Many low-risk investors prefer monthly dividend stocks for their reliability and steady stream of income. Our list is composed of stocks that deliver the best of both these worlds — high payouts and a monthly distribution schedule that offers a reliable, steady income. Consider this list a jumping-off point as you do your due diligence before investing in monthly dividend stocks.
Our top picks for where to buy the best monthly dividend stocks
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The 4 best monthly dividend stocks of 2024
We selected these stocks based on their monthly dividend payout schedule and current and historical yields.
Logo
Stock and ticker
Stock description
YTD return
STAG Industrial (STAG)
STAG is a real estate investment trust (REIT) specializing in the ownership and management of single-tenant industrial properties.
Realty Income Corp. (O) is a real estate investment trust (REIT) that focuses on owning and leasing retail and commercial properties, often referred to as “The Monthly Dividend Company” for its consistent monthly dividend payments.
Frequently asked questions about monthly dividend stocks
This depends on the monthly dividend stocks you invest in. If a stock generates around $200 a year in income from dividends, you'll need 60 of those stocks to generate $12,000 a year which equals $1,000 a month.
These companies on our list of best monthly divided stock are based in the US:
Agree Reality Corp. (ADC)
Whitestone REIT (WSR)
Phillips Edison & Company Inc. (PECO)
Global Water Resources Inc (GWRS)
Bottom line
Though many don’t offer the explosive growth that aggressive investors look for when trading stocks, dividend stocks that pay monthly provide income investors with the peace of mind of a steady income stream. As you look to build out your portfolio of income-producing stocks, these seven best monthly dividend stocks are a great place to start. But always practice your own due diligence before making any investment decision.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio
Matt's expertise
Matt has written 208 Finder guides across topics including:
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