S&P 500   3,960.26 (-0.08%)
DOW   33,692.98 (-0.26%)
QQQ   284.26 (+0.14%)
AAPL   144.16 (+1.06%)
MSFT   246.84 (-0.23%)
META   116.79 (+1.27%)
GOOGL   93.49 (-0.23%)
AMZN   89.59 (-0.84%)
TSLA   181.22 (+4.49%)
NVDA   173.28 (+0.93%)
NIO   12.84 (-4.25%)
BABA   92.27 (-2.02%)
AMD   69.63 (-1.19%)
T   19.17 (+0.26%)
MU   55.52 (+0.58%)
CGC   2.93 (-5.18%)
F   13.21 (+0.69%)
GE   82.30 (-1.59%)
DIS   93.94 (+1.50%)
AMC   5.82 (-4.12%)
PYPL   74.15 (-0.09%)
PFE   51.81 (+0.06%)
NFLX   324.38 (+4.55%)
S&P 500   3,960.26 (-0.08%)
DOW   33,692.98 (-0.26%)
QQQ   284.26 (+0.14%)
AAPL   144.16 (+1.06%)
MSFT   246.84 (-0.23%)
META   116.79 (+1.27%)
GOOGL   93.49 (-0.23%)
AMZN   89.59 (-0.84%)
TSLA   181.22 (+4.49%)
NVDA   173.28 (+0.93%)
NIO   12.84 (-4.25%)
BABA   92.27 (-2.02%)
AMD   69.63 (-1.19%)
T   19.17 (+0.26%)
MU   55.52 (+0.58%)
CGC   2.93 (-5.18%)
F   13.21 (+0.69%)
GE   82.30 (-1.59%)
DIS   93.94 (+1.50%)
AMC   5.82 (-4.12%)
PYPL   74.15 (-0.09%)
PFE   51.81 (+0.06%)
NFLX   324.38 (+4.55%)
S&P 500   3,960.26 (-0.08%)
DOW   33,692.98 (-0.26%)
QQQ   284.26 (+0.14%)
AAPL   144.16 (+1.06%)
MSFT   246.84 (-0.23%)
META   116.79 (+1.27%)
GOOGL   93.49 (-0.23%)
AMZN   89.59 (-0.84%)
TSLA   181.22 (+4.49%)
NVDA   173.28 (+0.93%)
NIO   12.84 (-4.25%)
BABA   92.27 (-2.02%)
AMD   69.63 (-1.19%)
T   19.17 (+0.26%)
MU   55.52 (+0.58%)
CGC   2.93 (-5.18%)
F   13.21 (+0.69%)
GE   82.30 (-1.59%)
DIS   93.94 (+1.50%)
AMC   5.82 (-4.12%)
PYPL   74.15 (-0.09%)
PFE   51.81 (+0.06%)
NFLX   324.38 (+4.55%)
S&P 500   3,960.26 (-0.08%)
DOW   33,692.98 (-0.26%)
QQQ   284.26 (+0.14%)
AAPL   144.16 (+1.06%)
MSFT   246.84 (-0.23%)
META   116.79 (+1.27%)
GOOGL   93.49 (-0.23%)
AMZN   89.59 (-0.84%)
TSLA   181.22 (+4.49%)
NVDA   173.28 (+0.93%)
NIO   12.84 (-4.25%)
BABA   92.27 (-2.02%)
AMD   69.63 (-1.19%)
T   19.17 (+0.26%)
MU   55.52 (+0.58%)
CGC   2.93 (-5.18%)
F   13.21 (+0.69%)
GE   82.30 (-1.59%)
DIS   93.94 (+1.50%)
AMC   5.82 (-4.12%)
PYPL   74.15 (-0.09%)
PFE   51.81 (+0.06%)
NFLX   324.38 (+4.55%)

