5 Best Stocks That Pay Monthly Dividends

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

Number of Hedge Fund Holders: 23

STAG Industrial, Inc. (NYSE:STAG) is an American real estate investment trust company that invests in industrial properties throughout the country. It is one of the best dividend stocks on our list as the company has been growing its dividends for 11 consecutive years. The company pays a monthly dividend of $0.1225 per share and offers a dividend yield of 4.47%, as of October 19.

The number of hedge funds tracked by Insider Monkey owning stakes in STAG Industrial, Inc. (NYSE:STAG) jumped to 23 in Q2 2023, from 15 in the previous quarter. These stakes are worth over $137.8 million in total.

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