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10 Monthly Dividend Stocks With Safe Payouts


Published on March 5th, 2026 by Bob Ciura

Monthly dividend stocks can be an attractive investment option for those seeking stable income.

That is because monthly dividend stocks provide a predictable and consistent stream of cash flow.

Monthly dividends allow investors to receive more frequent payments than stocks which pay quarterly or semi-annual dividend payouts.

As a result, monthly dividend stocks can help to cover living expenses, or supplement other sources of income.

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:

 

Click here to instantly download your free spreadsheet of all monthly dividend stocks now, along with important investing metrics.

However, not all monthly dividend stocks are equally safe. There are many examples of monthly dividend stocks reducing or eliminating their dividends.

In this article, we have analyzed the 10 monthly dividend stocks from our Sure Analysis Research Database with the lowest dividend payout ratios.

We have also excluded monthly dividend stocks with Dividend Risk Score of ‘F’, our lowest rating.

The 10 monthly dividend stocks below have been arranged in order, based on their payout ratios.

Table of Contents

Safest Monthly Dividend Stock #10: Realty Income (O)

Realty Income is a retail real estate focused REIT that has become famous for its successful dividend growth history and monthly dividend payments.

Realty Income owns retail properties that are not part of a wider retail development (such as a mall), but instead are standalone properties. This means that the properties are viable for many different tenants, including government services, healthcare services, and entertainment.

On November 3, 2025, Realty Income Corporation reported third-quarter 2025 results including revenue of $1.47 billion, exceeding consensus estimates and year-ago levels.

The company posted net income of approximately $315.8 million for the quarter. Same-store rental revenue rose 1.3% year-over-year to $1,162.3 million, and the rent recapture rate on re-leased units was 103.5% for both the quarter and the nine-month period ended September 30, 2025.

Investment activity was strong, with $200 million in U.S. wholly-owned acquisitions during Q3 (47 properties, 12.2-year weighted average term) and $623.2 million across 105 properties year-to-date (15.3-year term) in total.

Realty Income’s most important competitive advantage is its world-class management team that has successfully guided the trust in the past.

It has increased its dividend for 28 consecutive years, and is on the list of Dividend Aristocrats.

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

Safest Monthly Dividend Stock #9: Agree Realty (ADC)

Agree Realty is an integrated real estate investment trust (REIT) focused on ownership, acquisition, development, and retail property management.

Agree has developed over 40 community shopping centers throughout the Midwestern and Southeastern United States. At the end of December 2024, the company owned and operated 2,370 properties located in 50 states, containing approximately 48.8 million square feet of gross leasable space.

The company’s business objective is to invest in and actively manage a diversified portfolio of retail properties net leased to industry tenants.

On October 21st, 2025, Agree Realty Corp. reported third quarter results for Fiscal Year (FY)2025. The company reported strong third-quarter results for 2025, with EPS of $0.47, beating estimates by $0.01, and revenue of $183.22 million, up 18.7% year-over-year.

Net income per share rose 7.9% to $0.45, while Core FFO and AFFO per share increased 8.4% and 7.2% to $1.09 and $1.10, respectively.

The company declared a monthly dividend of $0.256 per share, representing a 2.4% increase from the prior year, and raised full-year 2025 AFFO guidance to $4.31–$4.33 per share.

ADC has increased its dividend for 13 consecutive years.

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

Monthly Dividend Stock #8: Savaria Corporation (SISXF)

Savaria Corporation is a leading provider of mobility solutions, specializing in accessibility products such as stairlifts, home and commercial elevators, platform lifts, and medical beds.

Headquartered in Canada, Savaria serves a growing market of elderly and physically challenged individuals. The company has expanded significantly over the years, both organically and through acquisitions, positioning itself as a key player in the accessibility market.

On September 15th, 2025, Savaria raised its dividend by 3.8% to a monthly rate of C$0.0467. On November 5th, 2025, Savaria reported its Q3 results for the period ending September 30th, 2025.

Revenues increased by 5.2% to $159.6 million, driven by organic growth of 1.8%, a 2.5% positive foreign exchange impact, and a 0.9% contribution from the acquisition of Western Elevator.

Gross profit was $62.6 million, an 11.4% increase year-over-year, resulting in a gross margin of 39.2%. Operating income rose 25.7% to $19.7 million, while Adjusted EBITDA grew 13.9% to $33.8 million, with a margin of 21.2%. Net earnings were $13.8 million, or $0.19 per share, compared to $7.9 million, or $0.11 per share, in Q3 2024.

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

Safest Monthly Dividend Stock #7: Morguard North American Residential REIT (MNARF)

Morguard North American Residential Real Estate Investment Trust (MNARF) is a Canadian-listed multi-family residential REIT that owns and operates a diversified portfolio of rental apartment communities across Canada and the U.S.

As of December 31st, 2025, the REIT owned interests in 43 residential properties comprising 13,089 suites, with about 41% of suites located in Canada and 59% in the U.S., providing geographic and economic diversification.