Best Monthly Dividend Stocks and ETFs

Below you will find a list of public companies and ETFs that issue dividends on a monthly schedule. Some investors prefer monthly dividend-paying stocks because of the consistent income these companies offer. Learn 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.
Available with a MarketBeat All Access Subscription
MarketRank™Upgrade to All Access to use the All Ranks Filter
Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
Available with a MarketBeat All Access Subscription
Media SentimentUpgrade to All Access to use the All Sentiments Filter
Analyst consensus is the average investment recommendation among Wall Street research analysts.
Available with a MarketBeat All Access Subscription
Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyCurrent PriceTypeDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthEx-Dividend DateIndicator(s)
Vanguard Total Bond Market Index Fund stock logo
BND
Vanguard Total Bond Market Index Fund
$73.32
-0.4%
ETF2.69%$1.97N/AN/AN/A
Itaú Unibanco Holding S.A. stock logo
ITUB
Itaú Unibanco
$4.63
-2.1%
Stock0.65%$0.034.29%N/AN/A
Vanguard Total International Bond Index Fund stock logo
BNDX
Vanguard Total International Bond Index Fund
$49.16
-0.2%
ETF4.31%$2.12N/AN/AN/A
Vanguard Short-Term Corporate Bond Index Fund stock logo
VCSH
Vanguard Short-Term Corporate Bond Index Fund
$75.53
+0.0%
ETF2.16%$1.63N/AN/AN/A
Realty Income Co. stock logo
O
Realty Income
$64.69
+1.0%
Stock4.61%$2.98224.06%2.54%N/AAnalyst Report
Analyst Revision
Vanguard Intermediate-Term Corporate Bond Index Fund stock logo
VCIT
Vanguard Intermediate-Term Corporate Bond Index Fund
$79.05
-0.2%
ETF3.66%$2.89N/AN/AN/A
iShares 1-3 Year Treasury Bond ETF stock logo
SHY
iShares 1-3 Year Treasury Bond ETF
$81.38
+0.0%
ETF0.96%$0.78N/AN/AN/A
Banco Bradesco S.A. stock logo
BBD
Banco Bradesco
$2.74
-0.7%
Stock1.09%$0.036.00%N/AN/AAnalyst Downgrade
News Coverage
iShares 20+ Year Treasury Bond ETF stock logo
TLT
iShares 20+ Year Treasury Bond ETF
$107.19
-1.8%
ETF2.33%$2.50N/AN/AN/AOptions Volume
News Coverage
Banco Bradesco S.A. stock logo
BBDO
Banco Bradesco
$2.51
-2.7%
Stock1.20%$0.03N/AN/AN/AGap Down
iShares Short Treasury Bond ETF stock logo
SHV
iShares Short Treasury Bond ETF
$109.97
+0.0%
ETF0.84%$0.92N/AN/AN/APositive News
iShares MBS ETF stock logo
MBB
iShares MBS ETF
$94.41
-0.3%
ETF1.77%$1.67N/AN/AN/A
iShares 7-10 Year Treasury Bond ETF stock logo
IEF
iShares 7-10 Year Treasury Bond ETF
$98.11
-0.5%
ETF1.72%$1.69N/AN/AN/A
iShares 1-5 Year Investment Grade Corporate Bond ETF stock logo
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF
$50.03
+0.0%
ETF2.06%$1.03N/AN/AN/A
iShares Core Total USD Bond Market ETF stock logo
IUSB
iShares Core Total USD Bond Market ETF
$45.80
-0.3%
ETF2.25%$1.03N/AN/AN/A
Pembina Pipeline Co. stock logo
PBA
Pembina Pipeline
$33.72
-1.9%
Stock5.69%$1.9287.67%5.20%12/14/2022Dividend Increase
Analyst Downgrade
Positive News
Vanguard Short-Term Treasury Index Fund stock logo
VGSH
Vanguard Short-Term Treasury Index Fund
$57.95
ETF1.29%$0.75N/AN/AN/A
iShares J.P. Morgan USD Emerging Markets Bond ETF stock logo
EMB
iShares J.P. Morgan USD Emerging Markets Bond ETF
$86.53
-0.2%
ETF4.98%$4.31N/AN/AN/A
iShares Preferred and Income Securities ETF stock logo
PFF
iShares Preferred and Income Securities ETF
$31.45
-0.4%
ETF5.34%$1.68N/AN/AN/APositive News
Vanguard Mortgage-Backed Securities Index Fund stock logo
VMBS
Vanguard Mortgage-Backed Securities Index Fund
$46.31
-0.3%
ETF2.16%$1.00N/AN/AN/A
Shaw Communications Inc. stock logo
SJR
Shaw Communications
$26.94
-0.4%
Stock3.23%$0.8778.38%1.47%12/14/2022
iShares 3-7 Year Treasury Bond ETF stock logo
IEI
iShares 3-7 Year Treasury Bond ETF
$116.10
-0.2%
ETF1.17%$1.36N/AN/AN/AOptions Volume
News Coverage
Vanguard Intermediate-Term Treasury Index Fund stock logo
VGIT
Vanguard Intermediate-Term Treasury Index Fund
$59.27
-0.2%
ETF2.24%$1.33N/AN/AN/A
iShares 5-10 Year Investment Grade Corporate Bond ETF stock logo
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
$50.44
-0.2%
ETF3.15%$1.59N/AN/AN/A
WisdomTree U.S. Quality Dividend Growth Fund stock logo
DGRW
WisdomTree U.S. Quality Dividend Growth Fund
$62.17
-0.5%
ETF2.04%$1.27N/AN/AN/A
First Trust Enhanced Short Maturity ETF stock logo
FTSM
First Trust Enhanced Short Maturity ETF
$59.45
+0.0%
ETF1.33%$0.79N/AN/AN/A
iShares Broad USD Investment Grade Corporate Bond ETF stock logo
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
