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2025 Monthly Dividend Stocks List | See All 76 Now | Yields Up To 20.8%


Updated on June 4th, 2025 by Bob Ciura
Spreadsheet data updated daily

Monthly dividend stocks are securities that pay a dividend every month instead of quarterly or annually.

This research report focuses on all 76 individual monthly paying securities. It includes the following resources.

Resource #1: The Monthly Dividend Stock Spreadsheet List

 

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

This list contains important metrics, including: dividend yields, payout ratios, dividend growth rates, 52-week highs and lows, and more.

Note: We strive to maintain an accurate list of all monthly dividend payers. There’s no universal source we are aware of for monthly dividend stocks; we curate this list manually. If you know of any stocks that pay monthly dividends that are not on our list, please email support@suredividend.com.

Resource #2: The Monthly Dividend Stocks In Focus Series
The Monthly Dividend Stocks In Focus series is where we analyze all monthly paying dividend stocks. This resource links to stand-alone analysis on each of these securities.

Resource #3: The 10 Best Monthly Dividend Stocks
This research report analyzes the 10 best monthly dividend stocks as ranked by expected total return.

Resource #4: Other Monthly Dividend Stock Research
– Monthly dividend stock performance
– Why monthly dividends matter
– The dangers of investing in monthly dividend stocks
– Final thoughts and other income investing resources

The Monthly Dividend Stocks In Focus Series

You can see detailed analysis on the individual monthly dividend securities we cover by clicking the links below:

  1. Agree Realty (ADC)
  2. AGNC Investment (AGNC)
  3. Atrium Mortgage Investment Corporation (AMIVF)
  4. Apple Hospitality REIT, Inc. (APLE)
  5. ARMOUR Residential REIT (ARR)
  6. Banco Bradesco S.A. (BBD)
  7. Diversified Royalty Corp. (BEVFF)
  8. Boston Pizza Royalties Income Fund (BPZZF)
  9. Bridgemarq Real Estate Services (BREUF)
  10. BSR Real Estate Investment Trust (BSRTF)
  11. Canadian Apartment Properties REIT (CDPYF)
  12. ChemTrade Logistics Income Fund (CGIFF)
  13. Choice Properties REIT (PPRQF)
  14. Cross Timbers Royalty Trust (CRT)
  15. CT Real Estate Investment Trust (CTRRF)
  16. SmartCentres Real Estate Investment Trust (CWYUF)
  17. Dream Office REIT (DRETF)
  18. Dream Industrial REIT (DREUF)
  19. Dynex Capital (DX)
  20. Ellington Residential Mortgage REIT (EARN)
  21. Ellington Financial (EFC)
  22. EPR Properties (EPR)
  23. Exchange Income (EIFZF)
  24. Extendicare Inc. (EXETF)
  25. Flagship Communities REIT (MHCUF)
  26. First National Financial Corporation (FNLIF)
  27. Freehold Royalties Ltd. (FRHLF)
  28. Firm Capital Property Trust (FRMUF)
  29. Fortitude Gold (FTCO)
  30. Gladstone Capital Corporation (GLAD)
  31. Gladstone Commercial Corporation (GOOD)
  32. Gladstone Investment Corporation (GAIN)
  33. Gladstone Land Corporation (LAND)
  34. Global Water Resources (GWRS)
  35. Granite Real Estate Investment Trust (GRP.U)
  36. Grupo Aval Acciones y Valores S.A. (AVAL)
  37. H&R Real Estate Investment Trust (HRUFF)
  38. Horizon Technology Finance (HRZN)
  39. Itaú Unibanco (ITUB)
  40. The Keg Royalties Income Fund (KRIUF)
  41. LTC Properties (LTC)
  42. Sienna Senior Living (LWSCF)
  43. Main Street Capital (MAIN)
  44. Modiv Inc. (MDV)
  45. Mullen Group Ltd. (MLLGF)
  46. Northland Power Inc. (NPIFF)
  47. NorthWest Healthcare Properties REIT (NWHUF)
  48. Orchid Island Capital (ORC)
  49. Oxford Square Capital (OXSQ)
  50. Permian Basin Royalty Trust (PBT)
  51. Phillips Edison & Company (PECO)
  52. Pennant Park Floating Rate (PFLT)
  53. Peyto Exploration & Development Corp. (PEYUF)
  54. Pine Cliff Energy Ltd. (PIFYF)
  55. Primaris REIT (PMREF)
  56. Paramount Resources Ltd. (PRMRF)
  57. PermRock Royalty Trust (PRT)
  58. Prospect Capital Corporation (PSEC)
  59. Permianville Royalty Trust (PVL)
  60. Pizza Pizza Royalty Corp. (PZRIF)
  61. Realty Income (O)
  62. RioCan Real Estate Investment Trust (RIOCF)
  63. Richards Packaging Income Fund (RPKIF)
  64. Sabine Royalty Trust (SBR)
  65. Stellus Capital Investment Corp. (SCM)
  66. Savaria Corp. (SISXF)
  67. San Juan Basin Royalty Trust (SJT)
  68. Sir Royalty Income Fund (SIRZF)
  69. SL Green Realty Corp. (SLG)
  70. Whitecap Resources Inc. (SPGYF)
  71. Slate Grocery REIT (SRRTF)
  72. Stag Industrial (STAG)
  73. Timbercreek Financial Corp. (TBCRF)
  74. Tamarack Valley Energy (TNEYF)
  75. U.S. Global Investors (GROW)
  76. Whitestone REIT (WSR)

