S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Monthly Dividend Stocks and ETFs

Below you will find a list of companies and ETFs that issue dividends on a monthly schedule. Some investors prefer monthly-dividend payers because of the consistent income these companies and funds offer. More about monthly dividend stocks.

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
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Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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CompanyTypeDividend YieldAnnual Payout3-Year Dividend GrowthPayout RatioEarnings Per ShareP/E RatioIndicator(s)
BND
Vanguard Total Bond Market Index Fund ETF Shares
ETF2.12%$1.82N/AN/AN/AN/ADividend Increase
Short Interest ↓
News Coverage
VCIT
Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares
ETF2.44%$2.29N/AN/AN/AN/ADividend Cut
Short Interest ↑
News Coverage
BNDX
Vanguard Total International Bond Index Fund ETF Shares
ETF1.01%$0.58N/AN/AN/AN/ADividend Cut
Short Interest ↑
VCSH
Vanguard Short-Term Corporate Bond Index Fund ETF Shares
ETF1.62%$1.32N/AN/AN/AN/ADividend Cut
Short Interest ↑
News Coverage
ITUB
Itaú Unibanco
Stock0.75%$0.03-13.83%5.56%0.547.11
BBD
Banco Bradesco
Stock0.83%$0.03-64.78%5.36%0.568.07Short Interest ↑
News Coverage
BBDO
Banco Bradesco
Stock0.96%$0.03-64.78%N/AN/A6.98Short Interest ↑
O
Realty Income
Stock4.39%$2.9510.41%186.71%1.5853.37Ex-Dividend
Analyst Report
MBB
iShares MBS ETF
ETF1.24%$1.33N/AN/AN/AN/A
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF
ETF1.85%$1.00N/AN/AN/AN/ADividend Increase
News Coverage
SHY
iShares 1-3 Year Treasury Bond ETF
ETF0.28%$0.24N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
PFF
iShares Preferred and Income Securities ETF
ETF4.41%$1.69N/AN/AN/AN/ADividend Cut
News Coverage
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
ETF3.94%$4.28N/AN/AN/AN/ADividend Cut
News Coverage
TLT
iShares 20 Year Treasury Bond ETF
ETF1.43%$2.21N/AN/AN/AN/ADividend Cut
News Coverage
High Trading Volume
IEF
iShares 7-10 Year Treasury Bond ETF
ETF0.80%$0.93N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
High Trading Volume
IUSB
iShares Core Total USD Bond Market ETF
ETF1.73%$0.92N/AN/AN/AN/ADividend Cut
Short Interest ↑
News Coverage
PBA
Pembina Pipeline
Stock6.92%$2.0318.79%100.00%2.03-122.24
VMBS
Vanguard Mortgage-Backed Securities Index Fund ETF Shares
ETF1.19%$0.63N/AN/AN/AN/ADividend Increase
Positive News
SJR
Shaw Communications
Stock3.29%$0.96-2.77%77.42%1.2418.94Short Interest ↑
News Coverage
VGSH
Vanguard Short-Term Treasury Index Fund ETF Shares
ETF0.98%$0.60N/AN/AN/AN/ADividend Announcement
News Coverage
High Trading Volume
SHV
iShares Short Treasury Bond ETF
ETF0.14%$0.16N/AN/AN/AN/AShort Interest ↑
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
ETF2.52%$1.50N/AN/AN/AN/ADividend Increase
Short Interest ↑
News Coverage
IEI
iShares 3-7 Year Treasury Bond ETF
ETF0.73%$0.94N/AN/AN/AN/ADividend Cut
News Coverage
High Trading Volume
VGIT
Vanguard Intermediate-Term Treasury Index Fund ETF Shares
ETF1.86%$1.25N/AN/AN/AN/ADividend Announcement
High Trading Volume
AGNC
AGNC Investment
Stock9.39%$1.44-27.78%58.30%2.475.76
STAG
STAG Industrial
Stock3.34%$1.452.49%237.70%0.6134.48
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
ETF2.33%$1.41N/AN/AN/AN/ADividend Increase
Short Interest ↓
News Coverage
High Trading Volume
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
ETF1.83%$1.14N/AN/AN/AN/A
LMBS
First Trust Low Duration Opportunities ETF
ETF2.06%$1.03N/AN/AN/AN/AShort Interest ↑
News Coverage
ISTB
iShares Core 1-5 Year USD Bond ETF
ETF1.72%$0.87N/AN/AN/AN/ADividend Increase
News Coverage
AVAL
