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2026 Monthly Dividend Stocks List | See All 119 Now | Yields Up To 23.3%


Updated on April 2nd, 2026 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 119 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
– 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. Automotive Properties Real Estate Investment Trust (APPTF)
  6. Allied Properties Real Estate Investment Trust (APYRF)
  7. ARMOUR Residential REIT (ARR)
  8. Banco BBVA Argentina S.A. (BBAR)
  9. Banco Bradesco S.A. (BBD)
  10. BCP Investment Corp. (BCIC)
  11. Diversified Royalty Corp. (BEVFF)
  12. Bird Construction (BIRDF)
  13. Banco Macro S.A. (BMA)
  14. Boardwalk Real Estate Investment Trust (BOWFF)
  15. Boston Pizza Royalties Income Fund (BPZZF)
  16. Bridgemarq Real Estate Services (BREUF)
  17. BSR Real Estate Investment Trust (BSRTF)
  18. BTB Real Estate Investment Trust (BTBIF)
  19. Canadian Apartment Properties REIT (CDPYF)
  20. Cardinal Energy Ltd. (CRLFF)
  21. ChemTrade Logistics Income Fund (CGIFF)
  22. CION Investment Corporation (CION)
  23. Canadian Net REIT (CNNRF)
  24. Chiron Real Estate (XRN)
  25. Choice Properties REIT (PPRQF)
  26. Crombie Real Estate Investment Trust (CROMF)
  27. Cross Timbers Royalty Trust (CRT)
  28. Capital Southwest Corp. (CSWC)
  29. CT Real Estate Investment Trust (CTRRF)
  30. Chartwell Retirement Residences (CWSRF)
  31. SmartCentres Real Estate Investment Trust (CWYUF)
  32. Decisive Dividend Corp. (DEDVF)
  33. Dynacor Group Inc (DNGDF)
  34. Dream Office REIT (DRETF)
  35. Dream Industrial REIT (DREUF)
  36. Dynex Capital (DX)
  37. Ellington Residential Mortgage REIT (EARN)
  38. Ellington Financial (EFC)
  39. Nexus Industrial REIT (EFRTF)
  40. EPR Properties (EPR)
  41. Exchange Income (EIFZF)
  42. Extendicare Inc. (EXETF)
  43. Flagship Communities REIT (MHCUF)
  44. First National Financial Corporation (FNLIF)
  45. Freehold Royalties Ltd. (FRHLF)
  46. Firm Capital Mortgage Investment Trust (FCMGF)
  47. Firm Capital Real Estate Investment Trust (FCXXF)
  48. Firm Capital Property Trust (FRMUF)
  49. Fortitude Gold (FTCO)
  50. Gladstone Capital Corporation (GLAD)
  51. Gladstone Commercial Corporation (GOOD)
  52. Gladstone Investment Corporation (GAIN)
  53. Gladstone Land Corporation (LAND)
  54. Global Water Resources (GWRS)
  55. Granite Real Estate Investment Trust (GRTUF)
  56. Grupo Aval Acciones y Valores S.A. (AVAL)
  57. Grupo Financiero Galicia S.A. (GGAL)
  58. Gamehost Inc. (GHIFF)
  59. GO Residential REIT (GONYF)
  60. Healthpeak Properties (DOC)
  61. H&R Real Estate Investment Trust (HRUFF)
  62. Horizon Technology Finance (HRZN)
  63. Himalaya Shipping Ltd. (HSHP)
  64. InPlay Oil Corp. (IPOOF)
  65. Itaú Unibanco (ITUB)
  66. Invesco Mortgage Capital (IVR)
  67. K-Bro Linen Inc. (KBRLF)
  68. Killam Apartment REIT (KMMPF)
  69. LTC Properties (LTC)
  70. Sienna Senior Living (LWSCF)
  71. Main Street Capital (MAIN)
  72. Mesa Royalty Trust (MTR)
  73. Modiv Inc. (MDV)
  74. Morguard Real Estate Investment Trust (MGRUF)
  75. Flagship Communities REIT (MHCUF)
  76. Minto Apartment REIT (MIAPF)
  77. Mullen Group Ltd. (MLLGF)
  78. Morguard North American REIT (MNARF)
  79. Northland Power Inc. (NPIFF)
  80. Northview Residential REIT (NRRUF)
  81. NorthWest Healthcare Properties REIT (NWHUF)
  82. Olympia Financial Group (OLYFF)
  83. Orchid Island Capital (ORC)
  84. Oxford Square Capital (OXSQ)
  85. Plaza Retail REIT (PAZRF)
  86. Permian Basin Royalty Trust (PBT)
  87. Phillips Edison & Company (PECO)
  88. Pennant Park Floating Rate (PFLT)
  89. Peyto Exploration & Development Corp. (PEYUF)
  90. Pine Cliff Energy Ltd. (PIFYF)
  91. Primaris REIT (PMREF)
  92. PennantPark Investment Corp. (PNNT)
  93. Paramount Resources Ltd. (PRMRF)
  94. PermRock Royalty Trust (PRT)
  95. Pro Real Estate Investment Trust (PRVFF)
  96. Prospect Capital Corporation (PSEC)
  97. Petrus Resources Ltd. (PTRUF)
  98. Permianville Royalty Trust (PVL)
  99. Pizza Pizza Royalty Corp. (PZRIF)
  100. Realty Income (O)
  101. RioCan Real Estate Investment Trust (RIOCF)
  102. Richards Packaging Income Fund (RPKIF)
  103. Saratoga Invesmtent Corp. (SAR)
  104. Sabine Royalty Trust (SBR)
  105. Stellus Capital Investment Corp. (SCM)
  106. Savaria Corp. (SISXF)
  107. San Juan Basin Royalty Trust (SJT)
  108. Sir Royalty Income Fund (SIRZF)
  109. SmartStop Self Storage REIT (SMA)
  110. Source Rock Royalties Ltd. (SRRRF)
  111. Slate Grocery REIT (SRRTF)
  112. Stag Industrial (STAG)
  113. Surge Energy Inc. (ZPTAF)
  114. Timbercreek Financial Corp. (TBCRF)
  115. Trinity Capital (TRIN)
  116. True North Commercial REIT (TUERF)
  117. Telefonica Brasil S.A. (VIV)
  118. U.S. Global Investors (GROW)
  119. Whitecap Resources Inc. (WCPRF)

