Top 20 Highest Yielding Monthly Dividend Stocks Now | Yields Up To 16.9%

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Top 20 Highest-Yielding Monthly Dividend Stocks Now | Yields Up To 16.9%


Updated on September 13th, 2022 by Bob Ciura

Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers.

For this reason, we created a full list of 49 monthly dividend stocks.

You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter like dividend yield and payout ratio) by clicking on the link below:

 

In addition, stocks that have high dividend yields are also attractive for income investors.

With the average S&P 500 yield hovering around 1.5%, investors can generate much more income with high-yield stocks.

Screening for monthly dividend stocks that also have high dividend yields makes for an appealing combination.

This article will list the 20 highest-yielding monthly dividend stocks.

Table Of Contents

The following 20 monthly dividend stocks have high dividend yields above 5%. Stocks are listed by their dividend yields, from lowest to highest.

You can instantly jump to an individual section of the article by utilizing the links below:

High-Yield Monthly Dividend Stock #20: Fortitude Gold (FTCO)

Fortitude Gold Corporation was spun-off from Gold Resource Corporation into a separate public company in December 2021. Fortitude Gold is a junior gold producer with operations in Nevada, U.S.A, one of the world’s premier miningfriendly jurisdictions. The company targets high-grade gold open pit heap leach operations averaging one gram per tonne of gold or greater. Its property portfolio currently consists of 100% ownership in six high-grade gold properties.

All six properties are within an approximate 30-mile radius of one another within the prolific Walker Lane Mineral Belt. The company generates around $82 million in annual revenues, 99% of which are from gold, and is headquartered in Colorado Springs, Colorado.

Source: Investor Presentation

On August 2nd, 2022, Fortitude Gold Corporation reported its Q2-2022 results for the period ending June 30th, 2022. Revenues came in at $24 million, 7.3% lower year-over-year. While the company realized 4.5% higher gold prices, at an average of $1,876/oz., it sold around 12.9K ounces of gold, a decrease of 11% year-over-year. This is due to a drop in total gold production, which declined by 24.7% to 10.9K ounces.

Despite the lower production, the company maintained its 2022 Annual Outlook, targeting a production of 40K gold ounces. Moving to the bottom line, the company recorded a mine gross profit of $11.6 million compared to $13.1 million last year amid lower sales. Accordingly, net income came in at $6.5 million, 21.2% lower year-over-year. On a per share basis, net income came in at $0.27, compared to $0.35 last year.

Click here to download our most recent Sure Analysis report on FTCO (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #19: Gladstone Capital Corp. (GLAD)

Gladstone Capital is a business development company, or BDC, that primarily invests in small and medium businesses. These investments are made via a variety of equity (10% of portfolio) and debt instruments (90% of portfolio), generally with very high yields. Loan size is typically in the $7 million to $30 million range and has terms up to seven years. The BDC’s stated purpose is to generate income it can distribute to its shareholders.

Gladstone reported third quarter earnings on July 27th, 2022, and results were largely in line with expectations. Total investment income was $13.78 million, up fractionally year-over-year. Net investment income was 20.25 cents per share, up from 19.5 cents in the year-ago period.

Total investments at the end of the period rose 9.1% quarter-over-quarter to $586 million, following strong originations in the third quarter. Net asset value was $9.12 per share, down 3.9% from the March quarter, driven by valuation adjustments associated with higher market yields and reduced equity valuation multiples.

Click here to download our most recent Sure Analysis report on GLAD (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #18: Stellus Capital (SCM)

Stellus Capital Management is a Business Development Company, otherwise known as a BDC, that provides capital solutions to companies with $5 million to $50 million of EBITDA and does so with a variety of instruments, the majority of which are debt.

Related: Sure Dividend’s free BDC list.

Stellus provides first lien, second lien, mezzanine, convertible debt, and equity investments to a diverse group of customers, generally at high yields, in the US and Canada.