$50.39
-0.3%
ETF2.96%$1.49N/AN/AN/A
Global X NASDAQ 100 Covered Call ETF stock logo
QYLD
Global X NASDAQ 100 Covered Call ETF
$16.48
+0.2%
ETF15.35%$2.53N/AN/AN/A
Agree Realty Co. stock logo
ADC
Agree Realty
$72.07
-0.2%
Stock4.00%$2.88177.78%6.51%N/AAnalyst Report
STAG Industrial, Inc. stock logo
STAG
STAG Industrial
$33.22
+0.4%
Stock4.39%$1.46217.91%10.83%12/29/2022
AGNC Investment Corp. stock logo
AGNC
AGNC Investment
$9.99
+0.7%
Stock14.41%$1.4462.34%-12.64%N/A
iShares Core 1-5 Year USD Bond ETF stock logo
ISTB
iShares Core 1-5 Year USD Bond ETF
$46.69
0.0%
ETF1.91%$0.89N/AN/AN/A
First Trust Low Duration Opportunities ETF stock logo
LMBS
First Trust Low Duration Opportunities ETF
$47.59
-0.1%
ETF2.10%$1.00N/AN/AN/A
Vanguard Long-Term Corporate Bond Index Fund stock logo
VCLT
Vanguard Long-Term Corporate Bond Index Fund
$80.37
-1.0%
ETF4.16%$3.34N/AN/AN/A
Apple Hospitality REIT, Inc. stock logo
APLE
Apple Hospitality REIT
$16.88
-0.4%
Stock5.69%$0.96111.63%-67.82%N/AAnalyst Revision
News Coverage
Positive News
DNP Select Income Fund Inc. stock logo
DNP
DNP Select Income Fund
$11.23
+0.5%
ETF6.95%$0.78N/AN/A12/29/2022Positive News
Vanguard Long-Term Treasury Index Fund stock logo
VGLT
Vanguard Long-Term Treasury Index Fund
$65.71
-1.5%
ETF2.62%$1.72N/AN/AN/A
First Trust TCW Opportunistic Fixed Income ETF stock logo
FIXD
First Trust TCW Opportunistic Fixed Income ETF
$44.66
-0.5%
ETF2.82%$1.26N/AN/AN/A
EPR Properties stock logo
EPR
EPR Properties
$40.89
+0.3%
Stock8.07%$3.30135.25%-29.71%N/A
iShares 0-5 Year Investment Grade Corporate Bond ETF stock logo
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
$48.05
+0.1%
ETF1.94%$0.93N/AN/AN/A
First Trust Senior Loan Fund stock logo
FTSL
First Trust Senior Loan Fund
$44.84
0.0%
ETF4.46%$2.00N/AN/AN/A
Prospect Capital Co. stock logo
PSEC
Prospect Capital
$7.19
Stock10.01%$0.7277.42%7.72%12/27/2022Options Volume
News Coverage
Main Street Capital Co. stock logo
MAIN
Main Street Capital
$36.75
+0.1%
Stock7.18%$2.6472.53%-3.07%1/5/2023
Vanguard Emerging Markets Government Bond Index Fund stock logo
VWOB
Vanguard Emerging Markets Government Bond Index Fund
$62.37
-0.2%
ETF5.15%$3.21N/AN/AN/A
SL Green Realty Corp. stock logo
SLG
SL Green Realty
$35.67
+1.9%
Stock10.46%$3.73N/A21.63%12/29/2022Dividend Cut
Analyst Downgrade
Analyst Revision
VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock logo
CDC
VictoryShares US EQ Income Enhanced Volatility Wtd ETF
$63.11
-0.3%
ETF3.28%$2.07N/AN/AN/APositive News
First Trust Managed Municipal ETF stock logo
FMB
First Trust Managed Municipal ETF
$50.68
ETF2.39%$1.21N/AN/AN/A
Nuveen Municipal Value Fund, Inc. stock logo
NUV
Nuveen Municipal Value Fund
$8.69
-0.1%
ETF3.91%$0.34N/A-1.64%12/14/2022Positive News
iShares Fallen Angels USD Bond ETF stock logo
FALN
iShares Fallen Angels USD Bond ETF
$24.87
0.0%
ETF4.83%$1.20N/AN/AN/A
BlackRock Capital Allocation Trust stock logo
BCAT
BlackRock Capital Allocation Trust
$14.50
+0.1%
Stock8.62%$1.25N/AN/A12/15/2022Dividend Announcement
News Coverage
Positive News
First Trust Tactical High Yield ETF stock logo
HYLS
First Trust Tactical High Yield ETF
$39.86
+0.5%
ETF7.23%$2.88N/AN/AN/A
LTC Properties, Inc. stock logo
LTC
LTC Properties
$38.62
-0.8%
Stock5.90%$2.28126.67%N/A12/21/2022Insider Selling
Analyst Revision
News Coverage
PIMCO Corporate & Income Opportunity Fund stock logo
PTY
PIMCO Corporate & Income Opportunity Fund
$13.07
-0.8%
ETF10.94%$1.43N/AN/A12/9/2022Dividend Increase
Invesco High Yield Equity Dividend Achievers ETF stock logo
PEY
Invesco High Yield Equity Dividend Achievers ETF
$20.98
-0.3%
ETF3.96%$0.83N/AN/AN/A
Strategy Shares Nasdaq 7 Handl Index ETF stock logo
HNDL
Strategy Shares Nasdaq 7 Handl Index ETF
$20.38
-0.1%
ETF8.24%$1.68N/AN/AN/A
Sabine Royalty Trust stock logo
SBR
Sabine Royalty Trust
$81.24
+1.2%
Stock8.60%$6.99N/A-1.33%12/14/2022Dividend Increase
Positive News
iShares iBonds Dec 2023 Term Treasury ETF stock logo
IBTD
iShares iBonds Dec 2023 Term Treasury ETF
$24.73
+0.1%
ETF1.13%$0.28N/AN/AN/A
Permian Basin Royalty Trust stock logo
PBT
Permian Basin Royalty Trust
$21.44
-1.3%
Stock4.52%$0.97N/A-29.65%N/A
iShares ESG 1-5 Year USD Corporate Bond ETF stock logo
SUSB
iShares ESG 1-5 Year USD Corporate Bond ETF
$23.87
ETF1.72%$0.41N/AN/AN/A
iShares ESG USD Corporate Bond ETF stock logo
SUSC
iShares ESG USD Corporate Bond ETF
$22.94
-0.3%
ETF3.01%$0.69N/AN/AN/A
VictoryShares US 500 Enhanced Volatility Wtd ETF stock logo
CFO
