It is no longer news that interest rates are slacking and many banks offer no returns on savings accounts. For this reason, a few companies have adjusted to paying their dividend and ETFs on a monthly basis as investors no longer rely on a quarterly or annual dividend payout.
This monthly payout, however, makes it easier to predict and derive regular income from dividends, and investors find it very appealing.
Beyond the monthly payout schedule, every investor wants a strong income stream. If you want to enjoy significant capital gains, connect with the top 15 stocks on our list that will pay you monthly dividends and ETFs.
What Are The Stocks that Pay Monthly Dividends & ETFs Every Months?
Below are the top stocks that Pay Monthly Dividends & ETFs arranged in no particular order. Each of these listed companies offers significant High payout ratios, significant financial leverage, complex business models, dependence on capital markets, and sensitivity to interest rates.
#15. Realty Income (O)
Forward Dividend Yield: 4.5%
Realty Income is a top Monthly Dividend Company dedicated to providing stockholders with dependable monthly income.
This company has recorded a payout of 601 Consecutive Monthly Dividends with 91 Consecutive Quarterly Increases.
They also have over 6,500 Properties Under Long-term Net Lease Agreements. With these amazing records, every shareholder will want to partner with Realty Income.
#14. Stag Industrial (STAG)
Forward Dividend Yield: 4.3%
Stag is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States.
If you are looking to smile as a shareholder, you can count on Stag. This company has developed an investment strategy that helps investors find a powerful balance of income plus growth.
With an attractive 4.3% yield, dividend investors will consider Stag a great investment option.
#13. Gladstone Land
Forward Dividend Yield: 3.3%
Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers.
They own farmland in Arizona, California, Colorado, Florida, Michigan, Nebraska, North Carolina, Oregon, Texas, and Washington.
Gladstone is currently valued at approximately $891.6 million. If you’re looking for monthly dividend stocks that will add significant inflation protection to your portfolio, Gladstone got you covered.
#12. Global Water Resources
Forward Dividend Yield: 2.7%
Global Water Resources, Inc. is a water resource management company. We provide water, wastewater, and recycled water utility services. This company offers investors a considerable income stream flowing in from stock.
To connect with Global Water Resources, Inc. Visit their website by clicking the button below.
Forward Dividend Yield: 10.16%
CenturyLink is a global communications and IT services company focused on connecting its customers to the power of the digital world.
This company has a huge Market Cap of $10.8 billion and a payout Ratio of 91.40%.
#10. Vornado Realty Trust (VNO)
Forward Dividend Yield: 7.29%
Vornado is the largest owner of LEED-certified property in the United States and has over 27 million square feet of LEED-certified properties, with more than 22 million square feet at LEED Gold level.
This company owns and operates nearly 20 million square feet of prime office properties. According to recent data, Vornado ranked in the top 6% of over 950 worldwide respondents.
With a Market Cap of $6.9 billion and payout Ratio of 31.18%, no investor will overlook Vornado.
#9. Grupo Aval (AVAL)
Forward Dividend Yield: 7.2%
Grupo Aval is the largest financial group in Colombia and one of the leading banking groups in Central America.
The company is working to become one of the three main financial groups in Latin America.
AVAL stock sells for just 7x trailing earnings and offers a 7% dividend paid monthly. This makes their stock one of the more promising monthly dividend stocks to buy.
#8. SL Green Realty Corp. (SLG)
Forward Dividend Yield: 7.27%
SL Green Realty Corp. is a fully integrated real estate investment trust that is focused primarily on acquiring, managing, and maximizing the value of Manhattan commercial properties.
The company comprises an investment team of 20-person. These people are responsible for sourcing and executing all acquisitions, dispositions, financing, and joint ventures, along with debt and preferred equity investments.
SL Green Realty Corp offers a market Cap of $3.6 billion with 93.66% payout Ratio.
#7. Comerica Inc. (CMA)
Forward Dividend Yield: 7.01%
Comerica Incorporated is a financial services company headquartered in Dallas, Texas. This company is strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth Management.
Comerica offers financial products and services, including credit, capital market products, international trade finance, foreign exchange management services, consumer lending, and mortgage loan origination.
#6. Oxford Lane Capital Corp
Forward Dividend Yield: 19.33%
Oxford Lane Capital Corp is a publicly-traded registered closed-end management investment company. This company is currently investing in debt and equity tranches of CLO vehicles.
CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may form the basis of a CLO vehicle.
With a huge dividend yield of 19.33%, Investors will find Oxford a superb choice for investment.
#5. Cornerstone Strategic Value Fund, Inc.
Forward Dividend Yield: 20.44%
Cornerstone Strategic Value Fund, Inc. is a diversified, closed-end management investment company.
This company seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies. It also invests through other closed-end investment companies and ETF’s.
The Fund’s shares of Common Stock are traded on the NYSE American Marketplace under the ticker symbol “CLM.”
#4. Great Elm Capital Corp
Forward Dividend Yield: 19.12%
Great Elm Capital Corp. is an externally-managed business development company that invests in the debt instruments of middle-market companies.
This company seeks attractive risk-adjusted returns through both current income and capital appreciation. They invest primarily in the debt of private, middle-market companies with a focus on catalyst-driven opportunities.
#3. Highland Global Credit Allocation Fund
Forward Dividend Yield: 15.20%
Highland Capital Management Fund Advisors, L.P. is an SEC-registered investment adviser on Highland Capital Management’s multibillion-dollar alternative investment platform (“Highland”).
The Highland platform serves both institutional and retail investors worldwide, providing access to alternatives in a range of investment vehicles.
Investment capabilities include high-yield credit, public equities, real estate, private equity, and special situations, structured credit, and sector- and region-specific verticals built around specialized teams.
#2. Orchid Island Capital Inc
Forward Dividend Yield:
Orchid Island Capital, Inc. (NYSE: ORC) is a specialty finance company that invests in residential mortgage-backed securities or RMBS.
Orchid’s investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS and (ii) structured Agency RMBS, such as collateralized mortgage obligations, or CMOS, interest-only securities, or IOs, inverse interest-only securities, or IIOs, and principal only securities, or POs, among other types of structured Agency RMBS.
#1. Prospect Capital Corporation
Forward Dividend Yield: 14.04%
Prospect Capital Corporation is a leading publicly-traded Business Development Company (“BDC”).
This company makes debt and equity investments in U.S. middle-market businesses across a range of industries and seeks to deliver steady, attractive returns to our shareholders.
One great measure investors use to gauge the sustainability of a company’s dividend payments is the payout ratio. To start your investment on a wonderful note, take advantage of the best dividend stocks list.