Source: Investor Presentation

The company was formed in 2012, and should produce about $67 million in annual revenue. In the second quarter of 2022, total investment income of $16.1 million rose 6.7% year-over-year, but missed estimates by about $280,000. Net investment income of $0.32 per share beat estimates by $0.03.

Click here to download our most recent Sure Analysis report on SCM (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #17: Cross Timbers Royalty Trust (CRT)

Cross Timbers is an oil and gas trust (about 50/50), set up in 1991 by XTO Energy. Unit holders have a 90% net profit interest in producing properties in Texas, Oklahoma, and New Mexico; and a 75% net profit interest in working interest properties in Texas and Oklahoma.

The trust’s assets are static in that no further properties can be added. The trust has no operations but is merely a passthrough vehicle for the royalties. CRT had royalty income of $5.3 million in 2020 and $7.4 million in 2021.

In mid-August, CRT reported (8/12/22) financial results for the second quarter of fiscal 2022. Production of oil declined -14% but production of gas more than doubled over last year’s quarter due to timing of sales. Moreover, the average realized prices of oil and gas grew 57% and 34%, respectively, thanks to the sanctions of western countries on Russia, which have sent the benchmark prices of oil and gas to 13-year highs. As a result, distributable cash flow (DCF) per unit more than doubled, from $0.28 to $0.59. The trust does not provide any guidance for the running year.

Click here to download our most recent Sure Analysis report on CRT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #16: Generation Income Properties (GIPR)

Generation Income Properties is an internally managed REIT focused on acquiring and managing income-producing retail, office, and industrial properties. As of March 31st, 2022, the company’s asset base portfolio included 12 properties, comprising one industrial, seven retail (including one medical-retail), and four office properties, which are net leased to high-quality tenants in major markets throughout the United States.

Source: Investor Presentation

These properties feature 322,854 leasable square feet and an annualized base rent of $4.9 million. The trust also owned a 36.8% tenancy in common interest in a single tenant retail building (approximately 15,300 square feet) leased to La-ZBoy Company. The trust generated $3.9 million in rental revenues last year and is based in Tampa, Florida.

On August 12th, 2022, Generation Income Properties reported its Q2 results for the period ending June 30th, 2022. Total revenues from operations came in at $1.4 million as compared to $988 thousand in the prior-year period. This represents a year-over-year increase of 41.7%, which was driven primarily by the acquisition of properties the company executed over the past four quarters.

Operating expenses, including G&A, for the same periods were $2.0 million and $1.3 million, respectively. These changes in operating expenses were driven primarily by increases in G&A expenses, recoverable expenses and depreciation/amortization from recent acquisitions, and compensation costs.

Core AFFO came in at $36 thousand, or $0.02 per share, lower from last year’s $107.9 thousand or $0.10 per share. At the end of the quarter, 100% of the company’s portfolio was leased, with all rents due collected.

Click here to download our most recent Sure Analysis report on GIPR (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #15: PennantPark Floating Rate (PFLT)

PennantPark Floating Rate Capital Ltd. is a BDC that makes secondary direct, debt, equity, and loan investments.

The fund also aims to invest through floating rate loans in private or thinly traded or smallcap, public middle market companies, equity securities, preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.

Source: Investor Presentation

It generally invests in the United States and to a limited extent nonU.S. companies. It aims to invest in companies not rated by national rating agencies.

PennantPark Floating Rate reported third quarter earnings on August 3rd, 2022. Total investment income for the quarter came in at $25.7 million, up from $20.9 million in the year-ago quarter. Adjusted net asset value per share stood at $12.02. Moreover, the company invested $104.8 million during the quarter in six new and thirty-nine existing portfolio companies with a weighted average yield on debt investments of 8.1%.

That said, the company’s sales and repayments of investments for the same period totaled $55.0 million. Cash and cash equivalents at quarter end stood at $40.6 million. Meanwhile, FQ3 net investment income increased to $0.29 from $0.27 in the year-ago period.