Grupo Aval Acciones y Valores
Stock4.60%$0.25-18.04%30.12%0.836.96Analyst Downgrade
VCLT
Vanguard Long-Term Corporate Bond Index Fund ETF Shares
ETF3.00%$3.26N/AN/AN/AN/ADividend Cut
QYLD
Global X NASDAQ 100 Covered Call ETF
ETF12.76%$2.81N/AN/AN/AN/AHigh Trading Volume
FIXD
First Trust TCW Opportunistic Fixed Income ETF
ETF2.89%$1.55N/AN/AN/AN/APositive News
ADC
Agree Realty
Stock3.95%$2.7218.77%141.67%1.9239.12Analyst Report
News Coverage
Positive News
FALN
iShares Fallen Angels USD Bond ETF
ETF3.55%$1.05N/AN/AN/AN/ADividend Cut
News Coverage
Negative News
SLG
SL Green Realty
Stock5.20%$3.64-5.71%N/A-0.447.32Analyst Report
FTSM
First Trust Enhanced Short Maturity ETF
ETF0.42%$0.25N/AN/AN/AN/ADividend Announcement
Ex-Dividend
Positive News
DNP
DNP Select Income Fund
ETF7.34%$0.78N/AN/AN/AN/AShort Interest ↑
News Coverage
EPR
EPR Properties
Stock6.68%$3.00-62.87%173.41%1.73345.26
PSEC
Prospect Capital
Stock8.58%$0.72-20.59%96.00%0.753.24Analyst Upgrade
MAIN
Main Street Capital
Stock5.73%$2.52-19.18%96.55%2.619.48
VWOB
Vanguard Emerging Markets Government Bond Index Fund ETF Shares
ETF4.06%$3.14N/AN/AN/AN/ADividend Increase
Positive News
FTSL
First Trust Senior Loan Fund
ETF3.19%$1.52N/AN/AN/AN/AShort Interest ↓
Positive News
VGLT
Vanguard Long-Term Treasury Index Fund ETF Shares
ETF2.07%$1.92N/AN/AN/AN/ADividend Cut
Short Interest ↓
High Trading Volume
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
ETF1.72%$0.88N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
FMB
First Trust Managed Municipal ETF
ETF1.97%$1.12N/AN/AN/AN/ANews Coverage
HYLS
First Trust Tactical High Yield ETF
ETF5.58%$2.64N/AN/AN/AN/A
NUV
Nuveen Municipal Value Fund
ETF3.51%$0.36-8.03%N/AN/AN/ADividend Announcement
Short Interest ↓
News Coverage
High Trading Volume
BCAT
BlackRock Capital Allocation Trust
Stock6.75%$1.25N/AN/AN/AN/AHigh Trading Volume
PTY
PIMCO Corporate & Income Opportunity Fund
ETF8.61%$1.53N/AN/AN/AN/ADividend Cut
News Coverage
HNDL
Strategy Shares Nasdaq 7 Handl Index ETF
ETF6.54%$1.66N/AN/AN/AN/AShort Interest ↑
LTC
LTC Properties
Stock7.11%$2.28N/A153.02%1.4920.82Short Interest ↓
News Coverage
BRMK
Broadmark Realty Capital
Stock9.30%$0.84N/A89.36%0.9414.56Short Interest ↓
SUSB
iShares ESG 1-5 Year USD Corporate Bond ETF
ETF1.33%$0.34N/AN/AN/AN/ADividend Increase
Short Interest ↑
News Coverage
LAND
Gladstone Land
Stock1.88%$0.542.55%N/A-0.14-82.00Short Interest ↑
AWF
AllianceBernstein Global High Income Fund
ETF7.17%$0.852.22%N/AN/AN/ANews Coverage
CFO
VictoryShares US 500 Enhanced Volatility Wtd ETF
ETF1.00%$0.74N/AN/AN/AN/A
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
ETF2.56%$1.70N/AN/AN/AN/A
MYI
BlackRock MuniYield Quality Fund III
ETF4.27%$0.62-31.18%N/AN/AN/A
EFC
Ellington Financial
Stock10.54%$1.80-28.41%88.67%2.034.94High Trading Volume
PEY
Invesco High Yield Equity Dividend Achievers ETF
ETF4.30%$0.86N/AN/AN/AN/AShort Interest ↑
OXLC
Oxford Lane Capital
Stock10.07%$0.81-32.50%76.42%1.06N/AShort Interest ↑
News Coverage
VMO
Invesco Municipal Opportunity Trust
Stock4.78%$0.64-19.46%N/AN/AN/ADividend Cut
News Coverage
SUSC
iShares ESG USD Corporate Bond ETF
ETF2.17%$0.60N/AN/AN/AN/ADividend Increase
Short Interest ↓
News Coverage
ARR
ARMOUR Residential REIT
Stock12.24%$1.20-42.98%107.14%1.125.94Dividend Announcement
PDT
John Hancock Premium Dividend Fund
ETF6.77%$1.17-29.89%N/AN/AN/ADividend Announcement
News Coverage
GOOD
Gladstone Commercial
Stock6.67%$1.500.12%N/AN/A449.80Short Interest ↑
News Coverage
PHK
PIMCO High Income Fund
ETF9.52%$0.58-35.16%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
IIM
Invesco Value Municipal Income Trust
Stock4.66%$0.77-5.81%N/AN/AN/ADividend Announcement
