Dividend Vision Lists
Monthly Dividend Stocks
A curated list of the individual companies that pay a dividend every single month rather than quarterly — net-lease and mortgage REITs, business development companies, and a handful of others — the securities that turn a portfolio into a monthly paycheck without an ETF wrapper.
Updated August 2026 · 31 companies
DV Scorecard
Our proprietary snapshot of this list — averages and standouts, computed from the companies below. Not investment advice.
Most stocks pay dividends four times a year, but a small group pays every single month — turning a holding into a steady, paycheck-like income stream that lines up with monthly bills. This page gathers the individual companies (not funds) that distribute monthly, so you can compare them in one place.
The list is concentrated in a few structures that suit a monthly cadence: net-lease and diversified REITs whose rent checks arrive monthly (Realty Income, Agree Realty, STAG, EPR), mortgage REITs that pay high but volatile monthly distributions (AGNC, Dynex, Orchid, Ellington), and business development companies that lend to private middle-market firms (Main Street Capital, Prospect, Gladstone, PennantPark). Yields range from the mid-single digits on the steadier REITs to the high teens on the most aggressive mortgage REITs and BDCs — and a higher yield here usually signals higher risk, not a free lunch.
Dividend Vision's angle is durability: monthly payers are popular precisely because the cadence feels safe, so the real question is how well each payout is covered. Our Distribution Safety Score, payout ratio, and dividend-trend data help separate the reliable monthly compounders from the high-yielders most at risk of a cut. Figures refresh live from our data pipeline on every build, and nothing here is investment advice.
Monthly Dividend Stocks
Live data joins from our pipeline on every build — click any header to sort, or open a ticker for the full analysis. We never hard-code yields, prices, or returns.
| Ticker | Company | Role | Yield | Div growth (1y) | Safety | Fwd P/E | Market cap |
|---|---|---|---|---|---|---|---|
| O | Realty Income Corporation | Net Lease REIT | 5.20% | -5.7% | 100 | 37.3 | $59.2B |
| DOC | Healthpeak Properties Inc. | Real Estate | 5.92% | -4.0% | 60 | 142.9 | $14.6B |
| AGNC | AGNC Investment Corp | Mortgage REIT | 13.24% | 0.0% | 93 | 6.8 | $12.9B |
| ADC | Agree Realty | Diversified REIT | 4.31% | +4.2% | 94 | 39.8 | $9.3B |
| STAG | STAG Industrial | Diversified REIT | 8.32% | +10.9% | 100 | 144.9 | $7.3B |
| PECO | Phillips Edison & Company, Inc | Retail REIT | 3.23% | +5.5% | 100 | 72.5 | $5.7B |
| MAIN | Main Street Capital Corporation | BDC | 11.78% | -18.8% | 94 | 15.3 | $5.5B |
| EPR | EPR Properties | Diversified REIT | 6.06% | +8.3% | 82 | 18.5 | $4.7B |
| SLG | SL Green Realty Corp. | Equity | 4.04% | +49.5% | 37 | 67.1 | $4.3B |
| APLE | Apple Hospitality REIT, Inc | Hotel REIT | 6.10% | +0.7% | 72 | 23.5 | $3.7B |
| DX | Dynex Capital, Inc | Mortgage REIT | 15.73% | +0.2% | 90 | 9.8 | $3.2B |
| ARR | ARMOUR Residential REIT, Inc | Mortgage REIT | 17.31% | +3.3% | 52 | 7.2 | $2.4B |
| LTC | LTC Properties, Inc | Healthcare REIT | 5.89% | +0.2% | 100 | 12.5 | $2.1B |
| EFC | Ellington Financial Inc | Mortgage REIT | 11.45% | 0.0% | 86 | 9.1 | $1.8B |
| TRIN | Trinity Capital Inc | BDC | 11.15% | -82.6% | 89 | 9.4 | $1.6B |
| CSWC | Capital Southwest Corporation | BDC | 9.22% | -2.4% | 88 | 12.3 | $1.6B |
| ORC | Orchid Island Capital, Inc | Mortgage REIT | 18.13% | -20.8% | 51 | 6.0 | $1.3B |
| PSEC | Prospect Capital Corporation | BDC | 18.34% | -24.8% | 47 | 9.4 | $1.1B |
| IVR | Invesco Mortgage Capital Inc. | Equity | 19.33% | -97.3% | 45 | 3.9 | $763M |
| PFLT | PennantPark Floating Rate Capital Ltd. | BDC | 14.92% | -13.4% | 70 | 7.0 | $742M |
| GAIN | Gladstone Investment Corporation | BDC | 5.85% | +3.4% | 71 | 17.0 | $648M |
| GOOD | Gladstone Commercial Corporation | Diversified REIT | 9.22% | +3.4% | 72 | 51.0 | $635M |
| GLAD | Gladstone Capital Corporation | BDC | 9.15% | +2.1% | 65 | 10.8 | $444M |
| CION | Cion Investment Corp | BDC | 16.15% | -60.3% | 36 | 7.1 | $370M |
| LAND | Gladstone Land Corporation | Farmland REIT | 6.89% | +3.0% | 69 | 185.2 | $353M |
| HRZN | Horizon Technology Finance Corporation | BDC | 18.11% | -22.3% | 50 | 7.4 | $333M |
| SAR | Saratoga Investment Corp. | BDC | 15.48% | -7.2% | 75 | 13.2 | $312M |
| SCM | Stellus Capital Investment Corporation | BDC | 15.48% | -35.3% | 53 | 8.3 | $249M |
| PNNT | PennantPark Investment Corporation | BDC | 25.13% | -14.5% | 60 | 6.8 | $249M |
| GWRS | Global Water Resources, Inc | Water Utility | 3.94% | +1.2% | 60 | 92.6 | $219M |
| OXSQ | Oxford Square Capital | BDC | 27.27% | -1.0% | 59 | 5.6 | $166M |
Why this list matters
Monthly dividend stocks smooth income into twelve payments a year and make reinvestment compound faster — but the cadence says nothing about safety, and several of the highest monthly yields carry real cut risk.