The 10 Best Monthly Dividend Stocks

This research report examines the 10 monthly dividend stocks from our Sure Analysis Research Database with the highest 5-year forward expected total returns.

We currently cover almost all monthly dividend stocks every quarter in the Sure Analysis Research Database.

Use the table below to quickly jump to analysis on any of the top 10 best monthly dividend stocks as ranked by expected total returns.

Table of Contents

You can instantly jump to any specific section of the article by using the links below:

Monthly Dividend Stock #10: PennantPark Floating Rate Capital (PFLT)

PennantPark Floating Rate Capital Ltd. is a business development company that seeks to make secondary direct, debt, equity, and loan investments.

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

PennantPark Floating Rate Capital reported its fiscal second-quarter 2025 results for the period ending March 31, 2025. The company achieved net investment income (NII) of $25.0 million, or $0.28 per share, which fell short of the consensus estimate of $0.33 per share, marking a 15.15% earnings miss. Total investment income for the quarter was $61.9 million, also below expectations.

Despite the earnings miss, PFLT maintained its monthly distribution of $0.1025 per share, totaling $0.3075 for the quarter. The company’s investment portfolio grew to $2.34 billion, up from $1.98 billion in the previous quarter, with a weighted average yield on debt investments of 10.5%.

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

Monthly Dividend Stock #9: Whitestone REIT (WSR)

Whitestone is a retail REIT that owns about 55 properties with about 4.9 million square feet of gross leasable area primarily in fast-growing U.S. markets such as Texas and Arizona. Its tenant base is very diversified consisting of 1,466 tenants with no single tenant exceeding 2.1% of annualized base rental revenue.

Its strategy is to prioritize renting to strong tenants and service-oriented businesses, including grocery, restaurant, health and fitness, financial services, logistics services, education, and entertainment, etc. in neighborhoods with high disposable income.

Whitestone reported its fourth-quarter and full-year 2024 results on 3/3/25. During the quarter, it witnessed an occupancy rate of 94.1% versus 94.2% in Q4 2023. For the quarter, revenues grew 8.8% to $40.8 million versus Q4 2023.

Funds from operations (“FFO”) rose 33% year over year to $14.7 million, as did FFO per share — rising 33% to $0.28. Same-store net operating income (“SSNOI”) rose 5.8% to $25.0 million.

Rental rate growth was 21.9%, which aligned with 21.8% a year ago, supported by rental rate growth in renewal leases at 19.0% versus 15.3% a year ago and new leases at 36.1% vs. 37.3% a year ago. There were 29 new leases and 50 renewal leases in the quarter.

For 2024, revenue growth was 5.0% to $154.3 million, FFO growth was 12% to $50.7 million, and FFO per share was up 11.4% at $0.98. Whitestone initiated its 2025 FFO per share to be $1.03-1.07.

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

Monthly Dividend Stock #8: Dream Office REIT (DRETF)

Dream Office REIT is a Toronto-focused office real estate investment trust that owns and manages a portfolio of 26 high-quality office properties totaling 4.8 million square feet of gross leasable area.

Most of its properties are concentrated in downtown Toronto, one of the most institutional and supply-constrained office markets in the country.

On May 8th, 2025, Dream Office REIT posted its first quarter 2025 results. Net rental income totaled about $18 million, down slightly from last year, primarily due to the sale of 438 University Avenue and lower occupancy in downtown Toronto.

Same-property net operating income grew modestly by 0.2% to about $18 million, as rent increases and cost efficiencies offset the impact of lease expires. Dream Office completed about 255,000 square feet of leasing activity during the quarter.

In Toronto downtown, new leases were signed at average rents just under 1% above expiring levels, signaling continued interest in well-located quality space.

Nonetheless, overall in-place occupancy declined year-over-year to 78.4%, with committed occupancy ending the quarter at 81.2%, reflecting the expiry of a major lease at 74 Victoria Street and the impact of asset sales.

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

Monthly Dividend Stock #7: 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 mortgage–backed securities (RMBS) backed by prime jumbo, Alt–A, 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, mortgage–related and non–mortgage–related derivatives, equity investments in mortgage originators and other strategic investments.