News Coverage
VKQ
Invesco Municipal Trust
Stock4.65%$0.63-17.55%N/AN/AN/ADividend Cut
Short Interest ↑
News Coverage
VGM
Invesco Trust for Investment Grade Municipals
Stock4.80%$0.65-19.43%N/AN/AN/ADividend Cut
News Coverage
GIM
Templeton Global Income Fund
ETF6.74%$0.36-23.31%N/AN/AN/ADividend Cut
News Coverage
High Trading Volume
VTC
Vanguard Total Corporate Bond ETF ETF Shares
ETF2.33%$2.14N/AN/AN/AN/ADividend Cut
Short Interest ↓
News Coverage
ORC
Orchid Island Capital
Stock17.97%$0.78-52.98%82.11%0.95-54.25
IQI
Invesco Quality Municipal Income Trust
Stock4.73%$0.62-9.90%N/AN/AN/ADividend Announcement
News Coverage
Positive News
MYD
BlackRock MuniYield Fund
ETF4.62%$0.67-20.85%N/AN/AN/A
VCV
Invesco California Value Municipal Income Trust
Stock4.15%$0.57-16.12%N/AN/AN/ADividend Cut
News Coverage
MUC
BlackRock MuniHoldings California Quality Fund
ETF4.18%$0.66-18.63%N/AN/AN/A
MUA
BlackRock MuniAssets Fund
ETF3.71%$0.61-8.30%N/AN/AN/A
DX
Dynex Capital
Stock9.31%$1.56-23.23%80.83%1.933.55Analyst Upgrade
News Coverage
MVF
BlackRock MuniVest Fund
ETF4.27%$0.40-28.09%N/AN/AN/A
SBR
Sabine Royalty Trust
Stock10.81%$4.501.19%N/AN/A14.86Dividend Cut
Short Interest ↓
News Coverage
BNDW
Vanguard Total World Bond ETF
ETF1.35%$1.08N/AN/AN/AN/ADividend Cut
Negative News
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
ETF4.43%$0.67-9.68%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
MMU
Western Asset Managed Municipals Fund
ETF3.93%$0.51-28.57%N/AN/AN/ANegative News
MYN
BlackRock MuniYield New York Quality Fund
ETF4.36%$0.62-13.80%N/AN/AN/A
GAIN
Gladstone Investment
Stock5.47%$0.9012.52%97.83%0.924.91News Coverage
MFL
BlackRock MuniHoldings Investment Quality Fund
ETF4.03%$0.58-35.31%N/AN/AN/A
EVN
Eaton Vance Municipal Income Trust
Stock4.19%$0.57-15.69%N/AN/AN/ADividend Announcement
News Coverage
Positive News
DSU
BlackRock Debt Strategies Fund
ETF6.35%$0.731.90%N/AN/AN/AShort Interest ↑
News Coverage
MCA
BlackRock MuniYield California Quality Fund
ETF4.19%$0.65-20.97%N/AN/AN/APositive News
LEO
BNY Mellon Strategic Municipals
Stock4.93%$0.41-18.60%N/AN/AN/ADividend Announcement
PFLT
PennantPark Floating Rate Capital
Stock8.82%$1.14N/A101.79%1.127.26Dividend Announcement
ECC
Eagle Point Credit
Stock6.77%$1.02-40.00%56.35%1.812.27Positive News
KBWD
Invesco KBW High Dividend Yield Financial ETF
ETF7.78%$1.56N/AN/AN/AN/A
MQY
BlackRock MuniYield Quality Fund
ETF4.34%$0.69-19.35%N/AN/AN/A
PMO
Putnam Municipal Opportunities Trust
Stock4.57%$0.6418.65%N/AN/AN/AShort Interest ↑
News Coverage
Positive News
VRIG
Invesco Variable Rate Investment Grade ETF
ETF0.88%$0.22N/AN/AN/AN/A
MUJ
BlackRock MuniHoldings New Jersey Quality Fund
ETF4.91%$0.76-13.84%N/AN/AN/A
WSR
Whitestone REIT
Stock4.56%$0.43-47.37%41.35%1.0433.68Short Interest ↓
KTF
DWS Municipal Income Trust
Stock4.61%$0.54-33.84%N/AN/AN/A
ZTR
Virtus Total Return Fund
ETF10.27%$0.96N/AN/AN/AN/AShort Interest ↑
News Coverage
GNMA
iShares GNMA Bond ETF
ETF0.62%$0.31N/AN/AN/AN/ADividend Cut
News Coverage
MIY
BlackRock MuniYield Michigan Quality Fund
ETF4.47%$0.67-18.92%N/AN/AN/A
PPT
Putnam Premier Income Trust
Stock7.18%$0.3131.73%N/AN/AN/ANews Coverage
MHN
BlackRock MuniHoldings New York Quality Fund
ETF4.63%$0.65-14.02%N/AN/AN/A
SRET
Global X SuperDividend REIT ETF
ETF6.67%$0.61N/AN/AN/AN/ADividend Announcement
Short Interest ↓
News Coverage
PLW
Invesco 1-30 Laddered Treasury ETF
ETF1.18%$0.44N/AN/AN/AN/APositive News
RFI
Cohen & Steers Total Return Realty Fund
ETF6.34%$1.015.21%N/AN/AN/AHigh Trading Volume
MIN
MFS Intermediate Income Trust
Stock8.89%$0.32-12.79%N/AN/AN/ADividend Announcement
News Coverage
PBT
Permian Basin Royalty Trust
Stock3.02%$0.27-62.63%N/AN/A26.48