VictoryShares US 500 Enhanced Volatility Wtd ETF
$65.89
-2.3%
ETF1.50%$0.99N/AN/AN/AGap Down
AllianceBernstein Global High Income Fund stock logo
AWF
AllianceBernstein Global High Income Fund
$9.86
-1.2%
ETF8.01%$0.79N/A-2.14%12/15/2022Dividend Increase
Positive News
Ellington Financial Inc. stock logo
EFC
Ellington Financial
$13.57
Stock13.26%$1.8098.36%N/A12/29/2022Dividend Announcement
News Coverage
SLR Investment Corp. stock logo
SLRC
SLR Investment
$14.87
+0.3%
Stock11.03%$1.6497.62%10.06%12/21/2022Dividend Announcement
Insider Buying
Positive News
Oxford Lane Capital Corp. stock logo
OXLC
Oxford Lane Capital
$5.07
Stock17.75%$0.9098.90%-19.90%12/15/2022
ARMOUR Residential REIT, Inc. stock logo
ARR
ARMOUR Residential REIT
$6.00
+1.7%
Stock20.00%$1.20107.14%-19.26%12/14/2022
Gladstone Commercial Co. stock logo
GOOD
Gladstone Commercial
$19.17
+0.6%
Stock7.82%$1.50N/A0.05%12/19/2022Positive News
iShares iBonds Dec 2024 Term Treasury ETF stock logo
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
$23.91
+0.0%
ETF1.51%$0.36N/AN/AN/A
Gladstone Land Co. stock logo
LAND
Gladstone Land
$19.16
+0.2%
Stock2.87%$0.55N/A0.55%12/19/2022
John Hancock Premium Dividend Fund stock logo
PDT
John Hancock Premium Dividend Fund
$13.37
-2.1%
ETF8.75%$1.17N/A-2.86%12/9/2022Dividend Announcement
PIMCO High Income Fund stock logo
PHK
PIMCO High Income Fund
$4.80
-1.8%
ETF12.08%$0.58N/A-15.90%12/9/2022Dividend Announcement
Invesco Municipal Opportunity Trust stock logo
VMO
Invesco Municipal Opportunity Trust
$9.59
-0.8%
Stock6.05%$0.58N/A-1.24%12/14/2022Dividend Announcement
Positive News
Dynex Capital, Inc. stock logo
DX
Dynex Capital
$13.16
+0.5%
Stock11.85%$1.56132.20%-10.31%N/APositive News
Invesco Value Municipal Income Trust stock logo
IIM
Invesco Value Municipal Income Trust
$12.51
-0.6%
Stock5.76%$0.72N/A1.54%12/14/2022Dividend Announcement
Positive News
Vanguard Total Corporate Bond ETF stock logo
VTC
Vanguard Total Corporate Bond ETF
$76.31
-0.4%
ETF3.00%$2.29N/AN/AN/A
Invesco Variable Rate Investment Grade ETF stock logo
VRIG
Invesco Variable Rate Investment Grade ETF
$24.68
+0.1%
ETF1.94%$0.48N/AN/AN/A
Vanguard Total World Bond ETF stock logo
BNDW
Vanguard Total World Bond ETF
$68.94
-0.3%
ETF3.15%$2.17N/AN/AN/A
Invesco Trust for Investment Grade Municipals stock logo
VGM
Invesco Trust for Investment Grade Municipals
$9.93
-0.5%
Stock5.84%$0.58N/A-1.79%12/14/2022Dividend Announcement
Positive News
Invesco Municipal Trust stock logo
VKQ
Invesco Municipal Trust
$9.60
-1.1%
Stock5.94%$0.57N/A-1.72%12/14/2022Dividend Announcement
Positive News
San Juan Basin Royalty Trust stock logo
SJT
San Juan Basin Royalty Trust
$11.07
-0.5%
Stock18.61%$2.06N/A26.01%N/A
Broadmark Realty Capital Inc. stock logo
BRMK
Broadmark Realty Capital
$3.87
+1.3%
Stock10.85%$0.4272.41%N/AN/A
Invesco Quality Municipal Income Trust stock logo
IQI
Invesco Quality Municipal Income Trust
$9.68
-1.1%
Stock5.79%$0.56N/A-3.10%12/14/2022Dividend Announcement
Positive News
Invesco 1-30 Laddered Treasury ETF stock logo
PLW
Invesco 1-30 Laddered Treasury ETF
$29.81
-0.9%
ETF1.81%$0.54N/AN/AN/A
Whitestone REIT stock logo
WSR
Whitestone REIT
$9.74
+1.0%
Stock4.93%$0.4865.75%-27.75%N/A
Invesco California Value Municipal Income Trust stock logo
VCV
Invesco California Value Municipal Income Trust
$9.94
-0.2%
Stock5.33%$0.53N/A-2.67%12/14/2022Dividend Announcement
Positive News
Eagle Point Credit Company Inc. stock logo
ECC
Eagle Point Credit
$11.15
-1.4%
Stock14.35%$1.60101.91%-9.82%12/9/2022Positive News
Gladstone Investment Co. stock logo
GAIN
Gladstone Investment
$13.59
+1.0%
Stock7.06%$0.9687.27%3.97%12/19/2022
BlackRock MuniHoldings California Quality Fund, Inc. stock logo
MUC
BlackRock MuniHoldings California Quality Fund
$10.88
-0.7%
ETF5.88%$0.64N/A2.88%12/15/2022Dividend Cut
News Coverage
Western Asset Managed Municipals Fund Inc. stock logo
MMU
Western Asset Managed Municipals Fund
$10.13
-0.8%
ETF4.64%$0.47N/A-11.19%12/21/2022
Templeton Global Income Fund stock logo
GIM
Templeton Global Income Fund
$4.24
+0.5%
ETF9.43%$0.40N/A2.17%12/16/2022Dividend Increase
Insider Buying
News Coverage
Positive News
Nuveen Pennsylvania Quality Municipal Income Fund stock logo
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
$11.63
+0.2%
ETF4.82%$0.56N/A3.45%12/14/2022Dividend Announcement
BlackRock MuniAssets Fund, Inc. stock logo
MUA
BlackRock MuniAssets Fund
$10.52
ETF5.23%$0.55N/A-1.20%12/15/2022Dividend Increase
News Coverage
Positive News
