5 Best Stocks That Pay Monthly Dividends in 2024

In this article, we discuss 5 best stocks that pay monthly dividends in 2024. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Best Stocks That Pay Monthly Dividends in 2024. 

5. Apple Hospitality REIT, Inc. (NYSE:APLE)

Number of Hedge Fund Holders: 15

An American real estate investment trust company, Apple Hospitality REIT, Inc. (NYSE:APLE) focuses on acquiring, owning, and managing upscale select-service hotels across the country. The company pays a monthly dividend of $0.08 per share and has a dividend yield of 5.91%, as of February 23. It has a 9-year run of paying regular dividends to shareholders, which makes APLE one of the best dividend stocks on our list.

Apple Hospitality REIT, Inc. (NYSE:APLE) ended the fourth quarter with 15 hedge fund positions, up from 10 in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a consolidated value of roughly $182 million.

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.

3. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 25

EPR Properties (NYSE:EPR) is a Missouri-based real estate investment trust company that invests in experiential properties across various segments, including entertainment, recreation, and education. On February 15, the company declared a monthly dividend of $0.275 per share, which was in line with its previous dividend. With a dividend yield of 7.70% as of February 23, EPR is one of the best dividend stocks on our list.

EPR Properties (NYSE:EPR) saw growth in hedge fund positions at the end of Q4 2023, as 25 funds tracked by Insider Monkey held stakes in the company during the quarter, up significantly from 15 in the preceding quarter. These stakes are worth over $195.7 million in total.

2. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 26

Agree Realty Corporation (NYSE:ADC)’s portfolio consists of a diverse range of retail properties, including freestanding stores, shopping centers, and mixed-use developments. These properties are typically leased to tenants under long-term net lease agreements. The company’s monthly dividend comes in at $0.247 per share for a dividend yield of 5.15%, as of February 23.

As of the close of Q4 2023, 26 hedge funds in Insider Monkey’s database reported having stakes in Agree Realty Corporation (NYSE:ADC), compared with 28 in the previous quarter. The total value of these stakes is over $377.8 million. With roughly 3 million shares, Zimmer Partners was the company’s leading stakeholder in Q4.

1. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 27

Realty Income Corporation (NYSE:O) tops our list of the best dividend stocks that pay monthly dividends. The real estate investment trust company offers a monthly dividend of $0.2565 per share and has a dividend yield of 5.81%, as of February 23. The company has raised its payouts 122 times since it went public in 1994.

The number of hedge funds tracked by Insider Monkey owning stakes in Realty Income Corporation (NYSE:O) grew to 27 in Q4 2023, from 23 in the previous quarter. The collective value of these stakes is over $332.5 million.

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