PMM
Putnam Managed Municipal Income Trust
Stock4.52%$0.38-3.69%N/AN/AN/A
DSM
BNY Mellon Strategic Municipal Bond Fund
ETF4.40%$0.36-27.71%N/AN/AN/ADividend Announcement
GWRS
Global Water Resources
Stock1.64%$0.295.45%181.25%0.16126.51Dividend Increase
GLAD
Gladstone Capital
Stock6.72%$0.78-5.36%98.73%0.794.57Analyst Upgrade
Positive News
MMT
MFS Multimarket Income Trust
Stock7.67%$0.50-7.97%N/AN/AN/ADividend Announcement
News Coverage
Positive News
MYJ
BlackRock MuniYield New Jersey Fund
ETF4.75%$0.75-18.67%N/AN/AN/A
OIA
Invesco Municipal Income Opportunities Trust
Stock4.77%$0.38-8.14%N/AN/AN/ADividend Announcement
News Coverage
SOR
Source Capital
Stock4.09%$1.83-22.48%N/AN/AN/ADividend Announcement
News Coverage
EMD
Western Asset Emerging Markets Debt Fund
ETF9.75%$1.26-2.89%N/AN/AN/A
BKT
BlackRock Income Trust
Stock7.11%$0.4129.81%N/AN/AN/A
FMHI
First Trust Municipal High Income ETF
ETF2.88%$1.62N/AN/AN/AN/A
VSDA
VictoryShares Dividend Accelerator ETF
ETF1.53%$0.69N/AN/AN/AN/A
NCA
Nuveen California Municipal Value Fund
ETF3.08%$0.31-21.65%N/AN/AN/ADividend Announcement
News Coverage
High Trading Volume
HRZN
Horizon Technology Finance
Stock7.37%$1.20N/A86.96%1.3811.55News Coverage
SKOR
FlexShares Credit-Scored US Corporate Bond Index Fund
ETF2.92%$1.56N/AN/AN/AN/ADividend Cut
News Coverage
MQT
BlackRock MuniYield Quality Fund II
ETF4.51%$0.65-19.17%N/AN/AN/AShort Interest ↑
MYC
Blackrock MuniYield California Fund
ETF3.45%$0.52-37.03%N/AN/AN/A
VPV
Invesco Pennsylvania Value Municipal Income Trust
Stock4.45%$0.60-5.93%N/AN/AN/ADividend Announcement
Short Interest ↓
News Coverage
Positive News
KBWY
Invesco KBW Premium Yield Equity REIT ETF
ETF6.27%$1.46N/AN/AN/AN/A
MVT
BlackRock MuniVest Fund II
ETF4.74%$0.70-23.99%N/AN/AN/AShort Interest ↑
News Coverage
RCS
PIMCO Strategic Income Fund
ETF8.79%$0.61-23.97%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
NPV
Nuveen Virginia Quality Municipal Income Fund
ETF3.43%$0.58-1.72%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
BKN
BlackRock Investment Quality Municipal Trust
Stock4.82%$0.82-18.62%N/AN/AN/A
NUO
Nuveen Ohio Quality Municipal Income Fund
ETF3.92%$0.62-20.94%N/AN/AN/ADividend Cut
News Coverage
MFM
MFS Municipal Income Trust
Stock4.37%$0.30-18.60%N/AN/AN/ADividend Announcement
News Coverage
Positive News
NXQ
Nuveen Select Tax-Free Income Portfolio 2
Stock3.32%$0.50-3.84%N/AN/AN/A
SJT
San Juan Basin Royalty Trust
Stock10.54%$0.60-81.04%N/AN/AN/AShort Interest ↑
News Coverage
NXP
Nuveen Select Tax-Free Income Portfolio
Stock3.44%$0.55-1.53%N/AN/AN/AShort Interest ↓
News Coverage
FEMB
First Trust Emerging Markets Local Currency Bond ETF
ETF6.25%$1.94N/AN/AN/AN/A
VTN
Invesco Trust for Investment Grade New York Municipals
Stock4.21%$0.56-20.21%N/AN/AN/ADividend Announcement
News Coverage
Positive News
BGRN
iShares Global Green Bond ETF
ETF0.00%$0.00N/AN/AN/AN/A
SCM
Stellus Capital Investment
Stock8.63%$1.12-19.84%95.73%1.176.30
SUNS
SLR Senior Investment
Stock8.03%$1.20-9.93%107.14%1.1213.11Dividend Announcement
News Coverage
Gap Up
CSB
VictoryShares US Small Cap High Div Volatility Wtd ETF
ETF3.24%$1.91N/AN/AN/AN/AShort Interest ↑
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
ETF1.70%$0.79N/AN/AN/AN/APositive News
VBF
Invesco Bond Fund
ETF7.18%$1.4348.82%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
DHF
BNY Mellon High Yield Strategies Fund
ETF8.39%$0.26-14.00%N/AN/AN/AShort Interest ↓
CDL
VictoryShares US Large Cap High Div Volatility Wtd ETF
ETF2.56%$1.49N/AN/AN/AN/A
LDSF
First Trust Low Duration Strategic Focus ETF
ETF2.40%$0.48N/AN/AN/AN/A
MPA
BlackRock MuniYield Pennsylvania Quality Fund
ETF4.00%$0.66-17.74%N/AN/AN/A
NXR
