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Top 12 Reliable Stocks That Pay Monthly Dividends

Last updated: July 25, 2019

Most investors are accustomed to receiving quarterly payouts from their dividend-paying securities, but there are opportunities to generate current income on a more frequent basis: monthly dividend stocks.

There are more than 700 securities that follow a monthly payout schedule and warrant a closer look from yield-seeking investors. Monthly dividend securities provide risk-adjusted returns and diversification benefits that can boost your portfolio over the long haul.

Stay up to date with the highest-yielding stocks and their latest ex-dividend dates on our High Dividend Stocks by Yield page.

Reliable Monthly Dividend Plays

For the purpose of this article, we are only focussing on common stocks, ADRs, REITs, royalty trusts and MLPs.

To ensure a reliable track record, we have only considered stocks with at least 5 years of consecutive dividend payouts. We have also screened out firms with a market capitalization of less than $250 million to make sure they have sizable operations to generate cash flows and support the monthly payouts. The stocks in the list have at least 3.5% of annualized dividend yield.

Below we present the list of top 12 reliable stocks, sorted by descending dividend yields.

*As of market close on July 24, 2019

The following graph shows how the monthly payout of the 12 stocks varied in the recent past.

The Bottom Line

Income investors have a lot to gain by incorporating monthly dividend plays in their portfolio. Consistent dividend growers provide stability and steady growth over the long haul, helping you create a more risk-adjusted portfolio. To find more of the best monthly dividends stocks, check out our entire list of monthly dividend stocks.

Check out our Best Dividend Stocks page.