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 | 4.01% | 161.58% | 39.50% | 1.42% | 0.04% | 6.25% | 5.93% |
| AGNC Investment | 14.77% | 101.04% | 6.83% | 0.82% | 0.13% | -7.79% | -9.13% |
| Atrium Mortgage Investment | 7.96% | 96.52% | 10.68% | 1.02% | 0.10% | 0.00% | 0.57% |
| Apple Hospitality REIT | 6.19% | 151.97% | 19.15% | 1.19% | 0.10% | -4.92% | 0.00% |
| ARMOUR Residential REIT | 16.16% | 135.94% | 7.38% | 0.74% | 0.11% | -2.98% | 9.24% |
| Diversified Royalty | 6.01% | 105.25% | 16.44% | 1.81% | 0.11% | 2.46% | 0.00% |
| Bridgemarq Real Estate Services | 6.47% | -398.26% | -128.91% | -6.01% | 0.05% | -1.19% | 4.61% |
| BSR Real Estate Investment Trust | 4.00% | -19.01% | -2.96% | 0.71% | -0.22% | 10.93% | 0.00% |
| Chesswood | 2.22% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 5.99% | 110.41% | 20.36% | 2.01% | 0.10% | 3.92% | 0.00% |
| SmartCentres Real Estate Investment Trust | 7.48% | 201.08% | 31.35% | 0.80% | 0.03% | 2.05% | 27.49% |
| Dynex Capital | 13.68% | 122.93% | 10.88% | 0.83% | 0.09% | 16.72% | 3.37% |
| Ellington Residential Mortgage REIT | 14.26% | 91.67% | 8.19% | 0.90% | 0.14% | -7.92% | -1.70% |
| Ellington Financial | 13.14% | 121.49% | 8.10% | 0.68% | 0.09% | 1.88% | -7.27% |
| EPR Properties | 7.41% | 138.65% | 17.28% | 1.44% | 0.08% | -5.24% | 0.44% |
| Exchange Income | 4.66% | 101.94% | 22.06% | 2.12% | 0.10% | 3.15% | 4.22% |
| Extendicare | 4.76% | 62.60% | 14.08% | 7.91% | 0.64% | 0.92% | 25.05% |
| First National Financial | 7.13% | 105.81% | 14.57% | 3.63% | 0.24% | 2.02% | 10.63% |
| Freehold Royalties | 7.79% | 122.69% | 16.39% | 2.40% | 0.14% | 10.18% | -7.10% |
| Firm Capital Property Trust | 8.59% | 54.95% | 6.40% | 0.73% | 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 | 14.84% | -32.16% | -1.01% | 1.61% | -0.94% | 0.00% | 0.00% |
| Gladstone Capital | 7.27% | 45.55% | 6.27% | 1.24% | 0.21% | 3.19% | 1.58% |
| Gladstone Commercial | 6.90% | 339.26% | 41.17% | 4.43% | 0.09% | -4.36% | -2.21% |
| Gladstone Investment | 13.82% | 182.05% | 12.81% | 1.07% | 0.08% | 21.51% | 14.50% |
| Gladstone Land | 4.80% | 304.61% | 28.66% | 0.60% | 0.02% | 2.44% | -8.70% |
| Global Water Resources | 2.27% | 112.11% | 49.53% | 6.58% | 0.13% | 1.02% | 0.00% |
| Granite Real Estate Investment Trust | 4.31% | 67.18% | 15.54% | 0.88% | 0.06% | 3.28% | 4.29% |
| H&R Real Estate Investment Trust | 7.36% | -70.00% | -9.96% | 0.53% | -0.05% | -12.55% | 16.82% |
| Horizon Technology Finance | 15.98% | -1198.16% | -87.66% | 0.99% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 7.84% | 54.62% | 8.50% | 1.65% | 0.20% | -23.03% | -7.33% |
| Keyera | 4.65% | 103.57% | 23.26% | 3.66% | 0.16% | 1.85% | -9.89% |
| LTC Properties | 6.04% | 97.52% | 16.36% | 1.75% | 0.11% | 0.00% | 1.81% |
| Sienna Senior Living | 5.61% | 222.95% | 41.22% | 2.60% | 0.08% | 0.62% | 0.39% |
| Main Street Capital | 7.39% | 81.89% | 10.22% | 1.80% | 0.18% | 5.33% | 3.28% |
| Modiv | 6.88% | 661.21% | 69.28% | 0.84% | 0.01% | 0.00% | 0.00% |
| Mullen | 4.88% | 52.32% | 11.12% | 1.35% | 0.12% | 3.71% | -4.98% |
| Northland Power | 4.61% | -305.95% | -71.58% | 1.19% | -0.02% | -0.75% | -1.88% |
| Orchid Island Capital | 18.16% | 143.57% | 9.69% | 0.87% | 0.11% | 10.96% | 2.58% |
| Oxford Square Capital | 15.73% | -525.54% | -36.85% | 1.08% | -0.03% | -7.56% | -7.36% |
| Peyto Exploration & Development | 8.00% | 88.45% | 11.51% | 1.22% | 0.11% | 12.07% | 1.36% |
| Pine Cliff Energy | 9.04% | -211.98% | -21.11% | 4.91% | -0.18% | 0.00% | 0.00% |
| Paramount Resources | 5.49% | 64.76% | 12.99% | 1.30% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 14.97% | 2965.90% | 168.04% | 0.58% | 0.00% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.21% | 105.14% | 14.20% | 1.48% | 0.10% | -0.51% | -1.48% |
| Realty Income | 5.56% | 291.48% | 55.60% | 1.27% | 0.02% | 3.00% | 3.46% |
| RioCan Real Estate Investment Trust | 6.17% | 143.27% | 24.30% | 0.74% | 0.03% | -4.76% | 21.89% |
| SL Green Realty | 3.83% | -157.47% | -36.25% | 1.37% | -0.04% | -0.36% | 8.04% |
| SLR Investment | 9.86% | 92.46% | 9.38% | 0.91% | 0.10% | 0.01% | -1.96% |
| Whitecap Resources | 7.66% | 49.70% | 6.72% | 1.05% | 0.16% | 12.76% | -2.75% |
| Slate Grocery REIT | 8.14% | 157.96% | 19.38% | 0.95% | 0.05% | 0.54% | 0.00% |
| STAG Industrial | 4.13% | 152.42% | 36.20% | 1.98% | 0.05% | 0.71% | 2.06% |
| Timbercreek Financial | 8.83% | 95.50% | 11.04% | 0.93% | 0.08% | 0.00% | 0.00% |
| Tamarack Valley Energy | 3.40% | 38.59% | 11.27% | 1.10% | 0.10% | 0.00% | 0.00% |
| U.S. Global Investors | 3.61% | 69.08% | 18.72% | 0.71% | 0.04% | 24.30% | 4.02% |
| Whitestone REIT | 3.30% | 114.97% | 35.14% | 1.77% | 0.05% | -15.89% | -7.48% |