Nuveen Select Tax-Free Income Portfolio 3
Stock3.32%$0.55-3.14%N/AN/AN/A
HYB
The New America High Income Fund
ETF6.04%$0.55-15.15%N/AN/AN/ANews Coverage
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
ETF4.15%$0.91N/AN/AN/AN/APositive News
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
ETF2.38%$1.08N/AN/AN/AN/AShort Interest ↓
News Coverage
OXSQ
Oxford Square Capital
Stock10.17%$0.42-23.50%120.00%0.352.58
FT
Franklin Universal Trust
Stock5.68%$0.46N/AN/AN/AN/APositive News
PIM
Putnam Master Intermediate Income Trust
Stock6.70%$0.2612.82%N/AN/AN/AHigh Trading Volume
NAZ
Nuveen Arizona Quality Municipal Income Fund
ETF3.78%$0.60-15.06%N/AN/AN/ADividend Announcement
News Coverage
DMF
BNY Mellon Municipal Income
Stock4.66%$0.41-14.63%N/AN/AN/ADividend Announcement
High Trading Volume
MHF
Western Asset Municipal High Income Fund
ETF3.18%$0.26-7.97%N/AN/AN/AShort Interest ↓
Positive News
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
ETF1.57%$0.63N/AN/AN/AN/AShort Interest ↓
News Coverage
PFO
Flaherty & Crumrine Preferred Income Opportunity Fund
ETF6.54%$0.81-8.82%N/AN/AN/ANews Coverage
VMM
Delaware Investments Minnesota Municipal Income Fund II
ETF2.99%$0.41-24.55%N/AN/AN/AHigh Trading Volume
CXE
MFS High Income Municipal Trust
Stock4.84%$0.24-17.61%N/AN/AN/ADividend Announcement
News Coverage
Positive News
High Trading Volume
PAI
Western Asset Investment Grade Income Fund
ETF3.51%$0.56-12.03%N/AN/AN/ADividend Announcement
MNP
Western Asset Municipal Partners Fund
ETF3.68%$0.57-27.85%N/AN/AN/AShort Interest ↑
News Coverage
Positive News
High Trading Volume
NNY
Nuveen New York Municipal Value Fund
ETF2.97%$0.29-13.53%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
NMT
Nuveen Massachusetts Quality Municipal Income Fund
ETF3.64%$0.55-19.62%N/AN/AN/ADividend Announcement
News Coverage
KSM
DWS Strategic Municipal Income Trust
Stock4.56%$0.57-19.03%N/AN/AN/A
EARN
Ellington Residential Mortgage REIT
Stock11.42%$1.20-28.66%93.02%1.2932.84Short Interest ↑
MGF
MFS Government Markets Income Trust
Stock7.85%$0.33-8.28%N/AN/AN/ADividend Cut
News Coverage
High Trading Volume
SPE
Special Opportunities Fund
ETF7.74%$1.20-15.19%N/AN/AN/A
NIM
Nuveen Select Maturities Municipal Fund
ETF3.25%$0.3416.37%N/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
PCM
PCM Fund
ETF8.70%$0.96N/AN/AN/AN/ADividend Announcement
News Coverage
WBND
Western Asset Total Return ETF
ETF6.29%$1.67N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
DTF
DTF Tax-Free Income
Stock3.29%$0.47-31.05%N/AN/AN/AShort Interest ↑
FCAL
First Trust California Municipal High Income ETF
ETF2.05%$1.12N/AN/AN/AN/A
CIL
VictoryShares International Volatility Wtd ETF
ETF3.12%$1.35N/AN/AN/AN/AHigh Trading Volume
NMI
Nuveen Municipal Income Fund
ETF3.13%$0.38-17.47%N/AN/AN/ADividend Announcement
News Coverage
NXC
Nuveen California Select Tax-Free Income Portfolio
Stock3.20%$0.49-18.76%N/AN/AN/A
VLT
Invesco High Income Trust II
Stock8.27%$1.1612.42%N/AN/AN/ADividend Announcement
Short Interest ↓
News Coverage
Positive News
CEV
Eaton Vance California Municipal Income Trust
Stock4.22%$0.5712.36%N/AN/AN/A
CXH
MFS Investment Grade Municipal Trust
Stock4.69%$0.46-1.76%N/AN/AN/ADividend Announcement
News Coverage
Positive News
DDF
Delaware Investments Dividend and Income Fund
ETF7.13%$0.7769.58%N/AN/AN/AHigh Trading Volume
PCF
High Income Securities Fund
ETF11.18%$0.94175.01%N/AN/AN/ANews Coverage
PRT
PermRock Royalty Trust
Stock11.54%$0.75N/A115.38%0.6520.97
GROW
U.S. Global Investors
Stock1.89%$0.09N/AN/AN/AN/AUpcoming Earnings
IBTD
iShares iBonds Dec 2023 Term Treasury ETF
ETF0.27%$0.07N/AN/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
JMM
