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 | 3.93% | 161.58% | 40.16% | 1.44% | 0.04% | 6.26% | 5.93% |
| AGNC Investment | 14.88% | 101.04% | 6.78% | 0.81% | 0.13% | -7.79% | -9.13% |
| Atrium Mortgage Investment | 8.08% | 97.36% | 10.63% | 1.01% | 0.10% | 0.00% | 0.57% |
| Apple Hospitality REIT | 6.32% | 117.58% | 18.76% | 1.17% | 0.10% | -4.92% | 0.00% |
| ARMOUR Residential REIT | 16.48% | 135.94% | 7.62% | 0.76% | 0.11% | -2.98% | 9.24% |
| Diversified Royalty | 5.49% | 100.94% | 15.81% | 1.72% | 0.12% | 9.07% | 0.00% |
| Bridgemarq Real Estate Services | 9.36% | 79.16% | 8.67% | -2.55% | -0.28% | -1.19% | 4.61% |
| BSR Real Estate Investment Trust | 3.92% | -15.08% | -2.38% | 0.68% | -0.26% | 0.00% | 0.00% |
| Chesswood | 2.22% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 5.95% | 110.41% | 9.43% | 0.93% | 0.10% | 3.92% | 0.00% |
| SmartCentres Real Estate Investment Trust | 5.44% | 97.93% | 15.71% | 0.82% | 0.05% | 2.05% | 27.49% |
| Dynex Capital | 13.50% | 122.93% | 10.89% | 0.83% | 0.09% | 16.72% | 3.37% |
| Ellington Residential Mortgage REIT | 14.50% | 408.60% | 32.35% | 0.92% | 0.03% | -7.92% | -1.70% |
| Ellington Financial | 13.24% | 124.80% | 8.47% | 0.67% | 0.08% | 1.88% | -7.27% |
| EPR Properties | 7.41% | 138.65% | 17.27% | 1.44% | 0.08% | -5.24% | 0.44% |
| Exchange Income | 4.79% | 105.78% | 22.54% | 2.08% | 0.09% | 3.15% | 4.22% |
| Extendicare | 4.89% | 67.47% | 15.28% | 8.51% | 0.62% | 0.92% | 25.05% |
| First National Financial | 7.41% | 105.81% | 14.04% | 3.50% | 0.24% | 2.02% | 10.63% |
| Freehold Royalties | 8.08% | 108.56% | 13.77% | 2.23% | 0.16% | 12.69% | 19.76% |
| Firm Capital Property Trust | 8.68% | 82.87% | 9.54% | 0.73% | 0.08% | 0.00% | 0.00% |
| Fortitude Gold | 8.41% | 544.25% | 64.83% | 1.22% | 0.02% | 0.00% | 0.00% |
| Generation Income Properties | 15.68% | -27.22% | -1.26% | 1.19% | -0.64% | 0.00% | 0.00% |
| Gladstone Capital | 6.45% | 56.63% | 7.34% | 1.25% | 0.18% | 3.11% | 1.54% |
| Gladstone Commercial | 6.96% | 339.26% | 38.49% | 4.12% | 0.09% | -4.36% | -2.21% |
| Gladstone Investment | 19.97% | 306.01% | 21.91% | 1.08% | 0.05% | 21.51% | 14.50% |
| Gladstone Land | 4.66% | 505.67% | 48.96% | 0.62% | 0.01% | 0.81% | -9.42% |
| Global Water Resources | 2.28% | 112.11% | 49.16% | 6.53% | 0.13% | 1.02% | 0.00% |
| Granite Real Estate Investment Trust | 4.32% | 89.79% | 20.91% | 0.88% | 0.04% | 3.28% | 4.29% |
| H&R Real Estate Investment Trust | 6.80% | -85.47% | -12.95% | 0.55% | -0.04% | -12.55% | 16.82% |
| Horizon Technology Finance | 16.29% | -1198.16% | -88.90% | 1.00% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 8.16% | 58.40% | 9.26% | 1.77% | 0.20% | -23.03% | -7.33% |
| Keyera | 4.15% | 134.64% | 30.34% | 3.72% | 0.12% | 1.85% | 14.81% |
| LTC Properties | 5.97% | 97.52% | 16.56% | 1.77% | 0.11% | 0.00% | 1.81% |
| Sienna Senior Living | 5.48% | 237.77% | 43.39% | 3.41% | 0.08% | 0.62% | 0.39% |
| Main Street Capital | 9.33% | 110.99% | 13.07% | 1.69% | 0.14% | 5.33% | 3.28% |
| Modiv | 6.92% | 500.26% | 68.86% | 0.83% | 0.01% | 0.00% | 0.00% |
| Mullen | 4.85% | 52.32% | 11.04% | 1.34% | 0.12% | 3.71% | -4.98% |
| Northland Power | 4.37% | 144.62% | 35.90% | 1.21% | 0.03% | -0.75% | -1.88% |
| Orchid Island Capital | 18.30% | 133.92% | 8.97% | 0.87% | 0.12% | 10.96% | 2.58% |
| Oxford Square Capital | 14.63% | -646.33% | -39.61% | 1.17% | -0.03% | -7.56% | -7.36% |
| Peyto Exploration & Development | 8.67% | 84.26% | 10.26% | 1.13% | 0.11% | 14.02% | 29.29% |
| Pine Cliff Energy | 13.99% | -980.13% | -77.88% | 3.97% | -0.04% | 0.00% | 0.00% |
| Paramount Resources | 6.19% | 62.93% | 11.31% | 1.09% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 16.44% | 246.75% | 12.49% | 0.36% | 0.03% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.21% | 103.88% | 13.82% | 1.45% | 0.11% | -0.51% | -1.48% |
| Realty Income | 5.51% | 291.48% | 55.97% | 1.28% | 0.02% | 3.00% | 3.46% |
| RioCan Real Estate Investment Trust | 6.01% | 547.70% | 95.63% | 0.76% | 0.01% | -4.76% | 21.89% |
| SL Green Realty | 3.73% | -151.10% | -37.72% | 1.55% | -0.04% | -0.36% | 8.04% |
| SLR Investment | 12.73% | 149.16% | 11.75% | 0.88% | 0.08% | 0.01% | -1.96% |
| Whitecap Resources | 7.41% | 49.70% | 6.92% | 1.08% | 0.16% | 12.76% | -2.75% |
| Slate Grocery REIT | 8.64% | 173.97% | 14.54% | 0.65% | 0.04% | 0.54% | 0.00% |
| STAG Industrial | 4.08% | 152.38% | 36.62% | 2.00% | 0.05% | 0.71% | 2.06% |
| Timbercreek Financial | 9.04% | 95.50% | 10.78% | 0.91% | 0.08% | 0.00% | 0.00% |
| Tamarack Valley Energy | 3.46% | 38.59% | 11.04% | 1.08% | 0.10% | 0.00% | 0.00% |
| U.S. Global Investors | 4.48% | 69.08% | 18.87% | 0.71% | 0.04% | 24.30% | 4.02% |
| Whitestone REIT | 3.34% | 114.97% | 34.72% | 1.75% | 0.05% | -15.89% | -7.48% |