5 Monthly Dividend Stocks with Over 4% Yield

In this article, we discuss 5 monthly dividend stocks with over 4% yield. If you want to read our analysis of dividend stocks and their returns in the past, go directly to read 10 Monthly Dividend Stocks with Over 4% Yield. 

5. SmartCentres Real Estate Investment Trust (TSX:SRU-UN.TO)

Dividend Yield as of October 7: 7.19%

SmartCentres Real Estate Investment Trust (TSX:SRU-UN.TO) is an Ontario-based real estate investment trust company that specializes in retail real estate and power centers. In the second quarter of 2022, the company reported revenue of $198.3 million, up 2.2% from the same period last year. Its operating cash flow for the quarter came in at $44 million, down 29% from the prior-year quarter. The company’s payout ratio improved to 86%, from 102% recorded in the prior-year period.

SmartCentres Real Estate Investment Trust (TSX:SRU-UN.TO) currently pays a monthly dividend of C$0.1542 per share and has a dividend yield of 7.19%, as of October 7. The company is one of the best highest-paying monthly dividend stocks as it has been raising its dividends consistently for the past five years.

Street analysts presented a positive outlook on SmartCentres Real Estate Investment Trust (TSX:SRU-UN.TO) due to the company’s strong results in the recent quarter. In August, both National Bank and Scotiabank lifted their price targets on the stock to C$30 and C$33, respectively.