You can see a snapshot of Ellington’s investment portfolio in the image below:

Source: Investor Presentation

On February 27th, 2025, Ellington Financial reported its Q4 results for the period ending December 31st, 2024. As with previous quarters, the company reported only income, not revenues. Gross interest income totaled $108.0 million, a notable increase from Q3, driven by higher contribution from Longbridge and expansion in several credit verticals.

Adjusted EPS came in at $0.45, up five cents sequentially. The increase was led by strong originations and securitization-related gains at Longbridge, which continues to be a major earnings engine.

The Agency strategy remained a drag on performance, reporting a net loss of $0.04 per share, as hedging gains couldn’t fully offset RMBS losses in the rising rate environment.

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

Monthly Dividend Stock #6: 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 Q4 and full-year results on February 19th. Q4 was robust, with the company’s net income tripling year-over-year, and EPS rising from 2 cents to 6 cents per share.

Loans grew 7% and deposits surged 10% while at the same time, Aval saw its risk metrics improve, leading to dramatic margin expansion.

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

Monthly Dividend Stock #5: AGNC Investment Corp. (AGNC)

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

The firm’s asset portfolio is comprised of residential mortgage pass–through securities, collateralized mortgage obligations (or CMO), and non–agency MBS. Many of these are guaranteed by government–sponsored enterprises.

Source: Investor Presentation

On April 22, 2025, AGNC Investment Corp. reported its financial results for the first quarter of 2025. The company announced a comprehensive income of $0.12 per common share, which included $0.02 in net income and $0.10 in other comprehensive income.

The tangible net book value per common share decreased by 1.9% from the previous quarter, ending at $8.25 as of March 31, 2025. AGNC achieved a 2.4% economic return on tangible common equity for the quarter, comprising $0.36 in dividends declared and a $0.16 decline in tangible book value.

The company’s net spread and dollar roll income was $0.44 per share, an increase from $0.37 in the prior quarter, reflecting improved earnings from its investment portfolio.

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

Monthly Dividend Stock #4: Orchid Island Capital (ORC)

Orchid Island Capital is a mortgage REIT that is externally managed by Bimini Advisors LLC and focuses on investing in residential mortgage-backed securities (RMBS), including pass-through and structured agency RMBSs.

These financial instruments generate cash flow based on residential loans such as mortgages, subprime, and home-equity loans.

Source: Investor Presentation

On April 24, 2025, Orchid Island Capital reported its financial results for the first quarter of 2025. The company announced a net income of $17.1 million, or $0.18 per common share, a decrease from $19.8 million, or $0.38 per share, in the same quarter of the previous year.

Net interest income improved to $19.7 million, driven by a higher average yield on Agency RMBS of 5.41% and a reduction in borrowing costs to 4.29%.

Total expenses for the quarter were $4.2 million, and the company recorded net realized and unrealized gains of $1.6 million on RMBS and derivative instruments. The book value per share declined to $7.94 as of March 31, 2025, from $8.09 at the end of 2024.

Click here to download our most recent Sure Analysis report on Orchid Island Capital, Inc. (ORC) (preview of page 1 of 3 shown below):

Monthly Dividend Stock #3: Itau Unibanco (ITUB)

Itaú Unibanco Holding S.A. is headquartered in Sao Paulo, Brazil. The bank has operations across South America and other places like the United States, Portugal, Switzerland, China, Japan, etc.

On February 6th, 2025, Itaú Unibanco reported fourth-quarter and full year results for 2024. The company reported recurring managerial result reached R$10.9 billion, up 2.0% from the previous quarter, with a 22.1% return on equity.

The loan portfolio grew 6.3% overall and 5.8% in Brazil, driven by mortgage (+5.6%), vehicle financing (+1.8%), and credit card loans (+6.8%).

Small and medium-sized business loans rose 8.1% due to foreign exchange effects and government backed financing. Corporate lending increased 6.8%.

Higher lending and an improved liabilities margin led to a 3.7% rise in the financial margin with clients, while credit costs rose 4.8%. Nonperforming loans over 90 days (NPL 90) improved to 2.4%, with similar gains in short-term delinquency rates.

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

Monthly Dividend Stock #2: Horizon Technology Finance (HRZN)

Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.

The company has generated attractive risk–adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants.

Source: Investor Presentation

On April 29th, 2025, Horizon announced its Q1 results for the period ending March 31st, 2025. For the quarter, total investment income fell 6.2% year-over-year to $24.5 million, primarily due to lower interest income on investments from the debt investment portfolio.

More specifically, the company’s dollar-weighted annualized yield on average debt investments in Q1 of 2025 and Q1 of 2024 was 15.0% and 15.6%, respectively.

