5 Cheap Monthly Dividend Stocks To Buy

In this article, we discuss 5 cheap monthly dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 Cheap Monthly Dividend Stocks To Buy. 

5. Whitestone REIT (NYSE:WSR)

Share Price as of January 13: $10.31

Whitestone REIT (NYSE:WSR) is a Texas-based real estate investment trust company that develops and manages community-centered properties. In December, the company announced the acquisition of Lake Woodlands Crossing, a retail property in Texas. This would mark the company’s first acquisition in the Houston market.

In the first nine months of the year, Whitestone REIT (NYSE:WSR) reported an operating cash flow of $33.4 million, up from $31.7 million from the same period last year. Its revenue of $35.3 million also presented a 9.1% year-over-year growth. The stock is trading at a share price of $10.31, as of January 13 and is among the cheap monthly dividend stocks on our list.

On December 15, Whitestone REIT (NYSE:WSR) declared a monthly dividend of $0.05 per share, which fell in line with its previous dividend. As of January 13, the stock has a dividend yield of 4.67%.

In December, Truist raised its price target on Whitestone REIT (NYSE:WSR) to $10 and maintained a Hold rating on the shares, highlighting the company’s Q3 earnings and its revenue growth.

At the end of Q3 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Whitestone REIT (NYSE:WSR), with a total value of over $30.2 million. With 1.6 million shares, Highland Capital Management was the company’s leading stakeholder in Q3.