5 Best Stocks That Pay Monthly Dividends

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In this article, we will be taking a look at the 5 best stocks that pay monthly dividends. To read our detailed analysis of dividend investing, you can go directly to see the 12 Best Stocks That Pay Monthly Dividends.

5. Agree Realty Corporation (NYSE: ADC)

Number of Hedge Fund Holders: 18
Dividend Yield: 3.52%

Agree Realty Corporation (NYSE: ADC), a publicly traded REIT, works to acquire and develop properties net leased to industry-leading retail tenants. The company ranks 5th on our list of the best stocks that pay monthly dividends.

This August, Mizuho’s Haendel St. Juste raised the price target on shares of Agree Realty Corporation (NYSE: ADC) from $73 to $79. The analyst also reiterated a Neutral rating on the shares.

In the second quarter of 2021, 18 hedge funds out of the 873 tracked by Insider Monkey held stakes in Agree Realty Corporation (NYSE: ADC) worth roughly $187 million. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $200 million.

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