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 | 3.91% | 166.03% | 42.48% | 1.44% | 0.04% | 5.64% | 5.60% |
| AGNC Investment | 13.87% | 143.80% | 9.42% | 0.83% | 0.09% | -6.36% | -5.77% |
| Atrium Mortgage Investment | 8.36% | 96.52% | 10.25% | 0.98% | 0.10% | 0.39% | 0.94% |
| Apple Hospitality REIT | 6.88% | 146.80% | 16.45% | 1.08% | 0.06% | -1.69% | 0.00% |
| ARMOUR Residential REIT | 15.15% | -1131.94% | -68.88% | 0.73% | -0.01% | 5.92% | 16.98% |
| Diversified Royalty | 6.60% | 105.25% | 15.29% | 1.68% | 0.11% | 2.12% | 20.90% |
| Bridgemarq Real Estate Services | 6.88% | -398.26% | -118.65% | -5.53% | 0.05% | -1.74% | -0.97% |
| BSR Real Estate Investment Trust | 4.32% | -71.22% | -10.44% | 0.64% | -0.06% | 1.41% | 0.00% |
| Chesswood | -% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 6.29% | 71.84% | 12.61% | 1.88% | 0.15% | 3.77% | 4.35% |
| SmartCentres Real Estate Investment Trust | 5.05% | 113.04% | 19.10% | 0.86% | 0.05% | 3.38% | -0.45% |
| Dynex Capital | 12.58% | 122.93% | 12.24% | 0.93% | 0.09% | 2.30% | 4.68% |
| Ellington Residential Mortgage REIT | 14.84% | 91.67% | 7.87% | 0.86% | 0.14% | -4.04% | -7.96% |
| Ellington Financial | 10.87% | 121.49% | 9.31% | 0.78% | 0.09% | -2.44% | -6.34% |
| EPR Properties | 6.44% | 191.62% | 27.52% | 1.73% | 0.06% | -5.45% | -0.06% |
| Exchange Income | 5.24% | 103.84% | 20.19% | 1.74% | 0.09% | 3.46% | 4.56% |
| Extendicare | 3.74% | 53.21% | 15.67% | 9.47% | 0.69% | 2.96% | -2.14% |
| First National Financial | 7.30% | 105.81% | 13.20% | 3.29% | 0.24% | 4.20% | 7.15% |
| Freehold Royalties | 8.91% | 122.69% | 14.32% | 2.10% | 0.14% | 9.45% | -6.35% |
| Firm Capital Property Trust | 8.87% | 54.95% | 6.42% | 0.73% | 0.12% | -0.50% | 0.00% |
| Fortitude Gold | 9.56% | -567.97% | -59.39% | 1.12% | -0.02% | 0.00% | 0.00% |
| Generation Income Properties | 8.81% | -32.16% | -0.97% | 1.55% | -0.94% | 0.00% | 0.00% |
| Gladstone Capital | 8.24% | 51.40% | 6.33% | 1.31% | 0.22% | 20.50% | 9.77% |
| Gladstone Commercial | 7.39% | 261.59% | 28.24% | 3.96% | 0.12% | -4.36% | -2.21% |
| Gladstone Investment | 6.93% | 111.49% | 7.26% | 1.04% | 0.15% | -1.32% | 2.23% |
| Gladstone Land | 5.18% | 333.66% | 29.21% | 0.56% | 0.02% | 0.93% | 4.51% |
| Global Water Resources | 2.63% | 112.11% | 42.85% | 5.69% | 0.13% | 1.00% | 0.00% |
| Granite Real Estate Investment Trust | 4.63% | 57.64% | 11.51% | 0.72% | 0.07% | 2.81% | 4.77% |
| H&R Real Estate Investment Trust | 7.39% | -153.17% | -22.05% | 0.50% | -0.02% | -14.55% | -8.54% |
| Horizon Technology Finance | 13.91% | -1198.16% | -93.25% | 1.05% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 8.64% | 54.62% | 8.10% | 1.57% | 0.20% | -9.12% | -0.54% |
| Keyera | 4.98% | 96.06% | 19.95% | 3.43% | 0.17% | -0.85% | -5.07% |
| LTC Properties | 6.40% | 110.42% | 17.62% | 1.67% | 0.10% | 0.00% | 1.12% |
| Sienna Senior Living | 5.99% | 182.76% | 31.05% | 2.48% | 0.09% | 0.23% | 0.39% |
| Main Street Capital | 7.18% | 63.07% | 10.03% | 1.82% | 0.19% | 7.11% | 4.89% |
| Modiv | 7.58% | 661.21% | 63.87% | 0.77% | 0.01% | 0.00% | 0.00% |
| Mullen | 6.14% | 59.47% | 10.07% | 1.11% | 0.11% | 5.12% | -4.34% |
| Northland Power | 4.48% | 59.81% | 14.47% | 1.19% | 0.08% | -0.64% | -1.09% |
| Orchid Island Capital | 16.84% | 245.61% | 14.86% | 0.84% | 0.06% | 8.45% | -3.97% |
| Oxford Square Capital | 14.95% | -525.54% | -38.78% | 1.14% | -0.03% | -12.16% | -9.66% |
| Peyto Exploration & Development | 8.63% | 88.45% | 10.66% | 1.13% | 0.11% | 38.89% | -0.68% |
| Pine Cliff Energy | 10.33% | -211.98% | -19.16% | 4.46% | -0.18% | 0.00% | 0.00% |
| Paramount Resources | 10.40% | 64.76% | 6.78% | 0.68% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 15.00% | 927.19% | 48.23% | 0.38% | 0.01% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.33% | 105.14% | 13.97% | 1.45% | 0.10% | -0.07% | -0.62% |
| Realty Income | 5.53% | 313.61% | 57.61% | 1.28% | 0.02% | 1.09% | 2.73% |
| RioCan Real Estate Investment Trust | 6.43% | 70.12% | 11.34% | 0.71% | 0.06% | -2.26% | -4.44% |
| SL Green Realty | 4.68% | 531.06% | 148.76% | 1.15% | 0.01% | -2.62% | 3.66% |
| SLR Investment | 9.30% | 93.43% | 10.04% | 0.97% | 0.10% | 0.00% | 0.25% |
| Whitecap Resources | 8.35% | 53.34% | 6.59% | 0.93% | 0.15% | 14.83% | -2.10% |
| Slate Grocery REIT | 8.77% | 130.27% | 14.68% | 0.86% | 0.06% | 0.19% | 0.00% |
| STAG Industrial | 4.18% | 145.33% | 34.15% | 1.87% | 0.06% | 0.69% | 1.38% |
| Timbercreek Financial | 10.86% | 121.70% | 12.02% | 0.81% | 0.07% | -1.17% | 0.00% |
| Tamarack Valley Energy | 3.59% | 50.22% | 14.08% | 1.08% | 0.08% | 0.00% | 0.00% |
| U.S. Global Investors | 3.72% | 244.20% | 64.17% | 0.69% | 0.01% | 24.57% | 4.14% |
| Whitestone REIT | 3.39% | 114.97% | 32.25% | 1.62% | 0.05% | -14.01% | -8.07% |