5 Dividend Stocks to Increase Your Monthly Income

In this article, we will be taking a look at 5 dividend stocks to increase your monthly income. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks to Increase Your Monthly Income.

5. SL Green Realty Corp. (NYSE: SLG)

Number of Hedge Fund Holders: 21
Dividend Yield: 5.13%

SL Green Realty Corp. (NYSE: SLG) is a Manhattan-based office REIT, the largest of its kind in the area. It acquires, manages, and maximizes the value of Manhattan commercial properties. The company ranks 5th on our list of dividend stocks to increase your monthly income.

This June, Deutsche Bank reiterated a Hold rating on shares of SL Green Realty Corp. (NYSE: SLG), while also raising its price target on the stock to $77.

In the second quarter of 2021, SL Green Realty Corp. (NYSE: SLG) had an FFO of $1.60, missing estimates by $0.02. The company’s revenue was $184.61 million, beating estimates by $2.09 million.

By the end of the second quarter of 2021, 21 hedge funds out of the 873 tracked by Insider Monkey held stakes in SL Green Realty Corp. (NYSE: SLG) worth roughly $144 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $162 million.