Top 5 Dividend Stocks That Pay Monthly

Below we present the list of Top 5 Dividend Stocks That Pay Monthly. For our methodology and a more comprehensive list please see Top 10 Dividend Stocks That Pay Monthly. Note that all hedge fund data is based on the exclusive group of 800+ funds tracked by Insider Monkey as part of our market-beating investment strategy.

5. Enerplus Corp (NYSE:ERF)

Canadian oil and gas exploration and development company Enerplus Corp (NYSE:ERF) leads off the second half of our list of the Top 10 Dividend Stocks That Pay Monthly, being owned by 17 hedge funds on September 30.

Enerplus has been paying a monthly dividend in the $0.0069 to $0.0080 range for the past three-plus years, which fluctuates based on the CDN/USD exchange rate at the time. That amounted to a modest annual yield of less than 1.5% throughout much of that multi-year period, but that yield has been steadily increasing since August 2018 as the stock began a precipitous slide in value, declining by 75%. ERF’s annual yield now stands at about 2.8%, with the next dividend payment set to be made on January 15, with an ex-dividend date of December 30.