BlackRock MuniYield New York Quality Fund, Inc. stock logo
MYN
BlackRock MuniYield New York Quality Fund
$9.93
-0.9%
ETF5.44%$0.54N/A4.57%12/15/2022Dividend Announcement
News Coverage
BNY Mellon Strategic Municipals, Inc. stock logo
LEO
BNY Mellon Strategic Municipals
$6.24
-0.2%
Stock5.61%$0.35N/AN/A12/13/2022
PPT
Putnam Premier Income Trust
$3.64
-0.3%
Stock8.52%$0.31N/A-1.85%12/22/2022News Coverage
Positive News
Putnam Municipal Opportunities Trust stock logo
PMO
Putnam Municipal Opportunities Trust
$10.64
-2.0%
Stock6.02%$0.64N/A5.11%1/23/2023Positive News
MUJ
BlackRock MuniHoldings New Jersey Quality Fund
$12.00
-2.4%
ETF6.08%$0.73N/A4.00%12/15/2022Dividend Cut
Negative News
Invesco KBW High Dividend Yield Financial ETF stock logo
KBWD
Invesco KBW High Dividend Yield Financial ETF
$15.92
+0.1%
ETF10.49%$1.67N/AN/AN/A
Orchid Island Capital, Inc. stock logo
ORC
Orchid Island Capital
$10.68
+1.1%
Stock17.98%$1.92132.41%-10.00%N/A
CSB
VictoryShares US Small Cap High Div Volatility Wtd ETF
$53.48
+0.5%
ETF3.38%$1.81N/AN/AN/A
Gladstone Capital Co. stock logo
GLAD
Gladstone Capital
$9.95
+0.8%
Stock8.44%$0.8485.71%-2.44%12/19/2022
Horizon Technology Finance Co. stock logo
HRZN
Horizon Technology Finance
$12.96
-0.8%
Stock9.26%$1.2074.53%1.37%12/16/2022Positive News
MIY
BlackRock MuniYield Michigan Quality Fund
$11.48
-0.4%
ETF5.66%$0.65N/A0.91%12/15/2022Dividend Cut
Negative News
CDL
VictoryShares US Large Cap High Div Volatility Wtd ETF
$59.78
-0.3%
ETF3.14%$1.88N/AN/AN/A
iShares GNMA Bond ETF stock logo
GNMA
iShares GNMA Bond ETF
$44.43
-0.5%
ETF1.58%$0.70N/AN/AN/AHigh Trading Volume
Cohen & Steers Total Return Realty Fund, Inc. stock logo
RFI
Cohen & Steers Total Return Realty Fund
$12.78
+0.5%
ETF9.15%$1.17N/AN/A12/13/2022
Global Water Resources, Inc. stock logo
GWRS
Global Water Resources
$13.97
-0.9%
Stock2.08%$0.29116.00%1.00%12/14/2022
MIN
MFS Intermediate Income Trust
$2.85
-0.7%
Stock9.82%$0.28N/A-3.30%12/13/2022Positive News
Virtus Total Return Fund Inc. stock logo
ZTR
Virtus Total Return Fund
$6.77
-1.7%
ETF14.18%$0.96N/AN/A12/9/2022
OIA
Invesco Municipal Income Opportunities Trust
$6.79
+0.3%
Stock5.30%$0.36N/A-2.66%12/14/2022Dividend Announcement
Positive News
MHN
BlackRock MuniHoldings New York Quality Fund
$10.22
-1.2%
ETF5.68%$0.58N/A4.67%12/15/2022Dividend Increase
Positive News
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund stock logo
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
$43.59
+0.1%
ETF8.28%$3.61N/AN/AN/APositive News
Source Capital, Inc. stock logo
SOR
Source Capital
$37.69
+0.2%
Stock5.89%$2.22N/A5.81%12/15/2022
PMM
Putnam Managed Municipal Income Trust
$6.32
-0.6%
Stock6.01%$0.38N/A1.74%N/APositive News
Global X SuperDividend REIT ETF stock logo
SRET
Global X SuperDividend REIT ETF
$7.49
+0.7%
ETF8.01%$0.60N/AN/AN/ADividend Announcement
Stock Split
Positive News
FMHI
First Trust Municipal High Income ETF
$47.04
+0.2%
ETF3.47%$1.63N/AN/AN/A
BGRN
iShares USD Green Bond ETF
$46.92
-0.1%
ETF2.94%$1.38N/AN/AN/A
DSM
BNY Mellon Strategic Municipal Bond Fund
$5.82
-0.3%
ETF6.01%$0.35N/AN/A12/13/2022
NCA
Nuveen California Municipal Value Fund
$8.51
+0.1%
ETF3.64%$0.31N/A-3.91%12/14/2022Dividend Announcement
Positive News
MFS Multimarket Income Trust stock logo
MMT
MFS Multimarket Income Trust
$4.55
Stock9.45%$0.43N/A-0.17%12/13/2022Positive News
BlackRock Income Trust, Inc. stock logo
BKT
BlackRock Income Trust
$12.69
Stock9.06%$1.15N/A4.15%12/14/2022Dividend Announcement
Positive News
Stellus Capital Investment Co. stock logo
SCM
Stellus Capital Investment
$13.39
+2.2%
Stock8.36%$1.1269.57%-5.71%12/15/2022News Coverage
Western Asset Emerging Markets Debt Fund Inc. stock logo
EMD
Western Asset Emerging Markets Debt Fund
$9.01
-0.3%
ETF13.98%$1.26N/A-3.45%12/21/2022
KBWY
Invesco KBW Premium Yield Equity REIT ETF
$20.64
+0.0%
ETF6.93%$1.43N/AN/AN/A
SKOR
FlexShares Credit-Scored US Corporate Bond Index Fund
$46.92
-0.1%
ETF3.22%$1.51N/AN/AN/A
PIMCO Strategic Income Fund, Inc. stock logo
RCS
PIMCO Strategic Income Fund
$5.43
-1.1%
ETF11.23%$0.61N/A-10.86%12/9/2022Dividend Announcement
VPV
Invesco Pennsylvania Value Municipal Income Trust
$10.06
-0.7%
Stock5.47%$0.55N/A-4.56%12/14/2022Dividend Announcement
Positive News
NUO
Nuveen Ohio Quality Municipal Income Fund
$12.95
+0.4%
ETF4.09%$0.53N/A0.63%12/14/2022Dividend Increase
Positive News
MQT
BlackRock MuniYield Quality Fund II
$10.39
-0.3%
ETF6.06%$0.63N/A1.71%12/15/2022Dividend Cut
Negative News
