10 Best Dividend Stocks with Monthly Payout

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3. Realty Income Corporation (NYSE:O)

Number of Hedge Funds: 34

Dividend Yield as of October 26: 5.71%

Realty Income Corporation’s string of uninterrupted monthly dividend declarations is by no means the only winning streak for the company and its investors. It has increased its dividend for 31 consecutive years since going public. Even better, it has increased its monthly dividend for 116 consecutive quarters. Read the dividend analysis here. 

The real trick is Realty Income’s model and its sector concentration. The tenants at its over 15,000 properties are all commercial tenants, and they’re all on triple net leases. The tenants pay for the property taxes, the insurance, and the maintenance, so the cash flow is very predictable, apart from the risk of default.

The REIT is overwhelmingly focused on consumer-facing retail. That’s generally a risky proposition and makes it very sensitive to the state of the economy. Its biggest concentration is in supermarkets and convenience stores, which are historically recession-proof. That makes up over 20% of the portfolio.

Realty Income has a well-established track record of shrewd acquisitions and solid organic growth. Operating profit has outstripped the growth in its share count. Even with the long string of distribution increases, its trailing 12-month distributions are still only 75% of its FFO. The headroom is there to continue the hikes.

Realty Income is a publicly traded REIT that owns and leases commercial property to tenants on long-term “triple net” (NNN) leases.

2. EPR Properties (NYSE:EPR)

Number of Hedge Funds: 36

Dividend Yield as of October 26: 6.54%

EPR Properties (NYSE:EPR) is a REIT that owns experiential properties, such as movie theatres, amusement parks, fitness and recreation centers, and private schools. It leases these properties to the operators and distributes a portion of the rental income to its shareholders. It pays a monthly dividend and has paid a dividend since it went public in 1997.

EPR is currently paying a $0.31 per share monthly dividend or $3.72 per share annually. At the current share price, that’s a dividend yield of around 6.6%. The company increased its monthly dividend from $0.295 to $0.31 in 2026, which is the fourth year in a row that the dividend has been increased.

EPR is very much a different proposition to the typical REIT as it is focused on entertainment and leisure properties. Its rental income is dependent upon the tenants’ ability to attract customers and generate sufficient cash flow to meet their lease obligations. Tenant performance in movie theatres and other discretionary leisure spaces is therefore a key consideration for any dividend investor. See what analysts think about the stock.

The company’s monthly payout and the recent dividend increases mean it’s certainly one to consider in an income portfolio. That said, it’s important to remember that EPR suspended its common dividend during the pandemic and only reinstated it in 2021. That recovery is a perfect example of the importance of tenant stability and property-level cash flow in enabling distributions. The current yield is very attractive in terms of providing regular income; the question, of course, is whether future increases will be sustainable, and that will, in turn, be down to the strength of the tenant base and the ability to collect rental payments.

1. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Funds: 37

Dividend Yield as of October 26: 4.77%

Agree Realty Corporation (NYSE:ADC) is a REIT that owns retail properties leased to tenants such as grocery stores, pharmacies, and dollar stores. It uses long-term net leases, as the tenants pay property taxes, insurance, and maintenance. The company pays monthly dividends and has been rewarding shareholders consistently since 1994, so it has over 30 years of dividend history.

The October 2026 dividend was $0.271 per share or $3.252 per year, which at the current share price gives a yield of around 4.8%. Agree has a strong track record of increasing its dividend, and this is underpinned by the continued growth of its retail portfolio and the strength of its long-term leases. Its tenant mix is a big part of the dividend story. The mix of tenants is predominantly grocery stores, pharmacies, and discount retailers, which are all suppliers of the goods people buy on a day-to-day basis. This can help to maintain traffic through the store when consumer spending is weak. The long-term leases also provide a good degree of visibility into future rental income, and the net lease structure means that the landlord doesn’t have to bear many of the property-level expenses.

Agree Realty’s monthly payouts may be attractive to investors who are looking for a more predictable stream of cash rather than the quarterly payments that you often get. The company has, on the whole, continued to increase its dividend, if modestly so in comparison to some of the other high-yield REITs. Investors also have to consider the price they pay for the shares, as a rising share price can work against yield even if the dividend is increasing. It’s a mix of monthly income, a long track record of payments, and exposure to retail properties which are leased to well-established businesses.

While we acknowledge the risk and potential of ADC as an investment, we believe certain AI infrastructure stocks offer far stronger long-term potential at a much more attractive entry point. If you are looking for an AI stock more promising than ADC that operates as a critical AI tollbooth and stands as the most important company in the world, check out our report about this must-own AI stock.

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