In this article, we will be taking a look at 5 monthly dividend stocks to breeze through your retirement. To read our detailed analysis of dividend investing, you can go directly to see the 10 Monthly Dividend Stocks To Breeze Through Your Retirement.
5. SL Green Realty Corp. (NYSE: SLG)
Number of Hedge Fund Holders: 21
Dividend Yield: 5.4%
SL Green Realty Corp. (NYSE: SLG) is the largest office-REIT operating in the Manhattan area, where it acquires, manages, and maximizes the value of local commercial properties. The company ranks 5th on our list of monthly dividend stocks to breeze through your retirement and invests in office buildings and shopping centers in New York City as well.
Analysts at Deutsche Bank have placed a Hold rating on shares of SL Green Realty Corp. (NYSE: SLG) as of this July. The firm also raised its price target on the stock to $77 at the same time.
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. SL Green Realty Corp. (NYSE: SLG) has gained 14.05% year-to-date and 37.32% in the past year.
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.
4. Gladstone Investment Corporation (NASDAQ: GAIN)
Number of Hedge Fund Holders: 6
Dividend Yield: 5.8%
Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that works with lower middle-market and mature stage companies, helping them work through strategic initiatives like buyouts, refinancing, senior debt securities, senior subordinated debt securities, and other financial assets. The company ranks 4th on our list of monthly dividend stocks to breeze through your retirement.
This April, Oppenheimer reiterated a Perform rating on shares of Gladstone Investment Corporation (NASDAQ: GAIN).
In the company’s fiscal first quarter of 2022, Gladstone Investment Corporation (NASDAQ: GAIN) had an NII of $1.42, beating estimates by $1.13. The company’s TII was $18.03 million, up 68.36% year-over-year and beating estimates by $2.88 million. Gladstone Investment Corporation (NASDAQ: GAIN) shares have gained 15.94% in the past 6 months and 42.43% year-to-date.
By the end of the second quarter of 2021, 6 hedge funds out of the 873 tracked by Insider Monkey held stakes in Gladstone Investment Corporation (NASDAQ: GAIN) worth roughly $3.4 million. This is compared to 4 hedge funds in the previous quarter with a total stake value of approximately $2 million.
3. Main Street Capital Corporation (NYSE: MAIN)
Number of Hedge Fund Holders: 8
Dividend Yield: 6.1%
Main Street Capital Corporation (NYSE: MAIN) is a private equity firm and is next on our list of monthly dividend stocks to breeze through your retirement. The company primarily focuses on equity capital for lower middle-market companies and ranks 3rd on our list.
Back in March, Raymond James upgraded shares of Main Street Capital Corporation (NYSE: MAIN) from Market Perform to Outperform. The firm also placed a price target of $41 on the shares at the same time.
In the second quarter of 2021, Main Street Capital Corporation (NYSE: MAIN) had an NII of $0.62, beating estimates by $0.05. The company’s TII was $67.29 million, up 29.39% year-over-year and beating estimates by $5.22 million. Main Street Capital Corporation (NYSE: MAIN) has gained 6.85% in the past 6 months and 30.85% year-to-date.
By the end of the second quarter of 2021, 8 hedge funds out of the 873 tracked by Insider Monkey held stakes in Main Street Capital Corporation (NYSE: MAIN) worth roughly $19 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $34 million.
2. Pembina Pipeline Corporation (NYSE: PBA)
Number of Hedge Fund Holders: 15
Dividend Yield: 6.5%
Pembina Pipeline Corporation (NYSE: PBA) offers transportation and midstream services. The company ranks 2nd on our list of monthly dividend stocks to breeze through your retirement and is based in Calgary, Canada. It delivers oil and natural gas to and from Western Canada.
This August, analysts at RBC Capital reiterated an Outperform rating on shares of Pembina Pipeline Corporation (NYSE: PBA).
In the second quarter of 2021, Pembina Pipeline Corporation (NYSE: PBA) delivered EPS of $0.37, missing estimates by $0.07. The company’s revenue was $1.56 billion, up 63.99% year-over-year and beating estimates by $361.48 million. Pembina Pipeline Corporation (NYSE: PBA) has gained 28.07% year-to-date and 28.99% in the past year.
By the end of the second quarter of 2021, 15 hedge funds out of the 873 tracked by Insider Monkey held stakes in Pembina Pipeline Corporation (NYSE: PBA) worth roughly $116 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $75 million.
1. Broadmark Realty Capital Inc. (NYSE: BRMK)
Number of Hedge Fund Holders: 12
Dividend Yield: 8.2%
Broadmark Realty Capital Inc. (NYSE: BRMK) is a Seattle-based company that underwrites, funds, services, and manages the short-term and first deed of trust loans to fund residential or commercial property developed in America. The company ranks 1st on our list of monthly dividend stocks to breeze through your retirement.
This April, analysts at B. Riley reiterated a Buy rating on shares of Broadmark Realty Capital Inc. (NYSE: BRMK).
In the second quarter of 2021, Broadmark Realty Capital Inc. (NYSE: BRMK) had an FFO of $0.18, missing estimates by $0.02. The company’s revenue was $29.18 million, up 0.39% year-over-year but also missing estimates by $2.7 million. Broadmark Realty Capital Inc. (NYSE: BRMK) has gained 1.78% year-to-date and 1.08% in the past year.
By the end of the second quarter of 2021, 12 hedge funds out of the 873 tracked by Insider Monkey held stakes in Broadmark Realty Capital Inc. (NYSE: BRMK) worth roughly $91 million. This is compared to 12 hedge funds in the previous quarter with a total stake value of approximately $99 million.
You can also take a look at 15 Most Valuable Weed Companies in the World and 20 Best Places to Invest in Rental Property in 2021.