MFS Municipal Income Trust stock logo
MFM
MFS Municipal Income Trust
$5.29
-0.4%
Stock4.91%$0.26N/A-6.05%12/13/2022Dividend Increase
Positive News
DGRS
WisdomTree U.S. SmallCap Quality Dividend Growth Fund
$41.90
+0.3%
ETF2.84%$1.19N/AN/AN/A
Nuveen Virginia Quality Municipal Income Fund stock logo
NPV
Nuveen Virginia Quality Municipal Income Fund
$11.80
-0.4%
ETF4.83%$0.57N/A2.40%12/14/2022Dividend Announcement
BKN
BlackRock Investment Quality Municipal Trust
$12.25
-0.7%
Stock6.45%$0.79N/A5.53%12/15/2022Dividend Cut
Negative News
VSDA
VictoryShares Dividend Accelerator ETF
$45.97
+0.8%
ETF1.74%$0.80N/AN/AN/A
VTN
Invesco Trust for Investment Grade New York Municipals
$10.34
-1.0%
Stock5.03%$0.52N/A-6.32%12/14/2022Dividend Announcement
LDSF
First Trust Low Duration Strategic Focus ETF
$18.59
+0.1%
ETF2.42%$0.45N/AN/AN/A
Invesco Bond Fund stock logo
VBF
Invesco Bond Fund
$15.85
-0.7%
ETF4.23%$0.67N/A0.81%12/14/2022Positive News
Putnam Master Intermediate Income Trust stock logo
PIM
Putnam Master Intermediate Income Trust
$3.30
-0.3%
Stock7.88%$0.26N/A-3.52%1/23/2023Positive News
WisdomTree Interest Rate Hedged High Yield Bond Fund stock logo
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fund
$20.95
+0.5%
ETF4.87%$1.02N/AN/AN/A
DHF
BNY Mellon High Yield Strategies Fund
$2.27
-1.3%
ETF9.69%$0.22N/A-3.68%N/A
The New America High Income Fund Inc. stock logo
HYB
The New America High Income Fund
$6.91
-1.0%
ETF7.96%$0.55N/A-0.51%N/A
NNY
Nuveen New York Municipal Value Fund
$8.39
+0.7%
ETF3.46%$0.29N/A4.36%12/14/2022Dividend Announcement
Positive News
Oxford Square Capital Corp. stock logo
OXSQ
Oxford Square Capital
$3.16
+1.0%
Stock13.29%$0.4287.50%-19.33%12/15/2022Gap Up
MPA
BlackRock MuniYield Pennsylvania Quality Fund
$11.08
+0.1%
ETF5.78%$0.64N/A-0.85%12/15/2022Dividend Cut
Negative News
Western Asset Municipal High Income Fund Inc. stock logo
MHF
Western Asset Municipal High Income Fund
$6.51
-0.9%
ETF3.69%$0.24N/A-5.82%1/23/2023
IBTH
iShares iBonds Dec 2027 Term Treasury ETF
$22.52
-0.4%
ETF1.51%$0.34N/AN/AN/APositive News
High Trading Volume
Special Opportunities Fund, Inc. stock logo
SPE
Special Opportunities Fund
$12.04
-0.5%
ETF15.86%$1.91N/A46.93%12/19/2022
NAZ
Nuveen Arizona Quality Municipal Income Fund
$11.87
+0.2%
ETF4.80%$0.57N/A3.80%12/14/2022Dividend Announcement
Positive News
DMF
BNY Mellon Municipal Income
$6.58
+1.5%
Stock4.86%$0.32N/AN/A12/13/2022News Coverage
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
$39.20
+0.5%
ETF1.81%$0.71N/AN/AN/A
FEMB
First Trust Emerging Markets Local Currency Bond ETF
$26.15
-0.5%
ETF6.39%$1.67N/AN/AN/A
IBTG
iShares iBonds Dec 2026 Term Treasury ETF
$22.89
-0.1%
ETF1.70%$0.39N/AN/AN/A
First Trust California Municipal High Income ETF stock logo
FCAL
First Trust California Municipal High Income ETF
$48.97
+0.1%
ETF2.31%$1.13N/AN/AN/A
PFO
Flaherty & Crumrine Preferred Income Opportunity Fund
$9.19
+0.4%
ETF8.27%$0.76N/A-1.20%N/A
MNP
Western Asset Municipal Partners Fund
$11.90
-0.7%
ETF5.88%$0.70N/AN/A1/23/2023
BSMO
Invesco BulletShares (R) 2024 Municipal Bond ETF
$24.88
+0.1%
ETF0.88%$0.22N/AN/AN/A
PAI
Western Asset Investment Grade Income Fund
$11.97
-0.6%
ETF4.68%$0.56N/A-6.83%1/23/2023
NIM
Nuveen Select Maturities Municipal Fund
$9.11
+0.1%
ETF2.85%$0.26N/A-3.01%12/14/2022Dividend Announcement
Positive News
CXE
MFS High Income Municipal Trust
$3.56
-0.8%
Stock5.62%$0.20N/A-5.43%12/13/2022Positive News
BSMN
Invesco BulletShares (R) 2023 Municipal Bond ETF
$25.20
+0.1%
ETF0.79%$0.20N/AN/AN/A
MGF
MFS Government Markets Income Trust
$3.35
-0.6%
Stock8.36%$0.28N/A-2.24%12/13/2022Dividend Increase
Positive News
PCM Fund Inc. stock logo
PCM
PCM Fund
$8.83
+1.5%
ETF10.87%$0.96N/AN/A12/9/2022Dividend Announcement
Permianville Royalty Trust stock logo
PVL
Permianville Royalty Trust
$3.11
+3.0%
Stock18.33%$0.57N/A-34.16%N/A
NMT
Nuveen Massachusetts Quality Municipal Income Fund
$10.69
-0.9%
ETF4.58%$0.49N/A-0.27%12/14/2022Dividend Announcement
Positive News
BSMP
Invesco BulletShares (R) 2025 Municipal Bond ETF
$24.46
-0.1%
ETF1.14%$0.28N/AN/AN/A
DTF Tax-Free Income 2028 Term Fund Inc. stock logo
DTF
DTF Tax-Free Income 2028 Term Fund
$11.22
-0.3%
ETF4.90%$0.55N/A-5.35%12/14/2022
Ellington Residential Mortgage REIT stock logo
EARN
Ellington Residential Mortgage REIT
$7.16
+0.1%
Stock13.41%$0.9692.31%-6.64%12/29/2022Dividend Announcement
CMU
MFS High Yield Municipal Trust
$3.23
-0.6%
Stock5.57%$0.18N/A-6.97%12/13/2022Dividend Announcement
Positive News
