5 Monthly Dividend Stocks with Over 6% Yield

3. LTC Properties, Inc. (NYSE:LTC)

Dividend Yield as of March 9: 6.44%

Number of Hedge Fund Holders: 8

LTC Properties, Inc. (NYSE:LTC) is a California-based real estate investment trust that invests in seniors housing and health care properties, using structured finance solutions like sale-leasebacks, mortgage financing, joint-ventures, and mezzanine lending.

LTC Properties, Inc. (NYSE:LTC) declared on January 3 a $0.19 per share monthly dividend, in line with previous. The dividend was paid on January 31 and February 28, and the upcoming dividend is payable on March 31, for shareholders of record March 23. 

Among the hedge funds tracked by Insider Monkey, 8 funds were bullish on LTC Properties, Inc. (NYSE:LTC), with total stakes worth $7.1 million, as compared to 9 funds in the preceding quarter, holding stakes in LTC Properties, Inc. (NYSE:LTC) worth $12.1 million. Hill Winds Capital held the leading position in the company, with 62,500 shares valued at $2.1 million.