Nuveen Multi-Market Income Fund
ETF4.55%$0.34-24.83%N/AN/AN/ADividend Announcement
Short Interest ↓
News Coverage
VCF
Delaware Investments Colorado Municipal Income Fund
ETF3.90%$0.55-19.43%N/AN/AN/A
CSF
VictoryShares US Discovery Enhanced Volatility Wtd ETF
ETF1.29%$0.79N/AN/AN/AN/AHigh Trading Volume
GLDI
Credit Suisse X-Links Gold Shares Covered Call ETN
Stock0.00%$0.00N/AN/AN/AN/AHigh Trading Volume
PVL
Permianville Royalty Trust
Stock19.90%$0.40-35.55%N/AN/A9.14Short Interest ↑
News Coverage
Gap Up
VFL
Delaware Investments National Municipal Income Fund
ETF4.14%$0.58-6.72%N/AN/AN/A
CRT
Cross Timbers Royalty Trust
Stock8.80%$0.88-22.78%N/AN/A9.80
BSMM
Invesco BulletShares (R) 2022 Municipal Bond ETF
ETF0.39%$0.10N/AN/AN/AN/AHigh Trading Volume
CIF
MFS Intermediate High Income Fund
ETF7.85%$0.23-15.10%N/AN/AN/ADividend Cut
Short Interest ↓
News Coverage
USOI
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs
Stock0.00%$0.00N/AN/AN/AN/A
NXN
Nuveen New York Select Tax-Free Income Portfolio
Stock3.19%$0.43-13.63%N/AN/AN/ADividend Announcement
News Coverage
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
ETF0.47%$0.12N/AN/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
MFV
MFS Special Value Trust
Stock8.21%$0.55-12.26%N/AN/AN/ADividend Cut
Short Interest ↑
News Coverage
FTHI
First Trust BuyWrite Income ETF
ETF4.51%$0.96N/AN/AN/AN/A
BSMP
Invesco BulletShares (R) 2025 Municipal Bond ETF
ETF0.85%$0.22N/AN/AN/AN/AShort Interest ↑
News Coverage
SLVO
Credit Suisse X-Links Silver Shares Covered Call ETN
Stock0.00%$0.00N/AN/AN/AN/A
BSML
Invesco BulletShares (R) 2021 Municipal Bond ETF
ETF0.32%$0.08N/AN/AN/AN/A
CIZ
VictoryShares Developed Enhanced Volatility Wtd ETF
ETF3.14%$1.04N/AN/AN/AN/A
BSMO
Invesco BulletShares (R) 2024 Municipal Bond ETF
ETF0.66%$0.17N/AN/AN/AN/A
SNLN
Highland/iBoxx Senior Loan ETF
ETF2.58%$0.41N/AN/AN/AN/A
FCEF
First Trust CEF Income Opportunity ETF
ETF4.92%$1.20N/AN/AN/AN/AShort Interest ↑
News Coverage
BSMN
Invesco BulletShares (R) 2023 Municipal Bond ETF
ETF0.55%$0.14N/AN/AN/AN/A
ALTY
Global X SuperDividend Alternatives ETF
ETF6.80%$0.89N/AN/AN/AN/ADividend Announcement
News Coverage
NOM
Nuveen Missouri Quality Municipal Income Fund
ETF3.64%$0.53-27.62%N/AN/AN/ADividend Announcement
News Coverage
IBTH
iShares iBonds Dec 2027 Term Treasury ETF
ETF0.71%$0.18N/AN/AN/AN/ADividend Announcement
News Coverage
CSA
VictoryShares US Small Cap Volatility Wtd ETF
ETF1.29%$0.85N/AN/AN/AN/AShort Interest ↑
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
ETF1.24%$0.32N/AN/AN/AN/AHigh Trading Volume
WINC
Western Asset Short Duration Income ETF
ETF2.24%$0.58N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
MCEF
First Trust Municipal CEF Income Opportunity ETF
ETF3.66%$0.76N/AN/AN/AN/A
IBTI
iShares iBonds Dec 2028 Term Treasury ETF
ETF0.83%$0.21N/AN/AN/AN/ADividend Cut
News Coverage
CID
VictoryShares International High Div Volatility Wtd ETF
ETF4.97%$1.55N/AN/AN/AN/A
BSMS
Invesco BulletShares (R) 2028 Municipal Bond ETF
ETF1.52%$0.40N/AN/AN/AN/ADividend Increase
Positive News
BSMR
Invesco BulletShares (R) 2027 Municipal Bond ETF
ETF1.08%$0.28N/AN/AN/AN/A
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
ETF0.75%$0.19N/AN/AN/AN/ADividend Cut
News Coverage
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
ETF0.63%$0.16N/AN/AN/AN/ADividend Increase
News Coverage
Positive News
CEY
VictoryShares Emerging Market High Div Volatility Wtd ETF
ETF5.59%$1.29N/AN/AN/AN/A
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
ETF1.49%$0.39N/AN/AN/AN/A
EFAS
Global X MSCI SuperDividend EAFE ETF
ETF4.80%$0.72N/AN/AN/AN/ADividend Announcement
Short Interest ↑
News Coverage
Monthly Dividend Stocks

