5 Monthly Dividend Stocks to Buy in September

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

Dividend Yield as of September 5: 8.41%

SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust that invests in office buildings and shopping centers in New York. The company pays a monthly dividend of $0.3108 per share and has a yield of 8.41%, as of September 5. In the past five years, the company has raised its dividends at a CAGR of 3%.

In its recently reported Q2 results, SL Green Realty Corp. (NYSE:SLG) posted an FFO of $1.87 and its revenue stood at $201.4 million. At the end of the quarter, the company reported nearly $190 million in cash and cash equivalents, and its total assets amounted to over $10.7 billion. It generated a same-store net operating income of over $150.5 million during the quarter, compared with $138 million in the previous quarter.

In July, Deutsche Bank maintained its Buy rating on SL Green Realty Corp. (NYSE:SLG) but showed concerns regarding office real estate investment trust companies.

At the end of Q2 2022, 18 hedge funds tracked by Insider Monkey owned investments in SL Green Realty Corp. (NYSE:SLG), the same as in the previous quarter. These investments are collectively valued at over $120.7 million. LDR Capital was the company’s major stakeholder in Q2, owning stakes worth over $28.7 million.