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: Cardinal Energy Ltd. (CRLFF)

Cardinal Energy is a Canadian oil and gas producer operating primarily in Alberta and Saskatchewan, with a strong focus on conventional light and medium oil.

Its operations are centered on mature, low-decline fields where enhanced oil recovery methods, like waterflooding and CO₂ injection, are actively used to maintain stable production.

The company manages a large inventory of vertical and horizontal wells tied into company-owned infrastructure, which supports efficient field operations and cost control.

With over 90% of production weighted to oil and NGLs, Cardinal’s day-to-day operations are heavily oil-driven, with ongoing maintenance, recompletions, and targeted infill drilling forming the backbone of its development activity.

On March 12th, 2026, Cardinal Energy posted its Q4 and year-end results for the period ending December 31st, 2025. Net revenue for the quarter was $79.6 million, down 12% from the same period in 2024, as record production volumes were offset by notable lower realized commodity prices.

Production averaged 23,514 boe/d, a 7% year-over-year increase, with crude oil and NGLs making up roughly 91% of the total mix. Adjusted funds flow was about $34.0 million, reflecting weaker global pricing partially offset by the early arrival of first oil from the Reford thermal project.

Diluted EPS for the quarter was a loss of $0.13, compared to earnings of $0.12 in the prior year period. For the full year, the company reported a final EPS of $0.09.

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

Monthly Dividend Stock #9: Healthpeak Properties (DOC)

Healthpeak Properties is the largest healthcare REIT in the U.S., with 774 properties. It was the first healthcare REIT that was included in the S&P 500.

The REIT invests in life science facilities, senior houses, and medical offices, with 97% of its portfolio based on private-pay sources.

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

Monthly Dividend Stock #8: Gladstone Commercial (GOOD)

Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S.

The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.

The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.

