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 | 4.14% | 161.58% | 38.29% | 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 | 6.63% | 105.25% | 15.25% | 1.70% | 0.11% | 2.12% | 20.90% |
| 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 | -% | -19.39% | -0.45% | 0.10% | -0.19% | -12.13% | -4.87% |
| CT Real Estate Investment Trust | 6.48% | 110.41% | 18.91% | 1.87% | 0.10% | 3.77% | 4.35% |
| SmartCentres Real Estate Investment Trust | 7.97% | 201.08% | 29.67% | 0.76% | 0.03% | 3.38% | -0.45% |
| Dynex Capital | 13.61% | 122.93% | 11.06% | 0.84% | 0.09% | 2.30% | 4.68% |
| Ellington Residential Mortgage REIT | 14.56% | 91.67% | 8.03% | 0.88% | 0.14% | -4.04% | -7.96% |
| Ellington Financial | 12.77% | 121.49% | 8.13% | 0.68% | 0.09% | -2.44% | -6.34% |
| EPR Properties | 7.25% | 138.65% | 17.75% | 1.48% | 0.08% | -5.45% | -0.06% |
| Exchange Income | 4.92% | 101.94% | 20.92% | 2.01% | 0.10% | 3.46% | 4.56% |
| Extendicare | 4.89% | 62.60% | 13.91% | 7.82% | 0.64% | 2.96% | -2.14% |
| First National Financial | 7.35% | 105.81% | 13.07% | 3.25% | 0.24% | 4.20% | 7.15% |
| Freehold Royalties | 8.66% | 122.69% | 14.87% | 2.18% | 0.14% | 9.45% | -6.35% |
| Firm Capital Property Trust | 9.37% | 54.95% | 5.86% | 0.67% | 0.12% | 2.43% | 0.00% |
| Fortitude Gold | 10.14% | 544.25% | 58.25% | 1.09% | 0.02% | 0.00% | 0.00% |
| Generation Income Properties | 11.34% | -32.16% | -0.94% | 1.57% | -0.94% | 0.00% | 0.00% |
| Gladstone Capital | 8.03% | 45.55% | 6.82% | 1.36% | 0.21% | 20.50% | 9.77% |
| Gladstone Commercial | 7.32% | 288.95% | 33.09% | 4.15% | 0.11% | -4.36% | -2.21% |
| Gladstone Investment | 7.22% | 182.05% | 12.79% | 1.07% | 0.08% | -1.32% | 2.23% |
| Gladstone Land | 5.19% | 304.61% | 26.49% | 0.56% | 0.02% | 0.93% | 4.51% |
| Global Water Resources | 2.53% | 112.11% | 44.45% | 5.91% | 0.13% | 1.00% | 0.00% |
| Granite Real Estate Investment Trust | 4.82% | 67.18% | 13.97% | 0.79% | 0.06% | 3.36% | 5.05% |
| H&R Real Estate Investment Trust | 8.12% | -70.00% | -9.23% | 0.49% | -0.05% | -14.55% | -8.54% |
| Horizon Technology Finance | 14.84% | -1198.16% | -87.38% | 0.99% | -0.01% | 0.00% | 0.00% |
| Itaú Unibanco | 8.54% | 54.62% | 8.14% | 1.58% | 0.20% | -9.12% | -0.54% |
| Keyera | 5.12% | 103.57% | 21.49% | 3.38% | 0.16% | -0.85% | -5.07% |
| LTC Properties | 6.53% | 97.52% | 15.14% | 1.62% | 0.11% | 0.00% | 1.12% |
| Sienna Senior Living | 6.26% | 222.95% | 36.94% | 2.36% | 0.08% | 0.23% | 0.39% |
| Main Street Capital | 6.86% | 66.15% | 11.10% | 1.95% | 0.18% | 7.11% | 4.89% |
| Modiv | 7.69% | 661.21% | 62.82% | 0.75% | 0.01% | 0.00% | 0.00% |
| Mullen | 5.13% | 52.32% | 10.71% | 1.30% | 0.12% | 5.12% | -4.34% |
| Northland Power | 4.52% | -305.95% | -72.57% | 1.21% | -0.02% | -0.64% | -1.09% |
| Orchid Island Capital | 18.00% | 143.57% | 9.77% | 0.88% | 0.11% | 8.45% | -3.97% |
| Oxford Square Capital | 15.91% | -525.54% | -36.44% | 1.08% | -0.03% | -12.16% | -9.66% |
| Peyto Exploration & Development | 8.52% | 88.45% | 10.90% | 1.15% | 0.11% | 38.89% | -0.68% |
| Pine Cliff Energy | 10.58% | -211.98% | -22.17% | 5.16% | -0.18% | 0.00% | 0.00% |
| Paramount Resources | 6.07% | 64.76% | 12.20% | 1.22% | 0.10% | 0.00% | 0.00% |
| Prospect Capital | 15.99% | 2965.90% | 152.17% | 0.53% | 0.00% | 0.00% | 0.00% |
| Pizza Pizza Royalty | 7.64% | 105.14% | 13.52% | 1.41% | 0.10% | -0.07% | -0.62% |
| Realty Income | 5.74% | 291.48% | 54.07% | 1.24% | 0.02% | 1.09% | 2.73% |
| RioCan Real Estate Investment Trust | 6.39% | 143.27% | 23.89% | 0.73% | 0.03% | -2.26% | -4.44% |
| SL Green Realty | 4.52% | -157.47% | -30.57% | 1.16% | -0.04% | -2.62% | 3.66% |
| SLR Investment | 9.80% | 92.46% | 9.44% | 0.92% | 0.10% | 0.00% | 0.25% |
| Whitecap Resources | 7.66% | 49.70% | 6.78% | 1.06% | 0.16% | 14.83% | -2.10% |
| Slate Grocery REIT | 9.38% | 157.96% | 16.83% | 0.83% | 0.05% | 0.19% | 0.00% |
| STAG Industrial | 4.25% | 152.42% | 35.19% | 1.91% | 0.05% | 0.69% | 1.38% |
| Timbercreek Financial | 10.61% | 95.50% | 9.64% | 0.81% | 0.08% | -0.68% | 0.00% |
| Tamarack Valley Energy | 3.24% | 38.59% | 11.83% | 1.15% | 0.10% | 0.00% | 0.00% |
| U.S. Global Investors | 3.68% | 69.08% | 18.40% | 0.68% | 0.04% | 24.57% | 4.14% |
| Whitestone REIT | 3.65% | 114.97% | 32.18% | 1.62% | 0.05% | -14.01% | -8.07% |