Net investment income per share (IIS) fell to $0.27, down from $0.38 compared to Q1-2024. Net asset value (NAV) per share landed at $7.57, down from $9.64 year-over-year and $8.43 sequentially.

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

Monthly Dividend Stock #1: Ellington Credit Co. (EARN)

Ellington Credit Co. 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. government–sponsored enterprise.

Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.

On March 12th, 2025, Ellington Residential reported its fourth quarter results for the period ending December 31, 2024. The company generated a net loss of $(2.0) million, or $(0.07) per share.

Ellington achieved adjusted distributable earnings of $7.8 million in the quarter, leading to adjusted earnings of $0.27 per share, which covered the dividend paid in the period.

Ellington’s net interest margin was 5.07% overall. At quarter end, Ellington had $31.8 million of cash and cash equivalents, and $79 million of other unencumbered assets.

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

Other Monthly Dividend Stock Resources

Each separate monthly dividend stock has its own unique characteristics. The resources below will give you a better understanding of monthly dividend stock investing.

The following research reports will help you generate more monthly dividend stock investment ideas.

Monthly Dividend Stock Performance
In May 2025, a basket of the monthly dividend stocks above generated returns of 5.0%. For comparison, the Russell 2000 ETF (IWM) generated returns of 5.2% for the month.

Notes: Data for performance is from Ycharts. Canadian company performance may be in the company’s home currency. 

Monthly dividend stocks under-performed the Russell 2000 last month. We will update our performance section monthly to track future monthly dividend stock returns.

In May 2025, the 3 best-performing monthly dividend stocks (including dividends) were:

The 3 worst-performing monthly dividend stocks (including dividends) in the month were:

Why Monthly Dividends Matter
Monthly dividend payments are beneficial for one group of investors in particular; retirees who rely on dividend stocks for income.

With that said, monthly dividend stocks are better under all circumstances (everything else being equal), because they allow for returns to be compounded on a more frequent basis. More frequent compounding results in better total returns, particularly over long periods of time.

Consider the following performance comparison:

Monthly vs Quarterly Compounding Over 40 Years

Over the long run, monthly compounding generates slightly higher returns over quarterly compounding. Every little bit helps.

With that said, it might not be practical to manually re-invest dividend payments on a monthly basis. It is more feasible to combine monthly dividend stocks with a dividend reinvestment plan to dollar cost average into your favorite dividend stocks.

The last benefit of monthly dividend stocks is that they allow investors to have – on average – more cash on hand to make opportunistic purchases. A monthly dividend payment is more likely to put cash in your account when you need it versus a quarterly dividend.

Case-in-point: Investors who bought a broad basket of stocks at the bottom of the 2008-2009 financial crisis are likely sitting on triple-digit total returns from those purchases today.

The Dangers of Investing In Monthly Dividend Stocks
Monthly dividend stocks have characteristics that make them appealing to do-it-yourself investors looking for a steady stream of income. Typically, these are retirees and people planning for retirement.

Investors should note many monthly dividend stocks are highly speculative. On average, monthly dividend stocks tend to have elevated payout ratios. An elevated payout ratio means there’s less margin for error to continue paying the dividend if business results suffer a temporary (or permanent) decline.

As a result, we have real concerns that many monthly dividend payers will not be able to continue paying rising dividends in the event of a recession.

Additionally, a high payout ratio means that a company is retaining little money to invest for future growth. This can lead management teams to aggressively leverage their balance sheet, fueling growth with debt. High debt and a high payout ratio is perhaps the most dangerous combination around for a potential future dividend reduction.

With that said, there are a handful of high-quality monthly dividend payers around. Chief among them is Realty Income (O). Realty Income has paid increasing dividends (on an annual basis) every year since 1994.

The Realty Income example shows that there are high-quality monthly dividend payers around, but they are the exception rather than the norm. We suggest investors do ample due diligence before buying into any monthly dividend payer.

Final Thoughts & Other Income Investing Resources

Financial freedom is achieved when your passive investment income exceeds your expenses. But the sequence and timing of your passive income investment payments can matter.

Monthly payments make matching portfolio income with expenses easier. Most personal expenses recur monthly whereas most dividend stocks pay quarterly. Investing in monthly dividend stocks matches the frequency of portfolio income payments with the normal frequency of personal expenses.

Additionally, many monthly dividend payers offer investors high yields. The combination of a monthly dividend payment and a high yield should be especially appealing to income investors.

But not all monthly dividend payers offer the safety that income investors need. A monthly dividend is better than a quarterly dividend, but not if that monthly dividend is reduced soon after you invest. The high payout ratios and shorter histories of most monthly dividend securities mean they tend to have elevated risk levels.

Because of this, we advise investors to look for high-quality monthly dividend payers with reasonable payout ratios, trading at fair or better prices.

 

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

Additionally, 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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