NMI
Nuveen Municipal Income Fund
$8.95
-1.2%
ETF3.69%$0.33N/A-6.19%12/14/2022Dividend Announcement
Positive News
CIL
VictoryShares International Volatility Wtd ETF
$37.24
+0.3%
ETF2.74%$1.02N/AN/AN/A
First Trust BuyWrite Income ETF stock logo
FTHI
First Trust BuyWrite Income ETF
$19.92
+0.4%
ETF8.48%$1.69N/AN/AN/A
VictoryShares US Discovery Enhanced Volatility Wtd ETF stock logo
CSF
VictoryShares US Discovery Enhanced Volatility Wtd ETF
$56.31
+0.0%
ETF1.26%$0.71N/AN/AN/A
Nuveen California Select Tax-Free Income Portfolio stock logo
NXC
Nuveen California Select Tax-Free Income Portfolio
$13.23
-1.3%
Stock3.93%$0.52N/A-2.51%12/14/2022Dividend Increase
Positive News
BSMM
Invesco BulletShares (R) 2022 Municipal Bond ETF
$25.27
-0.1%
ETF0.44%$0.11N/AN/AN/A
PermRock Royalty Trust stock logo
PRT
PermRock Royalty Trust
$6.51
-3.4%
Stock16.74%$1.09155.71%-22.10%N/A
IBTK
iShares iBonds Dec 2030 Term Treasury ETF
$20.05
-0.6%
ETF2.04%$0.41N/AN/AN/A
VLT
Invesco High Income Trust II
$10.52
-0.6%
Stock11.03%$1.16N/A3.03%12/14/2022Dividend Announcement
Positive News
CEV
Eaton Vance California Municipal Income Trust
$10.11
-0.4%
Stock5.24%$0.53N/AN/AN/A
CXH
MFS Investment Grade Municipal Trust
$7.33
Stock5.59%$0.41N/A-1.32%12/13/2022Positive News
High Income Securities Fund stock logo
PCF
High Income Securities Fund
$6.94
-2.4%
ETF12.68%$0.88N/A17.04%12/19/2022
Delaware Investments Dividend and Income Fund, Inc. stock logo
DDF
Delaware Investments Dividend and Income Fund
$8.44
+1.1%
ETF12.56%$1.06N/A-11.92%12/21/2022Dividend Cut
Credit Suisse X-Links Gold Shares Covered Call ETN stock logo
GLDI
Credit Suisse X-Links Gold Shares Covered Call ETN
$148.41
-0.1%
Stock0.75%$1.11N/AN/AN/A
BSMQ
Invesco BulletShares (R) 2026 Municipal Bond ETF
$23.65
0.0%
ETF1.48%$0.35N/AN/AN/A
JMM
Nuveen Multi-Market Income Fund
$5.88
+0.5%
ETF6.12%$0.36N/A-1.57%12/14/2022Dividend Announcement
Positive News
VFL
Delaware Investments National Municipal Income Fund
$11.69
+0.2%
ETF5.47%$0.64N/A-4.20%12/21/2022Dividend Announcement
NXN
Nuveen New York Select Tax-Free Income Portfolio
$11.52
+0.2%
Stock3.56%$0.41N/A-5.78%12/14/2022Dividend Announcement
CIZ
VictoryShares Developed Enhanced Volatility Wtd ETF
$31.05
+1.4%
ETF1.96%$0.61N/AN/AN/A
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs stock logo
USOI
Credit Suisse X-Links Crude Oil Shares Covered Call ETNs
$76.00
-0.8%
Stock3.33%$2.53N/AN/AN/A
U.S. Global Investors, Inc. stock logo
GROW
U.S. Global Investors
$2.89
+2.1%
Stock3.11%$0.09N/A37.21%12/9/2022Analyst Report
News Coverage
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
$22.02
-0.5%
ETF1.45%$0.32N/AN/AN/A
BSMR
Invesco BulletShares (R) 2027 Municipal Bond ETF
$23.65
+0.1%
ETF1.40%$0.33N/AN/AN/A
Global X Alternative Income ETF stock logo
ALTY
Global X Alternative Income ETF
$11.25
+0.3%
ETF7.82%$0.88N/AN/AN/ADividend Announcement
Positive News
Credit Suisse X-Links Silver Shares Covered Call ETN stock logo
SLVO
Credit Suisse X-Links Silver Shares Covered Call ETN
$88.75
+0.9%
Stock0.78%$0.69N/AN/AN/A
Western Asset Total Return ETF stock logo
WBND
Western Asset Total Return ETF
$20.58
-0.5%
ETF4.08%$0.84N/AN/AN/A
CIF
MFS Intermediate High Income Fund
$1.84
+0.5%
ETF10.87%$0.20N/A-2.49%12/13/2022Dividend Increase
Positive News
IBTI
iShares iBonds Dec 2028 Term Treasury ETF
$22.30
-0.4%
ETF1.52%$0.34N/AN/AN/A
MFV
MFS Special Value Trust
$4.40
+0.5%
Stock11.14%$0.49N/A-1.28%12/13/2022Dividend Increase
Positive News
SNLN
Highland/iBoxx Senior Loan ETF
$14.74
-0.2%
ETF4.48%$0.66N/AN/AN/A
Mesa Royalty Trust stock logo
MTR
Mesa Royalty Trust
$16.57
+4.6%
Stock13.40%$2.22N/A-29.22%N/A
BSMS
Invesco BulletShares (R) 2028 Municipal Bond ETF
$23.38
+0.1%
ETF1.63%$0.38N/AN/AN/A
First Trust Income Opportunity ETF stock logo
FCEF
First Trust Income Opportunity ETF
$19.94
-0.1%
ETF6.97%$1.39N/AN/AN/A
NOM
Nuveen Missouri Quality Municipal Income Fund
$10.63
-0.7%
ETF4.52%$0.48N/A-1.14%12/14/2022Dividend Announcement
Positive News
High Trading Volume
Western Asset Short Duration Income ETF stock logo
WINC
Western Asset Short Duration Income ETF
$23.52
0.0%
ETF2.34%$0.55N/AN/AN/A
VictoryShares US Small Cap Volatility Wtd ETF stock logo
CSA
VictoryShares US Small Cap Volatility Wtd ETF
$59.88
-0.1%
ETF1.37%$0.82N/AN/AN/A
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
$23.08
0.0%
ETF1.65%$0.38N/AN/AN/A
CID
VictoryShares International High Div Volatility Wtd ETF
$29.52
+1.6%
ETF6.03%$1.78N/AN/AN/A
Monthly Dividend Stocks