Finally, PennantPark’s portfolio totaled $1,226.4 million, which includes $1,062.4 million of first lien secured debt, and $163.4 million of preferred and common equity. Revenue increased 23.1% to $25.73 million year-over-year.

Click here to download our most recent Sure Analysis report on PFLT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #14: Prospect Capital (PSEC)

Prospect Capital Corporation is BDC that provides private debt and private equity to middlemarket companies in the U.S. The company focuses on direct lending to owneroperated companies, as well as sponsorbacked transactions.

Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional equity investments. The company produces about $680 million in annual revenue.

Source: Investor Presentation

Prospect reported fourth quarter and full-year earnings on August 29th, 2022, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share came to 21 cents, which was three cents ahead of estimates. Total investment income soared 17% year-over-year to $185 million, and beat expectations by $8 million.

The company’s beat was in spite of the fact that originations declined. Originations were $477 million in Q4, down from $565 million in Q3. Total repayments during the quarter were down as well from Q3, falling from $185 million to $151 million.

Operating expenses were $95 million, flat with Q3, but up from $84 million in the year-ago period. Net investment income per share of 21 cents was up from 20 cents in Q3 and 19 cents in last year’s Q4. Net asset value of $10.48 was down from $10.81 in Q3.

Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #13: Sabine Royalty Trust (SBR)

Sabine Royalty Trust is an oil and gas trust set up in 1983 by Sabine Corporation. At initiation, the trust had an expected reserve life of 9 to 10 years; the current estimated life of the trust is 8 to 10 years.

The trust consists of royalty and mineral interests in producing properties and proved oil and gas properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. It is roughly 2/3 oil and 1/3 gas in terms of revenues.

The trust’s assets are static in that no further properties can be added. The trust has no operations but is merely a pass-through vehicle for royalties. SBR had royalty income of $60.9 million in 2021.

In mid-August, SBR reported (8/11/22) financial results for the second quarter of fiscal 2022. Oil Production edged up 2% over the prior year’s quarter while production of gas grew 75%. In addition, the average realized prices of oil and gas grew 76% and 43%, respectively, thanks to the sanctions of western countries on Russia, which have led to a rally of oil and gas prices to 13-year highs. As a result, distributable cash flow per unit more than doubled, from $0.78 to $2.05.

Moreover, the sanctions on Russia are not likely to be withdrawn anytime soon. As a result, SBR is likely to post 10-year high distributable cash flow per unit this year. Based on its distributions in the first eight months of the year, SBR is offering an annualized distribution yield of 9.8%.

Click here to download our most recent Sure Analysis report on SBR (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #12: Horizon Technology (HRZN)

Horizon Technology Finance Corp. is a BDC that provides venture capital to small and mediumsized companies in the technology, life sciences, and healthcareIT sectors.

Source: Investor Presentation

The company has generated attractive riskadjusted returns through directly originated senior secured loans and additional capital appreciation through warrants, featuring a lastninemonth annualized portfolio yield of 14.7%.

The company has exceeded the typical industry average IRR of around 10% from its loan coupons by engaging in commitment fees, guidance fees, and potential equity rights, maximizing its total yield. Horizon Technology has gross investment income of around $47 million annually.

On August 2nd, 2022, Horizon released its Q2 results for the period ending June 30th, 2022. Total investment income grew 37.8% year-over-year to $18.6 million primarily due to growth in interest income on investments resulting from an increase in the average size of the debt investment portfolio. Net investment income per share (ISS) rose to $0.35, four cents higher compared to Q2-2022. This was due to a 35.2% increase in total expenses, which was lower than the top line’s growth. Net asset value (NAV) per share landed at $11.69, a cent higher sequentially.

Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #11: Permianville Royalty Trust (PVL)

Permianville Royalty Trust is an oil and natural gas royalty trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from various oil and gas properties located in Texas, Louisiana, and New Mexico.

The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018. As oil and gas royalty trusts are closely correlated to oil and gas prices, royalty trusts like PVL are essentially a bet on commodity prices.

