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 | 4.23% | 166.03% | 39.20% | 1.33% | 0.04% | 5.64% | 5.60% |
| AGNC Investment | 13.81% | 101.04% | 7.30% | 0.87% | 0.13% | -6.36% | -5.77% |
| Atrium Mortgage Investment | 8.45% | 96.52% | 10.12% | 0.96% | 0.10% | 0.39% | 0.94% |
| Apple Hospitality REIT | 6.63% | 151.97% | 17.87% | 1.11% | 0.10% | -1.69% | 0.00% |
| ARMOUR Residential REIT | 15.02% | -1131.94% | -66.26% | 0.70% | -0.01% | 5.92% | 16.98% |
| Diversified Royalty | 6.62% | 105.25% | 15.24% | 1.68% | 0.11% | 2.12% | 20.90% |
| Bridgemarq Real Estate Services | 7.23% | -398.26% | -113.63% | -5.30% | 0.05% | -1.74% | -0.97% |
| BSR Real Estate Investment Trust | 4.64% | -19.01% | -2.60% | 0.62% | -0.22% | 1.41% | 0.00% |
| Chesswood | -% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 6.28% | 71.84% | 12.60% | 1.88% | 0.15% | 3.77% | 4.35% |
| SmartCentres Real Estate Investment Trust | 5.37% | 113.04% | 17.99% | 0.81% | 0.05% | 3.38% | -0.45% |
| Dynex Capital | 12.69% | 122.93% | 12.00% | 0.91% | 0.09% | 2.30% | 4.68% |
| Ellington Residential Mortgage REIT | 14.72% | 91.67% | 7.93% | 0.87% | 0.14% | -4.04% | -7.96% |
| Ellington Financial | 12.16% | 121.49% | 8.43% | 0.70% | 0.09% | -2.44% | -6.34% |
| EPR Properties | 7.07% | 138.65% | 18.27% | 1.52% | 0.08% | -5.45% | -0.06% |
| Exchange Income | 5.06% | 101.94% | 20.34% | 1.95% | 0.10% | 3.46% | 4.56% |
| Extendicare | 4.37% | 62.60% | 15.17% | 8.52% | 0.64% | 2.96% | -2.14% |
| First National Financial | 7.33% | 105.81% | 13.13% | 3.27% | 0.24% | 4.20% | 7.15% |
| Freehold Royalties | 8.76% | 122.69% | 14.37% | 2.11% | 0.14% | 9.45% | -6.35% |
| Firm Capital Property Trust | 8.77% | 54.95% | 6.41% | 0.73% | 0.12% | -0.43% | 0.00% |
| Fortitude Gold | 8.01% | 544.25% | 62.33% | 1.17% | 0.02% | 0.00% | 0.00% |
| Generation Income Properties | 9.10% | -32.16% | -0.94% | 1.50% | -0.94% | 0.00% | 0.00% |
| Gladstone Capital | 8.15% | 51.40% | 6.40% | 1.33% | 0.22% | 20.50% | 9.77% |
| Gladstone Commercial | 7.40% | 288.95% | 32.70% | 4.11% | 0.11% | -4.36% | -2.21% |
| Gladstone Investment | 6.87% | 111.49% | 7.33% | 1.05% | 0.15% | -1.32% | 2.23% |
| Gladstone Land | 4.79% | 304.61% | 28.76% | 0.61% | 0.02% | 0.93% | 4.51% |
| Global Water Resources | 2.68% | 112.11% | 42.03% | 5.58% | 0.13% | 1.00% | 0.00% |
| Granite Real Estate Investment Trust | 4.60% | 67.18% | 13.94% | 0.79% | 0.06% | 2.83% | 4.78% |
| H&R Real Estate Investment Trust | 7.37% | -153.17% | -21.80% | 0.49% | -0.02% | -14.55% | -8.54% |
| Horizon Technology Finance | 12.78% | -1198.16% | -93.34% | 1.05% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 7.53% | 54.62% | 8.70% | 1.69% | 0.20% | -9.12% | -0.54% |
| Keyera | 4.98% | 96.06% | 19.88% | 3.42% | 0.17% | -0.85% | -5.07% |
| LTC Properties | 6.56% | 97.52% | 15.07% | 1.61% | 0.11% | 0.00% | 1.12% |
| Sienna Senior Living | 5.93% | 222.95% | 38.99% | 2.46% | 0.08% | 0.23% | 0.39% |
| Main Street Capital | 6.65% | 66.15% | 11.49% | 2.02% | 0.18% | 7.11% | 4.89% |
| Modiv | 7.77% | 661.21% | 62.23% | 0.75% | 0.01% | 0.00% | 0.00% |
| Mullen | 5.69% | 59.47% | 10.74% | 1.19% | 0.11% | 5.12% | -4.34% |
| Northland Power | 5.11% | -305.95% | -63.74% | 1.06% | -0.02% | -0.64% | -1.09% |
| Orchid Island Capital | 16.42% | 143.57% | 10.71% | 0.97% | 0.11% | 8.45% | -3.97% |
| Oxford Square Capital | 15.00% | -525.54% | -38.65% | 1.14% | -0.03% | -12.16% | -9.66% |
| Peyto Exploration & Development | 8.54% | 88.45% | 10.63% | 1.13% | 0.11% | 38.89% | -0.68% |
| Pine Cliff Energy | 9.39% | -211.98% | -20.33% | 4.73% | -0.18% | 0.00% | 0.00% |
| Paramount Resources | 5.17% | 64.76% | 13.06% | 1.30% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 15.45% | 927.19% | 47.90% | 0.38% | 0.01% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.41% | 105.14% | 13.62% | 1.42% | 0.10% | -0.07% | -0.62% |
| Realty Income | 5.69% | 291.48% | 54.67% | 1.25% | 0.02% | 1.09% | 2.73% |
| RioCan Real Estate Investment Trust | 6.05% | 143.27% | 24.66% | 0.76% | 0.03% | -2.26% | -4.44% |
| SL Green Realty | 4.67% | 657.51% | 184.15% | 1.15% | 0.01% | -2.62% | 3.66% |
| SLR Investment | 9.32% | 92.46% | 9.92% | 0.97% | 0.10% | 0.00% | 0.25% |
| Whitecap Resources | 7.59% | 49.70% | 6.71% | 1.05% | 0.16% | 14.83% | -2.10% |
| Slate Grocery REIT | 8.67% | 130.27% | 14.86% | 0.88% | 0.06% | 0.19% | 0.00% |
| STAG Industrial | 4.23% | 145.33% | 33.70% | 1.84% | 0.06% | 0.69% | 1.38% |
| Timbercreek Financial | 9.92% | 95.50% | 9.61% | 0.81% | 0.08% | -1.15% | 0.00% |
| Tamarack Valley Energy | 3.30% | 38.59% | 11.62% | 1.13% | 0.10% | 0.00% | 0.00% |
| U.S. Global Investors | 3.69% | 244.20% | 64.71% | 0.70% | 0.01% | 24.57% | 4.14% |
| Whitestone REIT | 3.69% | 114.97% | 32.14% | 1.62% | 0.05% | -14.01% | -8.07% |