Monthly Dividend Stock List - For High Returns in 2024
For investors seeking consistent income and the potential for high returns, monthly dividend stocks offer a unique advantage. These stocks provide more frequent dividend payouts, making them an attractive choice for those looking to generate steady cash flow throughout the year. In 2024, a carefully curated selection of monthly dividend stocks stands out, offering both high dividend yields and strong financial fundamentals.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Agree Realty | 4.15% | 161.58% | 38.22% | 1.37% | 0.04% | 5.64% | 5.60% |
| AGNC Investment | 14.96% | 101.04% | 6.74% | 0.80% | 0.13% | -6.36% | -5.77% |
| Atrium Mortgage Investment | 8.30% | 96.52% | 10.28% | 0.98% | 0.10% | 0.39% | 0.94% |
| Apple Hospitality REIT | 6.66% | 151.97% | 17.80% | 1.11% | 0.10% | -1.69% | 0.00% |
| ARMOUR Residential REIT | 15.52% | 135.94% | 7.28% | 0.73% | 0.11% | 5.92% | 16.98% |
| Diversified Royalty | 6.06% | 105.25% | 16.33% | 1.80% | 0.11% | 2.46% | 0.00% |
| Bridgemarq Real Estate Services | 6.65% | -398.26% | -124.30% | -5.80% | 0.05% | -1.74% | -0.97% |
| BSR Real Estate Investment Trust | 4.32% | -19.01% | -2.77% | 0.67% | -0.22% | 1.41% | 0.00% |
| Chesswood | 1.11% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 6.12% | 110.41% | 19.98% | 1.97% | 0.10% | 3.92% | 0.00% |
| SmartCentres Real Estate Investment Trust | 7.39% | 201.08% | 31.72% | 0.81% | 0.03% | 2.05% | 27.49% |
| Dynex Capital | 13.48% | 122.93% | 11.04% | 0.84% | 0.09% | 16.72% | 3.37% |
| Ellington Residential Mortgage REIT | 13.95% | 91.67% | 8.37% | 0.92% | 0.14% | -7.92% | -1.70% |
| Ellington Financial | 12.71% | 121.49% | 7.96% | 0.67% | 0.09% | 1.88% | -7.27% |
| EPR Properties | 7.50% | 138.65% | 17.12% | 1.42% | 0.08% | -5.24% | 0.44% |
| Exchange Income | 4.75% | 101.94% | 21.66% | 2.08% | 0.10% | 3.15% | 4.22% |
| Extendicare | 4.85% | 62.60% | 13.93% | 7.83% | 0.64% | 2.96% | -2.14% |
| First National Financial | 7.01% | 105.81% | 13.69% | 3.41% | 0.24% | 2.02% | 10.63% |
| Freehold Royalties | 8.25% | 122.69% | 15.48% | 2.27% | 0.14% | 10.18% | -7.10% |
| Firm Capital Property Trust | 8.99% | 54.95% | 6.11% | 0.70% | 0.12% | 0.00% | 0.00% |
| Fortitude Gold | 9.06% | 544.25% | 60.18% | 1.13% | 0.02% | 0.00% | 0.00% |
| Generation Income Properties | 13.65% | -32.16% | -1.09% | 1.75% | -0.94% | 0.00% | 0.00% |
| Gladstone Capital | 8.76% | 45.55% | 6.25% | 1.24% | 0.21% | 3.19% | 1.58% |
| Gladstone Commercial | 7.15% | 288.95% | 33.85% | 4.25% | 0.11% | -4.36% | -2.21% |
| Gladstone Investment | 6.95% | 182.05% | 13.29% | 1.11% | 0.08% | 21.51% | 14.68% |
| Gladstone Land | 5.17% | 304.61% | 26.62% | 0.56% | 0.02% | 0.93% | 4.51% |
| Global Water Resources | 2.46% | 112.11% | 45.72% | 6.07% | 0.13% | 1.02% | 0.00% |
| Granite Real Estate Investment Trust | 4.46% | 67.18% | 15.04% | 0.85% | 0.06% | 3.28% | 4.29% |
| H&R Real Estate Investment Trust | 7.66% | -70.00% | -9.57% | 0.51% | -0.05% | -12.55% | 16.82% |
| Horizon Technology Finance | 15.81% | -1198.16% | -88.61% | 1.00% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 7.59% | 54.62% | 8.18% | 1.59% | 0.20% | -23.03% | -7.33% |
| Keyera | 5.08% | 103.57% | 21.57% | 3.40% | 0.16% | -0.85% | -5.07% |
| LTC Properties | 6.55% | 97.52% | 15.09% | 1.61% | 0.11% | 0.00% | 1.12% |
| Sienna Senior Living | 5.64% | 222.95% | 41.05% | 2.59% | 0.08% | 0.62% | 0.39% |
| Main Street Capital | 6.81% | 66.15% | 11.18% | 1.96% | 0.18% | 7.11% | 4.89% |
| Modiv | 7.16% | 661.21% | 67.06% | 0.81% | 0.01% | 0.00% | 0.00% |
| Mullen | 5.09% | 52.32% | 10.80% | 1.31% | 0.12% | 5.12% | -4.34% |
| Northland Power | 4.78% | -305.95% | -68.67% | 1.14% | -0.02% | -0.64% | -1.09% |
| Orchid Island Capital | 18.05% | 143.57% | 9.75% | 0.88% | 0.11% | 10.96% | 2.58% |
| Oxford Square Capital | 15.85% | -525.54% | -36.58% | 1.08% | -0.03% | -7.56% | -7.36% |
| Peyto Exploration & Development | 8.42% | 88.45% | 10.93% | 1.16% | 0.11% | 12.07% | 1.36% |
| Pine Cliff Energy | 9.33% | -211.98% | -20.49% | 4.77% | -0.18% | 0.00% | 0.00% |
| Paramount Resources | 5.68% | 64.76% | 12.60% | 1.26% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 15.88% | 2965.90% | 156.58% | 0.54% | 0.00% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.14% | 105.14% | 14.34% | 1.49% | 0.10% | -0.51% | -1.48% |
| Realty Income | 5.74% | 291.48% | 54.03% | 1.24% | 0.02% | 1.09% | 2.73% |
| RioCan Real Estate Investment Trust | 6.28% | 143.27% | 24.21% | 0.74% | 0.03% | -2.26% | -4.44% |
| SL Green Realty | 3.92% | -157.47% | -35.10% | 1.32% | -0.04% | -0.36% | 8.04% |
| SLR Investment | 9.74% | 92.46% | 9.49% | 0.92% | 0.10% | 0.01% | -1.96% |
| Whitecap Resources | 7.66% | 49.70% | 6.78% | 1.06% | 0.16% | 14.83% | -2.10% |
| Slate Grocery REIT | 8.32% | 157.96% | 18.96% | 0.93% | 0.05% | 0.54% | 0.00% |
| STAG Industrial | 4.27% | 152.42% | 35.03% | 1.91% | 0.05% | 0.69% | 1.38% |
| Timbercreek Financial | 10.05% | 95.50% | 10.09% | 0.85% | 0.08% | -0.72% | 0.00% |
| Tamarack Valley Energy | 3.23% | 38.59% | 11.88% | 1.16% | 0.10% | 0.00% | 0.00% |
| U.S. Global Investors | 3.44% | 69.08% | 18.05% | 0.68% | 0.04% | 24.30% | 4.02% |
| Whitestone REIT | 3.42% | 114.97% | 34.03% | 1.71% | 0.05% | -15.89% | -7.48% |