Most dividend stocks pay dividends on a quarterly or annual basis. However, a select group of companies pay out monthly dividends. For income investors, a monthly dividend stream creates a predictable source of income. This provides peace of mind because they don’t have to dip into the principal of their investments. Even investors who do not need the benefit of regular income can benefit from re-investing their monthly dividends to buy additional shares.

In this article, we’ll review what a dividend is and why companies offer them. We’ll also explain why a company may issue a monthly as opposed to a quarterly or annual dividend, and give an example of why investors need to pay attention to more than a company’s announced dividend yield.

Dividends are payments that a company makes to its shareholders. These payments come out of a company’s profit. Companies issue dividends on a regular schedule. A typical quarterly dividend issues payouts every three months. However, there are a select group of companies that have a monthly payout schedule or issue dividends on an annual schedule.

Investors can receive the dividends directly as income or they can elect to re-invest their dividend payment to buy additional shares of the company’s stock. This ability to receive regular income is the primary reason dividend stocks appeal to income-oriented investors.

This is because 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. These gaps can lead investors to dip into the principal of their retirement fund. Aside from creating elaborate dividend calendars, one way these investors can help mitigate avoid these gaps is by having a portion of their dividend investments in stocks that pay monthly dividends.

As stated above, 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 several ways. The most obvious is through stock price appreciation (i.e. capital growth). A second way is by issuing a dividend. In order 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 make the decision 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, individuals get sick in any economy 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.

Why Do Companies Issue Monthly Dividends?

A monthly dividend company can sustain the cash flow needed to support a monthly dividend. Some of the most popular examples of monthly dividend paying stocks are a real estate investment trust (REIT) such as Realty Income (NYSE:O) which bills itself “The Monthly Dividend Company.”

Business development companies (BDCs) such as Broadmark Realty Capital (NYSE: BRMK) and Prospect Capital (NASDAQ: PSEC) are examples of companies that issue dividends with monthly payouts.

These stocks are required to return at least 90% of their profit to investors as a dividend. Many of these companies generate income through collecting rent on a portfolio of industrial properties or residential loans. This gives them the reliable cash flow necessary to safely pay dividends.

One of the most common metrics that investors use when finding the best monthly dividend stocks another is the dividend yield. A 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 also costs $50 per share.

To calculate the dividend 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 having 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, its monthly payout would rise to $71.66 which would make its stock more attractive.

This brings up an important limitation to using dividend yield. A company’s dividend yield is tied to its stock price. Stock prices and yields move in opposite directions. Therefore one company may report a higher yield than another company but actually 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.

A more useful measurement for investors is the dividend payout ratio. The dividend payout ratio, which is also known as simply 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 with the intention of maximizing 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 of a company’s business.

Of course, investors need to look at a company’s history of paying monthly dividends. But past dividend performance does not mean that a company is a sustainable dividend stock. 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 their 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 make the decision to stop issuing a dividend altogether.

Closed-end funds (CEFs) are the option for investors looking for reliable cash flow from monthly paying dividend stocks. CEFs contain stocks and bonds which lowers risk by reducing exposure to either asset class. However, CEFs frequently contain debt investments which can cause the price to move sharply in either direction when the market is volatile.

To build in an added margin of safety, investors typically buy a CEF when it is trading below its net asset value (i.e. the price of all the fund assets minus their debt).

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 regular quarterly dividends, but that is not always helpful for investors dealing with recurring monthly medical expenses and other regular bills. This is when monthly dividend paying stocks can support reliable cash flow.

While investors should not commit the entire income side of their portfolio to companies paying monthly dividends, 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.

 

More Dividend Resources from MarketBeat