The Canadian portfolio is heavily weighted toward Ontario, particularly Toronto and Mississauga, while the U.S. portfolio spans high-population-growth states such as Illinois, Florida, Texas, Georgia, and Colorado. MNARF focuses on mid-market, necessity-based rental housing. The REIT generated $259 million in revenues last year.

On February 10th, 2026, MNARF reported its full year results for the year ended December 31st, 2025, with revenue from real estate properties of $259 million, up 3.0% year over year, driven by rental rate increases and favorable foreign exchange movements.

Net operating income increased 4.6% year over year to $138.5 million, supported by stronger U.S. operating performance and higher AMR, partially offset by higher vacancy and operating expenses in Canada.

Portfolio fundamentals showed continued rental growth, with average monthly rent up 4.5% in Canada to $1,351 and 1.2% in the U.S. to $1,930, while occupancy averaged 93.3% in Canada and 91.3% in the U.S. at year end. FFO per Unit (diluted) increased to $1.31.

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

Safest Monthly Dividend Stock #6: Bird Construction (BIRDF)

Bird Construction is a leading Canadian construction and maintenance company with operations across the country, providing services in industrial, infrastructure, buildings, and institutional markets.

The company offers a full range of delivery models including general contracting, construction management, and design-build, with strong self-perform capabilities in areas like electrical, mechanical, and specialty trades.

Its activities span sectors such as energy, utilities, transportation, healthcare, education, and mining, with a focus on rather complex, large-scale projects and long-term maintenance and service work. Bird Construction generates over $2.3 billion in annual revenues and is based in Mississauga, Canada.

On November 12th, 2025, Bird Construction reported its Q3 results for the period ending September 30th, 2025. The company generated construction revenue of $683.8 million, representing a 5.8% year-over-year increase, driven primarily by organic growth in Infrastructure and Buildings as well as a full quarter contribution from the Jacob Bros acquisition, partially offset by delays in the start of certain industrial projects.

Net income was $22.8 million, or $0.41 per share, representing a 12.4% year-over-year decline, while adjusted earnings were $25.4 million, or $0.46 per share, down 10.0% year over year due to lower operating margins and higher overhead, despite higher revenue.

During the quarter, Bird secured over $1.0 billion of new contracted work, bringing total backlog to $3.6 billion, up 34.6% from year-end 2024, while pending backlog also reached $3.6 billion.

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

Safest Monthly Dividend Stock #5: Boardwalk Real Estate Investment Trust (BOWFF)

Boardwalk Real Estate Investment Trust is a Canadian multi-family residential REIT focused on owning, operating, and reinvesting in affordable and value-oriented rental apartment communities across Western and Central Canada.

As of September 30th, 2025, Boardwalk owned and operated over 200 properties comprising approximately 34,600 residential suites and more than 30 million net rentable square feet, with its portfolio being concentrated in Alberta, Saskatchewan, Quebec, Ontario, and British Columbia.

The REIT emphasizes high-occupancy, mid-market rental housing, supported by a vertically integrated operating platform, active asset repositioning, and a multi-brand strategy (such as Boardwalk Living, Communities, and Lifestyle) designed to serve a broad demographic. Boardwalk registered $429 million in revenues last year.

On November 4th, 2025, Boardwalk REIT posted its Q3 results for the period ended September 30th, 2025. Revenue for the quarter was $112.9 million, up 4.8% year-over-year, while same-property rental revenue increased 5.1% year-over-year.

Same-property NOI grew 8.6%, reflecting continued operating margin expansion as revenue growth materially outpaced expenses.

Cash flow performance strengthened meaningfully, with FFO per Unit increasing 10.8% year over year and AFFO per Unit rising 12.6% to $0.77, driven by higher in-place occupied rents across all regions and the continued reduction of prior leasing incentives, particularly in Alberta and Saskatchewan. Occupancy remained high at 97.7%.

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

Safest Monthly Dividend Stock #4: Richards Packaging Income Fund (RPKIF)

Richards Packaging Income Fund is a Canada-based distributor of specialty packaging solutions. The company has more than 18,000 customers across the healthcare, food & beverage, and cosmetics sectors.

It sources over 8,000 packaging SKUs from over 900 suppliers globally and operates three manufacturing facilities, which account for a small portion of total revenue.

Richards Packaging is the largest packaging distributor in Canada and the third largest in North America, with operations concentrated in major logistics hubs across Canada and the U.S.

Its healthcare vertical makes up over half of its revenue, supported by growing demand for medical, vision, and surgical packaging supplies. Food & beverage and cosmetics make up the balance.

Its model emphasizes distribution scale, diversified end-markets, and stable cash generation, underpinned by a conservative balance sheet and strong insider ownership now standing at 15%.

On October 30th, 2025, Richards Packaging released its third quarter results. Revenue rose 11.1% to $78.11 million, driven by acquisitions (+10.3%) and healthcare growth (+3.0%), offset by a contraction in food & beverage (-5.9% )and flat cosmetics performance.