Investors who want income and reasonable growth are attracted to dividend stocks. Companies that issue dividends are not the high-flying growth stocks that aggressive investors love. However, because they are slow, steady performers the stock price of these companies is not as affected by volatile markets. For that reason, dividend stocks give shareholders a dividend as a reward for owning their stock.

5 Things to Consider About Investing in Monthly Dividend Stocks

Many companies pay dividends on a quarterly or annual basis. However, a select group of companies pays out monthly dividends. For income investors, the ability to have a predictable source of income provides peace of mind. Monthly dividend payments can help them supplement their retirement income without having to dip into the principal of their investments. Even investors who do not need regular income can benefit from re-investing the monthly dividends to buy additional shares.

Many fixed-income investors rely on regular income from their investments to help pay the bills. However, dividends that pay at quarterly intervals, and bonds that pay out semi-annually, may leave gaps and that can be a challenge when trying to pay monthly bills. These gaps can lead investors to dip into the principal of their retirement fund.

One way these investors can mitigate these gaps is by having a portion of their dividend investments in stocks that pay monthly dividends.

Many casual investors assume that cash flow in the stock market game is achieved by buying low and selling high from the among the most volatile stocks on Wall Street. This investing strategy may work for active traders with access to analytical software and a mastery of market algorithms, but it doesn’t bode well for the average investor. By contrast, dividend investors who build up a portfolio of shares in solid companies can quickly see the trickle of dividends from each security come together and form a mighty stream of free cash flow.

Like all investments, investors should do their due diligence before investing in a monthly dividend stock. A company’s dividend yield is important, but the yield is tied to a company’s stock price. Stock prices and yields move in opposite directions. Therefore, one company may report a higher yield than another company but pay less of a dividend. It is also important to look at a company's track record of paying the dividend and whether they are increasing or decreasing the payout. In other words, the decision to invest should not be made based solely on whether the company has a high dividend.

Dividends are payments that a company makes to its shareholders. These payments come out of a company’s profit. On a balance sheet, dividends are recorded as current liabilities.

An investor can receive the money directly into their bank account and use it to cover their monthly expenses. They can also reinvest their dividend payment to buy additional shares of the company’s stock and grow their investment portfolio. This ability to receive regular income is the primary reason dividend stocks are appealing to income-oriented investors.

Most stocks that pay dividends have a quarterly dividend payout—but some stocks do indeed pay monthly dividends. For dividend investors, these monthly dividend stocks offer a consistent source of monthly income.

The simple answer is because they can afford it. A dividend is paid out of a company’s profit before it makes it to the bottom line as retained earnings. A company can reward shareholders in two ways: Through stock price appreciation (i.e. capital growth) or by issuing a dividend. To pay a dividend, a company needs to be able to have the cash flow needed to support the dividend.

A young, fast-growing company will typically reinvest profit into their business because shareholders expect aggressive growth and are willing to assume the heightened risk that comes with that growth. Companies that are into the mature phase of their business cycle may not be able to deliver the same return for their shareholders by reinvesting their profit into the business. For this reason, they decide to take a portion of their profits and directly pay shareholders as a dividend. This does not mean they won’t undertake capital investments or take on debt. It just means that their primary objective is stability, not aggressive growth.

Dividend-paying companies are commonly in defensive sectors like utilities and health care. Companies that manufacture consumer staples also fall into this category. Defensive stocks tend to hold their value in any economy. For example, people get sick regardless if the economy is doing well or not, so pharmaceutical stocks tend to be impervious to recessions. In the same way, consumers still need to pay for electricity, water, and natural gas so these stocks fall into the defensive category.

Casual investors are often familiar with larger, blue-chip stocks that pay quarterly dividends. But they may be less familiar with other types of companies, such as a real estate investment fund (REIT), that generate cash flow so consistently they can pay their investors a monthly share of the profits. These REITs are just one of the many types of companies that have a consistent enough cash flow to provide a monthly payout to shareholders.

Two special kinds of dividend stocks that are more likely to issue monthly dividends are REITs and business development companies (BDCs).

Companies in these two sectors are required to pay out at least 90% of their taxable income as dividends. Because a high percentage of their revenue comes in the form of monthly rental income, they have a cash flow that allows them to pay their dividends monthly.

One of the most common metrics that investors use when comparing the dividend of one company to another is the dividend yield. The dividend yield is a ratio that expresses the company’s annual dividend compared to its share price as a percentage. The calculation for dividend yield is:

Annual dividend/Share price

To calculate dividend yield, let’s look at this example:

Company A announces a $1.75 per share annual dividend. The stock costs $45 per share.

Company B announces a $2 per share annual dividend. Their stock costs $50 per share.

To calculate the yield, you would simply divide the announced per share annual dividend by the share price.

