Are you looking to get paid monthly for your stock portfolio? Most dividends paying stocks only pay their shareholders on a quarterly basis. Today we are going to be looking at our favorite monthly dividend stocks.

Pembina Pipeline Corporation

If you are interested in owning a part of one of the largest oil transportation companies in North America, look no further. Founded in 1954, Pembina is an integral part of our fossil fuel driven economy. With their recent acquisition of KMI’s Canadian portion, they are poised to grow even larger in coming years.

Currently PBA has an annual dividend of $1.88 with an forward yield of 7.44%. This results in a monthly dividend of $0.157 per share that you own. As of this writing PBA is currently trading at $25.28. If you invested $1,000 into PBA you would be creating a monthly income of $6.21.

Shaw Communication Corp

Shaw Communication is a telecommunication company that has been around for over 50 years. They have both a wireline and wireless line of service to serve more customers. Shaw Mobile is relatively recent addition their lineup and will be sure to drive profits in the future. Not a bad idea for steady monthly dividend stocks.

Currently SJR has an annual dividend of $0.88 with a forward yield of 4.64%. This results in a monthly dividend of .073 per share that you own. As of this writing SJR is currently trading at $18.96. If you invested $1,000 into SJR you would be creating a monthly income of $3.85.

Stag Industrial Inc.

Stag Industrial is a REIT specializing in single tenant industrial buildings. As of this writing, Stag owns 457 buildings in 38 different states. While most REITs are worried how the pandemic is going to effect their business, Stag has been signing early lease renewal contracts with most of their clients.

Currently STAG has an annual dividend of $1.44 with a forward yield of 4.43%. This results in a monthly dividend of .12 per share that you own. As of this writing STAG is currently trading at $32.53. If you invested $1,000 into STAG you would be creating a monthly income of $3.69.

SL Green Realty Corp

SL Green Realty Corp is New York City’s largest landlord. If you are looking to own a piece of New York City’s real estate without being able to afford whole building, look no further! SL Green Realty Corp has interest in 46.4 million square feet of real estate in Manhattan. SL Green also has interest in 7 suburban properties outside of Manhattan. SLG is one of the more recent additions o this list but hopefully, won’t be going away any time soon.

Currently SLG has an annual dividend of $3.54 with a forward yield of 7.24%. This results in a monthly dividend of $0.295 per share that you own. As of this writing SLG is currently trading at $48.91. If you invested $1,000 into SLG you would be creating a monthly income of $6.03.

Sabine Royalty Trust

Sabine Royalty Trust holds minerals and oil rights across various properties in the United States. The way mineral and oil rights work here in the States, they can be held by a third party while you use the land for anything that is not excluded from building a house. This is why you see lots of properties in oil rich areas don’t include mineral rights when you buy the house. If you are able to get mineral rights or oil rights and get lucky, you may not need these monthly dividend stocks.

Currently SBR has an annual dividend of $1.22 with a forward yield of 3.89%. This results in a monthly dividend of .1556 per share that you own. As of this writing SBR is currently trading at $31.37. If you invested $1,000 into SBR you would be creating a monthly income of $4.96.

Dynex Capital Inc

Dynex Capital is a little bit different than the other REITs on this list. That is because their primary form of business is the buying and selling of mortgage backed securities rather the properties themselves. This puts them in a unique position to utilize leverage and liquidity in comparison to a REIT that owns the physical property.

Currently DX has an annual dividend of $1.56 with a forward yield of 9.76%. This results in a monthly dividend of .13 per share that you own. As of this writing DX is currently trading at $15.98. If you invested $1,000 into DX you would be creating a monthly income of $8.14.

Horizon Technology Finance Corporation

Horizon Technology specializes in debt and investments in early stage companies. Some of their portfolio includes companies like AccuMetrics, Social Intelligence and Enphase Energy. Horizon pays a reliable dividend and can really see significant growth if they are able to grow their portfolio strategically.

Currently HRZN has an annual dividend of $1.20 with a forward yield of 9.98%. This results in a monthly dividend of .10 per share that you own. As of this writing HRZN is currently trading at $12.02. If you invested $1,000 into HRZN you would be creating a monthly income of $8.32.

Main Street Capital Corporation

Main Street Capital focuses on debt and strategic investments in small and lower middle market. They also prefer to invest in the ‘basic’ or traditional style business rather than the high flying unproven business models. Doing so allows Main Street Capital to have a very specific market sector that they invest in and they have performed well in doing so.

Currently MAIN has an annual dividend of $2.46 with a forward yield of 8.04%. This results in a monthly dividend of .20 per share that you own. As of this writing MAIN is currently trading at $30.61. If you invested $1,000 into MAIN you would be creating a monthly income of $6.53.

Gladstone Capital Corporation

Gladstone Capital works in the same markets as Main Street Capital. However, they also use private equity for acquisitions, buyouts or restructuring of debt. Working in similar markets as Main Street Capital, both of these companies are providing a financing need to a large segment of the market.

Currently GLAD has an annual dividend of $.78 with a forward yield of 10.21%. This results in a monthly dividend of .07 per share that you own. As of this writing GLAD is currently trading at $7.64. If you invested $1,000 into GLAD you would be creating a monthly income of $9.16.

Realty Income

Realty Income, or the Monthly Dividend Company, is probably the most famous monthly dividend stock. They are so famous for it they are starting to brand their company that way. Realty Income derives it’s income from operating leases at 5,700 properties nationwide. They have paid over 500 consecutive monthly dividend payments and show no sign of slowing down.

Currently O has an annual dividend of $2.80 with a forward yield of 4.41%. This results in a monthly dividend of .23 per share that you own. As of this writing O is currently trading at $63.44. If you invested $1,000 into O you would be creating a monthly income of $3.63.

Monthly Dividend Stocks

There you have our list of our monthly dividend stocks. If dividends each month aren’t enough for you, we also wrote about the weekly dividend portfolio. How many of these are you currently holding in your portfolio? If you have any let me know in the comments below!

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