Distributable cash flow was $4.70 million, down from $6.34 million a year earlier. Net income fell to $3.69 million, or $0.34 per unit.

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

Safest Monthly Dividend Stock #3: Grupo Aval Acciones y Valores S.A. (AVAL)

Grupo Aval Acciones y Valores S.A. is a Colombian financial holding company. It is the parent institution of four different Colombian banks which, in aggregate, are the largest banking entity in the country as measured by deposits and gross loans.

Grupo Aval’s subsidiaries also control businesses across verticals including pensions and asset management, payments, government finance, investment banking, and insurance.

In addition, Aval has partial ownership of a subsidiary which owns hard assets in Colombia including toll roads, energy and gas, agribusiness, and hotels.

The company reported its Q3 results on Nov. 13th, 2025. Q3 was robust, with the company’s EPS of 12 cents beating expectations by two cents and increasing from the eight cents reported in the same period of 2024.

The bank’s net interest margin surged 46 basis points year-over-year, as Aval has enjoyed wider lending spreads within the Colombian market.

Meanwhile, cost of risk remained relatively low, leading to dramatic margin expansion. Colombia’s economy had been in a slump driven by weak commodity prices and a deeply unpopular president whose economic agenda failed to resonate with local business owners. That said, activity has recovered from 2023’s most depressed level.

The Colombian Peso has appreciated against the U.S. Dollar in 2025, which increases Aval’s EPS figure as quoted in dollars.

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

Safest Monthly Dividend Stock #2: Dynacor Group (DNGDF)

Dynacor is a Canadian industrial gold processor with core operations in Peru, where it purchases ore from artisanal and small-scale miners and processes it at its wholly owned Veta Dorada plant in Chala.

The facility has a nameplate capacity of 430 tonnes per day and is optimized for continuous, high-efficiency throughput.

Dynacor’s model is unique in that it does not engage in exploration or mining, instead operating an extensive ore purchasing network across Peru to source high-grade feedstock.

The company operates a strong logistics network for collecting ore, runs its own labs for analysis, and handles gold exports with secure, reliable systems.

Dynacor also reinvests in expanding its supply network and enhancing plant capacity, while maintaining a lean cost structure and consistent production flow.

On November 11th, 2025, Dynacor reported its Q3 results. The company posted revenue of $100.5 million, up from $76.2 million last year, a 31.9% increase driven primarily by significantly higher realized gold prices, despite lower gold sales volumes tied to temporary ore supply disruptions earlier in the quarter.

Gold sales totaled 28,764 gold-equivalent ounces, down from 30,651 ounces in Q3 2024. The average selling price rose sharply to $3,494 per ounce, compared to $2,485 last year.

Net income was $5.5 million, slightly below the $5.9 million recorded in Q3 2024. EPS declined to $0.13 from $0.16. Operating margin was 11.7%, down from 13.6% last year, reflecting non-recurring reorganization expenses, higher general and administrative costs associated with international expansion, and lower production volumes.

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

Safest Monthly Dividend Stock #1: Banco Bradesco S.A. (BBD)

Banco Bradesco offers various banking products and financial services to individuals, corporations, and businesses in Brazil and internationally.

The company’s two main segments are banking and insurance, including checking and savings accounts, demand deposits, and time deposits, as well as accident and property insurance products, and investment products. The company generates around $34 billion in total interest income and is headquartered in Osasco, Brazil.

On October 30th, 2025, Banco Bradesco released its Q3 results for the period ending September 30th, 2025. For the quarter, the banking segment’s net interest income reached approximately $3.55 billion, a 16.9% increase year-over-year.

The growth was primarily supported by higher interest income from financial assets and the expansion of the loan portfolio, with management highlighting continued strength in client NII and a decline in market NII compared to the prior year.

Insurance operations also performed well, with gross profit from insurance and pension plans rising to $1.08 billion, up 13.0% year-over-year. The insurance segment posted a net income attributable to shareholders of $475 million, representing a 6.5% increase over last year, driven by improved underwriting results and stronger financial income.

Recurring net income came in at $1.18 billion, marking an 18.8% year-over-year increase. This result benefited from higher fee and commission income, which rose 6.9% in BRL terms, and continued improvement in credit costs, which remained well behaved despite growth in the loan book. EPS for the quarter was about $0.11 per share.

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

Final Thoughts

Monthly dividend stocks can be an attractive option for investors seeking a steady source of income throughout the year.

While no investment comes without risk, some monthly dividend stocks have demonstrated a history of financial stability, consistent earnings, and reliable dividend payments.

Our list of the 10 safest monthly dividend stocks includes companies from a variety of industries that rank highly based on their payout ratios and high yields.

Nevertheless, there are numerous other monthly dividend stocks available, each with its unique risk factors. Monthly dividend stocks carry elevated risks, so investors should be sure to conduct thorough research before buying.

Additional Reading

Don’t miss the resources below for more monthly dividend stock investing research.

And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.

Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.



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