For company A, that would be 1.75/40 = 0.043 (4.3%)

For company B, that would be 2/50 = 0.04 (4%)

Simply put, investing $10,000 in Company A would produce $752.50 of annual dividend income, or $62.70 of monthly dividend income if they pay monthly.

That same $10,000 in Company B would produce $800 in annual dividend income or around $66.66 of monthly dividend income.

Assuming all other fundamentals were the same, income-oriented investors would prefer to invest in Company B because of the slightly higher payout despite Company A has a higher yield.

This would hold as long as the two companies maintained their current dividend. If Company A in the next month, increases its dividend to $2 and its stock price stays the same, their monthly payout would rise to $71.66 which would make their stock more attractive.

There are a number of high dividend stocks (at least in terms of dividend yield) and they come from a variety of industries like finance, utilities, and real estate. However, not all issue dividends on a monthly basis.

A more useful measurement for investors when deciding which dividend stocks to buy is the dividend payout ratio. The dividend payout ratio, which is also known simply as the payout ratio, tells investors how much profit a company is returning to shareholders as a dividend. The formula for the dividend payout ratio is as follows:

Dividend Payout Ratio = Dividends Paid/Net Income

Many companies issue monthly dividends to maximize shareholder value. However, like any investment, investing in monthly dividend stocks contains risks. Many of these risks can be anticipated if an investor does their due diligence in examining a company's business.

Investors need to look at a company’s history of paying monthly dividends. But past dividend performance does not mean that a company can sustain its monthly dividend. To get a sense of this, investors should look at a company's financial statements including their balance sheet, income statement, cash flow statement and key performance and profitability ratios. These documents will provide information on how much cash a business is generating and how that cash is being deployed.

In addition to making sure that a company has a reliable history of paying dividends, investors need to be aware of any cuts in monthly dividends. Although a company may have many reasons for cutting its dividend, it may mean that the company's performance is slowing to a point where a monthly dividend may eventually become unsustainable. Sometimes, the company may simply need to change to a quarterly or annual dividend schedule. However, in the worst-case scenario, the company may decide to stop issuing a dividend altogether.

Should You Invest in Monthly Dividend Stocks?

The regularity with which these monthly dividend payers issue their dividends is appealing to dividend investors who want to quickly grow the value of their stock portfolio. By contrast, a dividend investing strategy that relies on a payout every four months will take longer to actualize in terms of portfolio growth.

A list of stocks that include securities with a frequent dividend payout may not always give dividend investors the highest dollar amount per share in terms of annual dividend, but the high-dividend yield of these companies are often a sizable percentage of the share price—more so than those high-dividend stocks issued by companies making a quarterly payout.

Companies that have a policy of issuing monthly dividends do need to have cash on hand to make a monthly payout, and businesses in these industries typically have the cash or cash flow to facilitate these dividend payments.

Many of the stocks on a list of stocks to buy for monthly dividends are actually not shares of a company, but dividend exchange-traded funds (ETFs). These ETFs are somewhat like mutual funds: They are a pooled investment vehicle comprised of multiple securities in one focused area (in this case, companies that pay monthly dividends). This allows each individual investor access to a greater degree of diversification. However, unlike a mutual fund, investors do not place cash into an ETF, but rather purchase shares.

Investors may still wish to browse the list of dividend-producing stocks that payout dividends on a monthly basis and assemble their own list of dividend stocks. An enterprising investor with a good understanding of the market and a penchant for fundamental analysis of a business may even be able to pick some companies that will see dividend increases over time, as the company grows larger. Keep in mind that when looking for monthly dividend payers, there will be a number of middle-market companies that may not be famous for their dividend distribution but are often above the average dividend payout in their industry.

However, it’s important to remember that as companies expand, they may allocate their profits toward growth and reinvestment instead of paying shareholders their dividend—which could result in a temporary dividend reduction or a temporary suspension of dividends. This would be a problem for an investor who relies on monthly income. On the other hand, it might be ideal for those looking for dividend growth stocks that will payout in the future.

Monthly Dividend Stocks

Monthly dividend stocks provide a service to income investors. This is particularly true for retired investors who need to preserve as much of their principal as possible. With life expectancies increasing, investors need to plan to have their retirement savings last longer than they may originally have expected.

Most income investments, such as bonds do not provide a regular source of income. Bonds will typically make semi-annual payments despite no longer being based on paper coupons as they did in the past. Many stocks pay dividends quarterly, but that is not always helpful to deal with recurring monthly medical expenses and other regular bills. This is where monthly dividend stocks can come in handy.

While investors should not commit the entire income side of their portfolio to monthly dividend stocks, having a reliable stable of these steady performers can help ensure a predictable source of income when bonds and other dividend stocks are not paying out.

Additionally, investors who own shares of dividend stocks that provide monthly dividends will appreciate the rapidity with which their portfolio generates cash though they will need to pay income tax on those dividends.

If you’re looking to become one of the dividend aristocrats whose income stream is augmented by dividend payers, look no further than this list. This list of dividend stocks to buy among the markets monthly dividend paying companies and ETFs will help you build a strong dividend portfolio and allow you to see which ones have the best current yields and prospects for growing your portfolio.



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