5 Monthly Dividend Stocks with Over 4% Yield

3. Permianville Royalty Trust (NYSE:PVL)

Dividend Yield as of October 7: 9.43%

Permianville Royalty Trust (NYSE:PVL) is a Texas-based statutory trust that owns net profits from the sales of oil and natural gas production from relevant properties in the state. The company was a part of 2 hedge funds portfolios in Q2 2022, compared with 3 in the previous quarter. The total value of stakes owned by these hedge funds is $776,000.

On September 16, Permianville Royalty Trust (NYSE:PVL) declared a 106% hike in its monthly dividend to $0.0505 per share. The company does not hold any dividend growth track record but has raised its payouts at a CAGR of 6.87% in the past five years. This makes it one of the best highest-paying monthly dividend stocks on our list. As of October 7, the stock’s dividend yield came in at 9.43%.

In Q2 2022, Permianville Royalty Trust (NYSE:PVL) reported revenue of $3,06 million, up from $1.4 million during the same period last year. Its operating income was recorded at $2.6 million, compared with $429,000 during the prior-year period. The company’s total assets at the end of the quarter stood at over $62.8 million.