Gladstone posted fourth-quarter and full-year earnings on February 19th, 2026, and results were better than expected on both the top and bottom lines.

Funds-from-operations per-share came to 37 cents in Q4, which was a penny ahead of estimates. Revenue was $43.46 million, which was $2.23 million better than expected.

Same-store lease revenue was up 4% in the 12 months ending in December against the same period a year earlier. Operating revenue for the quarter was $43.5 million, while operating expenses were $26.4 million.

Net assets increased during the year from $1.1 billion to $1.2 billion. Management noted that during 2025 Gladstone acquired $206 million of industrial assets across 10 facilities totaling 1.6 million square feet.

These deals carried a weighted average cap rate of 8.88% and an average lease term of 15.9 years. The company saw 100 collection of cash based rents, and occupancy of 99.1% across its portfolio, with the average remaining lease being 7.3 years.

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

Monthly Dividend Stock #7: EPR Properties (EPR)

EPR Properties is a specialty real estate investment trust, or REIT, that invests in properties in specific market segments that require industry knowledge to operate effectively.

It selects properties it believes have strong return potential in Entertainment, Recreation, and Education. The REIT structures its investments as triple net, a structure that places the operating costs of the property on the tenants, not the REIT.

The portfolio includes about $7 billion in investments across 300+ locations in 44 states, including over 250 tenants. Total revenue should be in excess of $750 million this year.

EPR posted fourth quarter and full-year earnings on February 26th, 2026. FFO-per-share came to $1.30, which was as expected.

Revenue was up 3.2% year-over-year to $183 million, beating estimates by $1 million. Rental revenue was up $8 million year-over-year.

For the year, FFO came to $5.12 per share, up from $4.87 a year ago. Disposition proceeds were $35 million for the quarter and $168 million a year ago.

The company also announced that it is acquiring seven regional amusement parks from Six Flags Entertainment (FUN) for a gross amount of $342 million. This would be the largest acquisition since 2017.

EPR boosted its dividend by 5% to a new payout of $3.72 annually, its 5th consecutive year of increases.

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

Monthly Dividend Stock #6: Saratoga Investment Corp. (SAR)

Saratoga Investment Corp is a business development company (BDC) that provides customized debt and equity financing to U.S. middle-market companies, focusing on income generation through predominantly senior credit instruments.

As of November 30th, 2025, the fair value of its investment portfolio was $1,016.0 million, excluding $169.6 million in cash and cash equivalents.

The portfolio composition by fair value was $852.5 million in first-lien term loans (83.9%), $8.1 million in second-lien term loans (0.80%), $16.3 million in unsecured loans (1.60%), $54.9 million in structured finance securities (5.40%), and $84.4 million in common equity (8.3%).

SAR’s holdings span 39 distinct industry classifications, with notable exposures in Healthcare Services (largest single sector) at 9.7% of portfolio fair value, Structured Finance Securities at 7.3%, and Consumer Services at 6.0%.

On January 7th, 2026, Saratoga Investment Corp. reported its fiscal Q3 2026 results for the period ending November 30th, 2025. Total investment income declined 11.8% year over year to $31.6 million, reflecting lower base rates and a smaller average portfolio following elevated repayments over the past year.

Net asset value increased to $413.2 million, or $25.59 per share, representing a 0.7% increase quarter over quarter. Net investment income was $9.8 million, or $0.61 per share, representing a 32% decline from $0.90 per share in the prior year period, due to lower base interest rates and a smaller average earning asset base following elevated repayments over the past 12 months.

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

Monthly Dividend Stock #5: 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.

On November 24, 2025, PennantPark Floating Rate Capital Ltd. released its fourth fiscal quarter and full year 2025 financial results for the period ended September 30, 2025.

For the quarter, PFLT reported core net investment income of approximately $0.28 per share and a total investment income near $69.0 million, with revenue in line with analyst expectations, demonstrating steady underlying performance in its core lending business.

The firm’s net asset value per share was reported around $10.83, modestly lower than the prior quarter, reflecting market and portfolio valuation dynamics.

Portfolio assets grew to roughly $2.77 billion, supported by strong origination activity and a significant joint venture initiative that expanded lending capacity.

