Top 5 Monthly Dividend Stocks

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Top 5 Monthly Dividend Stocks

While dividends are normally paid to stockholders on a quarterly basis or yearly basis, some equities pay dividends monthly. Those who reinvest monthly dividend can grow their positions more quickly by using the cash to repurchase shares of stock.

Realty Income Corporation

Realty Income Corporation (O) is a real estate investment trust (REIT) with some 5,900+ Properties Under Long-term Net Lease Agreements with commercial tenants.
Since 1995, the company has been paying monthly dividends, supported by the cash flow generated by its property holdings.

It has increased dividends 102 times since first going public.

Shaw Communications Inc

Canadian cable company Shaw Communications (SJR) has succeeded in growing its dividends for more than 10 years, thanks to its multiple business lines that include broadband Internet, Wi-Fi, digital phone services, and video services.

  • Average volume: 660,792
  • Market cap: $9.851 billion
  • P/E ratio (TTM): 257.84
  • EPS (TTM): $0.07
  • Dividend and yield: $0.90 (4.56%)

Pembina Pipeline Corporation

Pembina Pipeline (PBA) provides transportation and midstream services for the North American energy industry. Its three business silos include facilities, new ventures, and pipelines. 

Even so, the company has grown its dividend for the past five years and currently pays 5.09%.

  • Average volume: 469,989
  • Market cap: $18.555 billion
  • P/E ratio (TTM): 19.79
  • EPS (TTM): $1.83
  • Dividend and yield: $1.82 (4.98%)

Gladstone Commercial Corporation

Gladstone Commercial Corporation (GOODO), operates net leased industrial and office properties and has made regular monthly dividend payouts since 2005.

As of April 2019, Gladstone has paid 172 consecutive monthly cash distributions on its common stock. It likewise has paid 160 consecutive monthly cash distributions on its Series A Preferred Stock, 151 consecutive monthly cash distributions on its Series B Preferred Stock, and 36 consecutive monthly cash distributions on its Series D Preferred Stock.

  • Average volume: 1,475
  • Market cap: $660.41 million
  • P/E ratio (TTM): 1,247.73
  • EPS (TTM): $0.02
  • Dividend and yield: $1.88 (6.88%)

Gladstone Investment Corporation

Gladstone Investment (GAIN), which focuses on buyouts and recapitalizations of companies, has grown its dividend for over five years. This, coupled with rosy prospects for a robust buyout market moving forward, make this monthly income stock an attractive prospect for income-seeking investors.

  • Average volume: 128,850
  • Market cap: $373.52 million
  • P/E ratio (TTM): 6.75
  • EPS (TTM): $1.68
  • Dividend and Yield: $0.82 (7.08%)

More Investing and dividend stocks tips please look at Investing Category and Stock Category.

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