High-Yield Monthly Dividend Stock #10: Dynex Capital (DX)

Dynex Capital invests in mortgagebacked securities (MBS) on a leveraged basis in the United States. It invests in agency and nonagency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interestonly securities.

Source: Investor Presentation

Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. governmentsponsored entity, such as Fannie Mae and Freddie Mac. NonAgency MBS have no such guaranty of payment.

The trust reported second-quarter results on July 25th, 2022. Dynex Capital reported a comprehensive loss of $(0.85) per common share in Q2. Net interest income decreased 42.1% year-over-year to $14.07 million. Negative total economic return stood at $(1.06) while book value per share decreased by $(1.45) to $16.79.

Earnings available for distribution came in at $0.40 per common share. Meanwhile, net interest spread and adjusted net interest spread stood 1.50% and 1.84%, respectively. The trust also reported 6.6x in leverage as of June 30, 2022 from 6.1x as of March 31, 2022.

Click here to download our most recent Sure Analysis report on DX (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #9: PermRock Royalty Trust (PRT)

PermRock Royalty Trust is a trust formed in November 2017 by Boaz Energy, a company that is focused on the acquisition, development and operation of oil and natural gas properties in the Permian Basin. The Trust derives all its cash flows from profits from the sale of oil and natural gas production from these properties and distributes dividends monthly.

The trust reported second quarter 2022 results for the period ending June 30th, 2022. Net profits income received by the trust was $3.50 million for the quarter, compared to $218 million in Q2 2021. Significant increases in oil and natural gas sales prices led to a strong year-over-year improvement, offset by a reduction in sales volumes.

The average realized sale price of oil ($/Bbl) was $100.34 during the quarter, a 68% increase compared to the price of $59.67 in the prior year period. The average realized sale price of natural gas also shot up massively, from $4.01 to $7.42 per Mcf.

Distributable income for the trust came to $3.20 million, up from $1.96 million in Q2 2021. Distributable income per unit of $0.26 was up from $0.16 in the prior year period. The trust paid out all distributable income to shareholders as distributions, for a payout ratio of 100%.

Click here to download our most recent Sure Analysis report on PRT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #8: SLR Investment Corp. (SLRC)

SLRC is a Business Development Company that primarily invests in U.S. middle market companies. The company has five core business units which include cash flow, asset-based, life science lending, equipment finance, and corporate leasing.

The trust’s debt investments primarily consist of cash flow senior secured loans, including first lien and second lien debt instruments. It also offers asset-based loans including senior secured loans collateralized on a first lien basis by current assets.

On August 2nd, 2022, SLR Investment Corp. reported its Q2-2022 results for the period ending March 31st, 2022. For the quarter, total investment income totaled $42.8 million, 20.2% higher year-over-year. The increase was primarily due to a larger portfolio. Expenses totaled $22.5 million, 15.4% higher compared to last year.

The relatively lower increase in expenses was primarily due to the reduction in incentive fees related to the merger with SUNS. Net investment income for the quarter totaled $20.3 million or $0.37 on a per share basis. This compared with a net investment income of $14.8 million, or $0.35 on a per share basis.

Click here to download our most recent Sure Analysis report on SLRC (preview of page 1 of 3 shown below):


High-Yield Monthly Dividend Stock #7: Oxford Square Capital (OXSQ)

Oxford Square Capital Corp. is a BDC specializing in financing early and middlestage businesses through loans and CLOs.

The company holds an equally split portfolio of FirstLien, SecondLien, and CLO equity assets spread across 8 industries, with the highest exposure in business services and healthcare, at 36% and 25%, respectively.

On July 26th, Oxford Square reported its Q2 results for the period ending June 30th, 2022. The company generated
approximately $9.9 million of total investment income, stable from the previous quarter. While the weighted average yield of the debt investments came in at 9.0% at the current cost, compared to 8.0% during Q1-2022, the increase was offset by a lower cash distribution yield from OXSQ’s CLO equity investments, which declined from 23.8% to 20.7% sequentially.

