industrial (NYSE:STAG), a warehouse REIT focused on rural distribution properties, fell as interest rates rose and fear of an economic slowdown gripped markets.”