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

Monthly Dividend Stock #4: 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.

On March 3rd, 2026, Horizon announced its Q4 and full-year 2025 results. For the quarter, total investment income declined 12.2% year-over-year to $20.7 million, primarily due to lower interest income on debt investments from a smaller debt investment portfolio.

The company’s dollar-weighted annualized yield on average debt investments in Q4 2025 and Q4 2024 was 14.3% and 14.9%, respectively.

Net investment income per share (NII) fell year-over-year to $0.18 from $0.27. Net asset value (NAV) per share stood at $6.98, down from $8.43 in the prior year.

Horizon’s undistributed spillover income was $0.65 per share at year-end, still providing some income support for future distributions.

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

Monthly Dividend Stock #3: PennantPark Investment Corporation (PNNT)

PennantPark Investment Corporation is a business development company focused on providing private credit to U.S. core middle-market companies, typically with $10–$50 million of EBITDA, through primarily first-lien, senior secured loans.

As of September 30th, 2025, PNNT had a $1.3 billion investment portfolio across 166 companies, with a weighted average credit spread of 5.66%, median loan-to-value of 39%, median net leverage of 4.5x, and 2.0x interest coverage, reflecting a conservatively structured book.

The portfolio is heavily skewed to senior secured credit, with roughly about half in first-lien debt and the remainder across subordinated debt, equity co-investments, and joint venture exposures, and only 0.1% of the portfolio at fair value on non-accrual. PNNT pays dividends on a monthly basis.

On November 24th, 2025, PennantPark Investment reported its fiscal Q4 results for the fiscal year ended September 30th, 2025. For the quarter, total investment income declined year over year to $28.0 million, reflecting a smaller portfolio and a lower weighted average yield on debt investments.

Net investment income was $9.8 million, or $0.15 per share, compared with $14.4 million, or $0.22 per share, in the prior year period, representing a 32% year-over-year decline in per-share earnings.

PennantPark reported a net decrease in net assets from operations of $1.0 million, or $(0.01) per share, compared with a net increase of $18.4 million, or $0.28 per share, in the prior year period, due to realized losses on investments.

Net asset value declined 6% year over year to $7.11 per share from $7.56, reflecting distributions and net realized losses, partially offset by unrealized appreciation.

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

Monthly Dividend Stock #2: CION Investment Corporation (CION)

CION Investment Corporation is an externally managed U.S. business development company focused on originating and holding senior secured loans to U.S. middle-market companies, with an emphasis on capital preservation and current income.

As of September 30th, 2025, CION had investments in 91 portfolio companies as of Q3 2025, with a diversified credit portfolio concentrated at the top of the capital structure.

By industry exposure, the largest allocations were to Business Services (16.6%), Retail (10.3%), Healthcare & Pharmaceuticals (10.1%), Oil & Gas (8.1%), and Diversified & Production (7.2%), with the remaining 47.7% spread across industries each representing less than 6.4% of the portfolio.

The investment mix remains conservative, with 80.0% in senior secured first-lien debt. CION generated $252.4 million in total investment income last year.

On November 6th, 2025, CION Investment Corporation posted its Q3 results. Total investment income increased 51% quarter over quarter to $78.7 million, driven by higher interest income from investment restructurings and elevated origination and amendment fee activity.

Net investment income rose sharply to $0.74 per share, representing a 131% increase from $0.32 per share in the prior quarter, reflecting stronger portfolio earnings and fee generation.

Net asset value increased 2.5% quarter over quarter to $14.86 per share, up from $14.50, as the company out-earned its distribution by $0.38 per share despite modest realized and unrealized losses. For FY 2025, we expect NII/share of $1.76.

The company also announced a transition to monthly base distributions beginning in 2026.

Click here to download our most recent Sure Analysis report on CION (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 November 19th, 2025, Ellington Credit reported its second fiscal quarter results for the period ending September 30, 2025. The company generated net income of $4.3 million, or $0.11 per share.

Ellington achieved adjusted net investment income of $8.5 million in the quarter, or $0.23 per share. At quarter end, Ellington had $20.1 million in cash and cash equivalents.

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.

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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