US Stocks that pay monthly dividends (Full list by sector)

For this post, we will share the list of US stocks that pay monthly dividends! All these stocks are American companies (mid or large cap) with a minimum market capitalization of $300M. I excluded small caps stocks, because they are generally more risky. You will also find at the end of this post my top picks, 6 monthly dividend paying stocks with a track record of increasing their dividends.

Monthly dividend stocks are a great way to generate a regular passive income. As you can see below, the list is dominated by Reits (real estate investment trusts). For each company, we will provide the dividend yield, the pay out ratio and the dividend growth over the past five years.

Full list of ‘Dividend Kings’ stocks by sector

Best dividend stocks to buy – Dividend aristocrats

Canadian dividend aristocrats list by sector

How to select monthly dividend stocks?

Look at the payout ratio

The dividend payout ratio is the amount of dividend distributed by a company divided by the total earnings. For example, a company makes a profit of $ 100 and pays $ 40 in dividends. Its payout ratio is 40%.

If the ratio is high, the company pays almost all of its profits in dividends. There will be little money left in the coffers to innovate or expand to new markets;

It is preferable to invest in a company where the dividend payout ratio is low or medium. The reasoning is that these companies will have money set aside to invest in new projects and thus create growth;

Another variation of payout ratio (Trailing div / Earnings) is the payout ratio to cash (Div / Free cash flows). Earnings can be easily manipulated, so analysts use the payout ratio to cash to assess the safety of dividends better. The website ‘Marketbeat‘ provides the payout ratio to cash for Canadian stocks.

Focus on total return

When one wishes to invest in a stocks that pay monthly dividends, it is essential to pay attention to their performance and growth potential. The most common mistake is to invest in stocks with high dividend yields. This strategy is risky. Here’s why :

• A stock can pay a high dividend yield, but is it sustainable? Some companies have a payout ratio that is close to and even exceeds 100%. They manage to post desirable dividend yields, but if we look at the growth prospects, it’s almost nil;

• Investors sometimes shun companies for lack of growth potential or actual risk of lower revenues in the future. These companies experience a drop in the price of their shares, and this causes the dividend yield to become abnormally high. Sooner or later, these businesses will have to cut their dividend.

Real Estate

Ticker	Name	Dividend Yield	Years of Dividend Increases
O	Realty Income Corp.	5.8%	26
STAG	STAG Industrial Inc	4.0%	13
ADC	Agree Realty Corp.	5.3%	11
LAND	Gladstone Land Corp	4.3%	9
EPR	EPR Properties	8.4%	3
APLE	Apple Hospitality REIT Inc	5.9%	2
WSR	Whitestone REIT	4.2%	2
AGNC	AGNC Investment Corp	14.8%	0
ARR	ARMOUR Residential REIT Inc	14.9%	0
DX	Dynex Capital, Inc.	12.8%	0
EARN	Ellington Residential Mortgage REIT	13.7%	0
GIPR	Generation Income Properties Inc	12.4%	0
GOOD	Gladstone Commercial Corp	8.9%	0
LTC	LTC Properties, Inc.	7.2%	0
ORC	Orchid Island Capital Inc	16.5%	0
SLG	SL Green Realty Corp.	5.8%	0
BREUF	Bridgemarq Real Estate Services Inc	0.0%
BSRTF	BSR Real Estate Investment Trust	0.0%
CDPYF	Canadian Apartment Properties Real Estate Investment Trust	0.0%
CWYUF	SmartCentres Real Estate Investment Trust	0.0%
FRMUF	Firm Capital Property Trust	0.0%
HRUFF	H&R Real Estate Investment Trust	0.0%
RIOCF	RioCan Real Estate Investment Trust	0.0%

List of dividend aristocrats that pay monthly dividends

Financial Services

Ticker	Name	Dividend Yield	Years of Dividend Increases
MAIN	Main Street Capital Corporation	6.1%	9
GAIN	Gladstone Investment Corporation	6.9%	2
GLAD	Gladstone Capital Corp.	9.8%	2
HRZN	Horizon Technology Finance Corp	11.8%	2
PFLT	PennantPark Floating Rate Capital Ltd	11.0%	2
PPRQF	Choice Properties Real Estate Investment Trust	5.3%	2
SCM	Stellus Capital Investment Corp	12.2%	2
ITUB	Itau Unibanco Holding S.A.	6.2%	1
BBD	Banco Bradesco S.A.	1.8%	0
DREUF	Dream Industrial Real Estate Investment Trust	5.4%	0
EFC	Ellington Financial Inc	13.7%	0
GROW	U.S. Global Investors, Inc.	3.1%	0
OXSQ	Oxford Square Capital Corp	13.2%	0
PSEC	Prospect Capital Corp	13.2%	0
SLRC	SLR Investment Corp	10.8%	0
CHWWF	Chesswood Group Limited	0.0%
FNLIF	First National Financial Corporation	0.0%
TBCRF	Timbercreek Financial Corp	0.0%

Energy

Ticker	Name	Dividend Yield	Years of Dividend Increases
PRT	PermRock Royalty Trust	12.5%	2
CRT	Cross Timbers Royalty Trust	7.6%	0
PBT	Permian Basin Royalty Trust	3.7%	0
PVL	Permianville Royalty Trust	7.5%	0
SBR	Sabine Royalty Trust	7.7%	0
SJT	San Juan Basin Royalty Trust	6.7%	0
FRHLF	Freehold Royalties Ltd	0.0%
HGTXU	Hugoton Royalty Trust	0.0%
PEYUF	Peyto Exploration & Development Corp.	0.0%
PIFYF	Pine Cliff Energy Ltd	0.0%
PRMRF	Paramount Resources Ltd.	0.0%
SPGYF	Whitecap Resources Inc	0.0%

Utilities

Ticker	Name	Dividend Yield	Years of Dividend Increases
GWRS	Global Water Resources Inc	2.4%	9
NPIFF	Northland Power Inc.	0.0%
TRSWF	TransAlta Renewables Inc	0.0%

Healthcare

Ticker	Name	Dividend Yield	Years of Dividend Increases
LWSCF	Sienna Senior Living Inc	7.1%	0
EXETF	Extendicare Inc	0.0%

Industrial

Ticker	Name	Sector	Years of Dividend Increases
EIFZF	Exchange Income Corp	Industrials	2
SISXF	Savaria Corp.	Industrials

Monthly dividend payers with a track record of paying and increasing their dividends

Ticker	Name	Sector	Price	Dividend Yield	Years of Dividend Increases
O	Realty Income Corp.	Real Estate	$52.87	5.8%	26
STAG	STAG Industrial Inc	Real Estate	$37.24	4.0%	13
ADC	Agree Realty Corp.	Real Estate	$56.84	5.3%	11
GWRS	Global Water Resources Inc	Utilities	$12.52	2.4%	9
LAND	Gladstone Land Corp	Real Estate	$13.08	4.3%	9
MAIN	Main Street Capital Corporation	Financial Services	$47.01	6.1%	9