Who it's for
- Retirees and income investors who want dividend income aligned with monthly expenses
- Reinvestors who benefit from compounding twelve times a year instead of four
- Investors building a monthly-paycheck portfolio from individual names rather than a fund
- Anyone comparing a monthly payer they own against its peers on yield and safety
Benefits
- Twelve payments a year smooth cash flow and can speed up dividend reinvestment
- Includes some of the market's best-known income names, such as Realty Income and Main Street Capital
- Yields are generally higher than the broad market, spanning steady REITs to high-yield BDCs
Risks
- A monthly schedule does not make a dividend safe — coverage and business quality still decide that
- Mortgage REITs and some BDCs carry high, rate-sensitive yields that have been cut before
- Interest-rate sensitivity across REITs and leverage across mortgage REITs and BDCs
- Many are smaller, more volatile companies than typical blue-chip quarterly payers
- The highest headline yields on this list often signal the highest risk of a cut
What to watch
- How well the dividend is covered — start with the Distribution Safety Score, payout ratio, and dividend trend
- The business type: a net-lease REIT is far steadier than a leveraged mortgage REIT paying a similar-looking yield
- Interest-rate direction, which weighs heavily on REITs and mortgage REITs
- Whether a very high yield reflects strength or a market pricing in a coming cut
How we rank these investments
This page is a curated universe, not a ranked buy list — the table sorts on any column. These are the dimensions we surface and what each tells you.
- Distribution yield. The current dividend as a share of price. Monthly payers skew higher-yield than the market, from mid-single digits to the high teens.
- Dividend growth. How fast the payout is rising — or whether it's flat or falling. The steadier REITs raise regularly; some high-yield mortgage REITs have cut.
- Distribution Safety Score. Dividend Vision's proprietary read on how durable a payout looks, from the same one scorer used across the site — especially important when the yield is high.
- Valuation. Forward P/E and related measures put the price in context, though for REITs metrics like price-to-FFO matter too — check the ticker page.
- Total return. Price change plus dividends. For monthly high-yielders, a rich distribution can mask weak or negative price performance.
- Business role. Net-lease REIT, mortgage REIT, BDC, or other — the single biggest driver of how safe a similar-looking yield really is.
- Liquidity & size. Market capitalization and trading volume. Larger, more liquid names are easier to trade and tend to be less volatile; market cap is our default sort.
- Payout ratio. The share of earnings (or FFO) paid as dividends — a key coverage check, particularly for the highest-yielding names.
- Distribution frequency. Every company on this list pays monthly — twelve distributions a year rather than four.
Frequently asked questions
What are monthly dividend stocks?
They are individual companies — as opposed to funds — that pay a dividend every month instead of quarterly. Most are REITs and business development companies whose cash flows suit a monthly schedule. This page tracks 31 of them with live market data.
Which stocks pay monthly dividends?
Realty Income (O) is the best-known monthly payer, alongside other net-lease and diversified REITs (Agree Realty, STAG, EPR), mortgage REITs (AGNC, Dynex, Orchid), and BDCs (Main Street Capital, Prospect, Gladstone). The full curated list is in the table above, each linking to a detailed analysis.
Are monthly dividends better than quarterly?
The total amount paid is what matters, not the frequency — twelve smaller payments equal the same annual dividend as four larger ones. Monthly cadence mainly helps by aligning income with monthly bills and letting you reinvest sooner. It says nothing about how safe the payout is.
Are monthly dividend stocks safe?
It depends entirely on the company, not the schedule. Steady net-lease REITs like Realty Income are quite different from leveraged mortgage REITs paying double-digit yields, some of which have cut before. Use the Distribution Safety Score and payout ratio on each ticker page to judge coverage, and be cautious with the highest headline yields.
Why do so many monthly payers happen to be REITs and BDCs?
REITs collect rent monthly and must distribute most of their taxable income, and BDCs earn regular interest on the loans they make — both produce steady, recurring cash flows that fit a monthly distribution. That's why the monthly-payer universe is concentrated in those two structures.
Should I buy monthly dividend stocks or a monthly-paying ETF?
Individual stocks let you choose specific companies and yields but concentrate risk in each name; a monthly-paying ETF spreads that risk across many holdings in one position. This page helps you compare the individual names — see our Monthly Income ETFs list for the fund-based route.
What is the Distribution Safety Score?
It's Dividend Vision's proprietary measure of how durable a company's dividend looks, scored from 0 to 100 using the same single model applied across the site.
How often is this list updated?
The membership is curated, while yields, prices, market caps, and Safety Scores refresh from our data pipeline on every build. The figures reflect the most recent data run.
Related lists
Related tools
Take any name on this list further with Dividend Vision's free tools.
Learn the method
The metrics and risks behind this list, explained in the Academy.
