5 Stocks That Pay Dividends Monthly

In this article, we discuss 5 stocks that pay dividends monthly. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 15 Stocks That Pay Dividends Monthly. 

5. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 19
Dividend Yield as of June 19: 7.21%

An American real estate investment trust company, EPR Properties (NYSE:EPR) is next on our list of the best dividend stocks with monthly dividends. In June, KeyBanc upgraded the stock to Overweight ahead of the bankruptcy resolutions of one of the company’s largest tenants, Regal Cinemas.

On June 15, EPR Properties (NYSE:EPR) declared a monthly dividend of $0.275 per share, which was consistent with its previous dividend. The company’s shares have a yield of 7.21%, as recorded on June 19.

At the end of Q1 2023, 19 hedge funds tracked by Insider Monkey held stakes in EPR Properties (NYSE:EPR), with a total value of over $146 million. AQR Capital Management was one of the company’s leading stakeholders in Q1.

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

Number of Hedge Fund Holders: 21
Dividend Yield as of June 19: 12.23%

SL Green Realty Corp. (NYSE:SLG) invests in office buildings, shopping centers, and other commercial properties in New York City. The real estate investment trust company currently offers a monthly dividend of $0.2708 per share and has a dividend yield of 12.23%, as of June 19. The company has been regular dividends to shareholders for the past 25 years, which makes it one of the best dividend stocks on our list.

In April, BMO Capital gave a positive outlook of SL Green Realty Corp. (NYSE:SLG) and appreciated its performance. The firm lifted its price target on the stock to $32 with a Neutral rating on the shares.

At the end of March 31, 21 hedge funds owned stakes in SL Green Realty Corp. (NYSE:SLG), up from 20 in the previous quarter, according to Insider Monkey’s database. These stakes have a collective value of nearly $112 million.

3. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 22
Dividend Yield as of June 19: 4.43%

Agree Realty Corporation (NYSE:ADC) is a Michigan-based real estate investment trust company that acquires and develops properties net leased to retailers in the US. In June, BNP Paribas initiated its coverage on the stock with an Outperform rating and an $80 price target, following the company’s recent quarterly earnings.

Agree Realty Corporation (NYSE:ADC) is one of the best dividend stocks on our list as the company maintains a 12-year streak of consistent dividend growth. Its monthly dividend comes in at $0.243 per share for a dividend yield of 4.43%, as of June 19.

Of the 943 hedge funds tracked by Insider Monkey, 22 funds held stakes in Agree Realty Corporation (NYSE:ADC) in Q1 2023, up from 21 in the preceding quarter. Their total stake value is over $382.6 million.

2. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22
Dividend Yield as of June 19: 4.99%

Realty Income Corporation (NYSE:O) is one of the best dividend stocks on our list with monthly dividends. The real estate investment trust company has been growing its dividends for 29 years, falling into the category of Dividend Aristocrats. On June 13, it announced a 0.2% increase in its monthly dividend to $0.2555 per share, which was its second dividend hike this year. The stock has a dividend yield of 4.99%, as of June 19.

At the end of Q1 2023, 22 hedge funds in Insider Monkey’s database reported owning stakes in Realty Income Corporation (NYSE:O), worth collectively over $325.7 million. Among these hedge funds, Citadel Investment Group was the company’s largest stakeholder in Q1.

1. AGNC Investment Corp. (NASDAQ:AGNC)

Number of Hedge Fund Holders: 24
Dividend Yield as of June 19: 14.10%

AGNC Investment Corp. (NASDAQ:AGNC) tops our list of the best dividend stocks that pay monthly dividends. According to the company’s Q1 2023 press release, it has declared a total of $12.2 billion in dividends since its IPO in May 2023 through the first quarter of 2023. It currently pays a monthly dividend of $0.12 per share and has a dividend yield of 14.10%, as of June 19.

As of the close of Q1 2023, 24 hedge funds tracked by Insider Monkey held stakes in AGNC Investment Corp. (NASDAQ:AGNC), up from 22 a quarter earlier. The total value of these stakes is over $184 million. Ken Griffin and Steven Tananbaum were the company’s leading stakeholders in Q1.

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