Total expenses, which primarily include interest paid on its own financing and managers’ fees, amounted to $5.6 million, also stable against Q1-2022. As a result of stable total investment income and expenses, NII (the net investment income) amounted to $4.3 million, or $0.09/share, remaining unchanged sequentially. Net asset value (NAV) per share was $3.67 compared to $4.65 last quarter.

Click here to download our most recent Sure Analysis report on OXSQ (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #6: San Juan Basin Royalty Trust (SJT)

San Juan Basin Royalty Trust is a medium sized gas trust (it produces a negligible amount of oil), set up by Southland Royalty Company. The producing properties are all in northern New Mexico, in the San Juan Basin. They are currently operated by Hilcorp San Juan, L.P., which acquired the interests in 2017.

The trusts assets are static in that no further properties can be added. The trust has no operations, but is merely a passthrough vehicle for the royalties. SJT had royalty income of $37.6 million in 2020.

In mid-August, SJT reported (8/15/2022) financial results for the second quarter of fiscal 2022. Thanks to the impressive rally of the price of natural gas, which has resulted from the sanctions of the U.S. and Europe on Russia for its invasion in Ukraine, distributable income per unit grew from $0.15 in last year’s quarter to $0.28. Moreover, the sanctions are unlikely to loosen this year and hence SJT will keep thriving in the short run.

Click here to download our most recent Sure Analysis report on SJT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #5: Ellington Residential Mortgage REIT (EARN)

Ellington Residential Mortgage REIT acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. governmentsponsored enterprise. Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.

Source: Investor Presentation

On August 4th, 2022, Ellington announced a monthly dividend of $0.08 per share to be paid on September 26th, 2022. This $0.08 monthly dividend is a 20% decrease compared to the $0.10 paid monthly from October 2021 to May 2022.

On August 10th, 2022, Ellington Residential reported its Q2 results for the period ending June 30th, 2022. The company booked an $(0.82) net loss per share for Q2. The company renamed what was previously called core earnings to adjusted distributable earnings starting in this quarter.

Ellington achieved adjusted distributable earnings of $3.7 million this quarter, leading to core EPS of $0.28 per share, which just covers the dividend paid in the period. EARN achieved a net interest margin of 1.66% in Q2.

At quarter end, Ellington had $37.5 of cash and cash equivalents, and $3.4 million of other unencumbered assets. The debt-to-equity ratio was 8.0.

Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #4: Ellington Financial (EFC)

Ellington Financial Inc. acquires and manages mortgage, consumer, corporate, and other related financial assets in the United States. The company acquires and manages residential mortgagebacked securities (RMBS) backed by prime jumbo, AltA, manufactured housing, and subprime residential mortgage loans.

Additionally, it manages RMBS, for which the U.S. government guarantees the principal and interest payments. It also provides collateralized loan obligations, mortgagerelated and nonmortgagerelated derivatives, equity investments in mortgage originators and other strategic investments.

Source: Investor Presentation

On August 4th, 2022, Ellington Financial reported its Q2 results for the period ending June 30th, 2022. Interest income came in at $51.6 million, a 20% higher quarter-over-quarter. Adjusted (previously referred to as “core”) earnings-per-share came in at $0.41, one cent higher versus Q2-2021, affected by increased expenses and a higher share count. Most of the growth this past quarter is a direct result of higher loan origination activity and robust performance from Ellington’s small balance commercial mortgage loans, residential transition loans, and consumer loans.

Specifically, Ellington’s total long credit portfolio grew by 16% to $2.66 billion sequentially. Ellington’s book value per share declined from $17.74 to $16.22 during the last three months, with its dividend exceeding the underlying earnings. The monthly dividend remains at $0.15, nonetheless. Management commented that dividend coverage should resume once the company rotates the portfolio into the higher reinvestment yields available today.

Click here to download our most recent Sure Analysis report on EFC (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #3: AGNC Investment Corporation (AGNC)

American Capital Agency Corp is a mortgage real estate investment trust that invests primarily in agency mortgagebacked securities (or MBS) on a leveraged basis.

