5 Best Stocks That Pay Monthly Dividends in 2024

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

Number of Hedge Fund Holders: 18

STAG Industrial, Inc. (NYSE:STAG) is an American real estate investment trust company that specializes in the acquisition, ownership, and operation of single-tenant industrial properties throughout the country. The company was a part of 18 hedge fund portfolios at the end of Q4 2023, down from 20 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of nearly $160 million.

STAG Industrial, Inc. (NYSE:STAG), one of the best dividend stocks that pay monthly dividends, declared a 0.7% hike in its monthly dividend on January 10. It now offers a payout of $0.1233 per share every month with a dividend yield of 3.86%, as of February 23.

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