The firm’s asset portfolio is comprised of residential mortgage passthrough securities, collateralized mortgage obligations (or CMO), and nonagency MBS. Many of these are guaranteed by governmentsponsored enterprises.

The majority of American Capital’s investments are fixedrate agency MBS. Most of these are MBS with a 30year maturity period. American Capital derives nearly all its revenue in the form of interest income.

You can see an overview of the company’s second-quarter report in the image below:

Source: Investor Presentation

Click here to download our most recent Sure Analysis report on AGNC (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #2: Broadmark Realty Capital (BRMK)

Broadmark Realty Capital Inc. is a real estate investment trust that provides short-term, first deed of trust loans that are secured by real estate. Customers use these loans to acquire, renovate, rehab and develop properties for both residential and commercial uses in the U.S. Broadmark Realty formed in 2010, but had its initial public offering in November 2019.

Source: Investor Presentation

On August 9th, 2022, Broadmark Realty reported second quarter results for the period ending June 30th, 2022. For the quarter, revenue decreased 2.3% to $28.52 million, which was $1.48 million lower than expected. Adjusted earnings per share of $0.16 compared unfavorably to adjusted earnings per share of $0.18 in the prior period and was $0.01 below estimates.

Broadmark Realty originated $196.7 million of new loans and amendments for the quarter. Second quarter origination was a 3.7% increase sequentially and at a weighted average loan to value of 62%. Quarterly interest income totaled $22.1 million and fee income was $6.4 million. The total portfolio consisted of $1.6 billion of loans across 20 states and the District of Columbia.

As of June 30th, 2022, Broadmark Realty had a total of $91.7 million of loans in contractual default. Provisions for credit losses totaled $2.7 million compared to $58K in the second quarter of 2021.

Click here to download our most recent Sure Analysis report on BRMK (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #1: ARMOUR Residential REIT (ARR)

ARMOUR is a mortgage REIT that invests primarily in residential mortgagebacked securities that are guaranteed or issued by a United States government entity including Fannie Mae, Freddie Mac and Ginnie Mae. ARMOUR reported Q2 results on July 27th, 2022. The trust’s net interest income stood at $35.0 million.

Source: Investor Presentation

Liquidity including cash and unencumbered securities amounted to $573.7 million with $7.25 in book value per common share at quarter end. Q2 distributable earnings per share increased 16.8% quarter-over-quarter to 29 cents while the debt-to-equity ratio stood at 6.9-to-1 and leverage, including TBA Securities stood at 7.6-1.

Meanwhile, net interest margin increased to 2.22%, up 44 basis points quarter-over-quarter. Portfolio composition was 92% agency mortgage-backed securities, including TBA securities. Comprehensive loss stood at $(96.2) million, representing (10.7%) annualized return based on stockholder’s equity at the beginning of the quarter.

The trust also repurchased 248,000 shares of common stock at an average cost of $6.23 per share. Finally, interest rate swap contracts amounted to $6.9 billion which represents 94% of total repurchase agreement and TBA Securities liabilities.

Click here to download our most recent Sure Analysis report on ARR (preview of page 1 of 3 shown below):

Final Thoughts

Monthly dividend stocks could be more appealing to income investors than quarterly or semi-annual dividend stocks. This is because monthly dividend stocks make 12 dividend payments per year, instead of the usual 4 or 2.

Furthermore, monthly dividend stocks with high yields above 5% are even more attractive for income investors.

The 20 stocks on this list have not been vetted for dividend safety, meaning each investor should understand the unique risk factors of each company.

That said, these 20 dividend stocks make monthly payments to shareholders, and all have high dividend yields.

Further Reading

If you are interested in finding more high-quality dividend growth stocks suitable for long-term investment, the following Sure Dividend databases will be useful:

The major domestic stock market indices are another solid resource for finding investment ideas. Sure Dividend compiles the following stock market databases and updates them monthly:

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