Top Monthly Dividend Stocks to Boost Your Portfolio

Investing in monthly dividend stocks can be a smart way to grow your income steadily. These stocks pay dividends every month, which makes them a great option for those looking for regular cash flow. Whether you’re planning for retirement or simply want extra income, they offer a dependable source of returns. This guide highlights some of the top monthly dividend stocks, helping you choose options that suit your financial goals while building a stable and diversified portfolio.

Realty Income Corporation (O)

Investors focused on income should consider Realty Income Corporation because it functions as "The Monthly Dividend Company." The company under the REIT designation specializes in high-quality commercial assets and boasts an impressive history of monthly dividend payouts.

The portfolio of Realty Income incorporates commercial properties which house reputable creditworthy tenants from retail sector as well as healthcare services and manufacturing. The stable dividend performance of this company establishes it as a preferred choice for people who need long-term consistent income.

2. Main Street Capital Corporation (MAIN)

The business development company Main Street Capital Corporation (MAIN) operates as a leading monthly dividend stock which invests capital into smaller companies throughout multiple business sectors. The company applies debt funds and equity financing to lend capital which enables it to collect dividends while taxing interest charges from business entities.

Main Street Capital has a diverse investment portfolio with over 200 companies, reducing the risk of relying on one specific industry for returns. The company’s consistent and growing dividends have made it a favorite among income-oriented investors.

3. STAG Industrial Inc. (STAG)

STAG Industrial Inc. is an industrial REIT focused on single-tenant properties leased to industrial tenants across various industries such as manufacturing, distribution, and logistics. As e-commerce continues to grow, demand for these types of properties is expected to increase, making STAG a strong choice for long-term investors.

The company pays monthly dividends and has consistently increased its dividend payouts since its initial public offering in 2011. With a diverse portfolio of over 400 properties spread across 38 states, STAG offers both stability and growth potential for investors.

4. Global Water Resources Inc. (GWRS)

Global Water Resources Inc. is a unique monthly dividend stock that operates as a water resource management company. The company provides water solutions to cities, communities, and industrial customers in Arizona through its regulated utilities and non-regulated businesses.

As the demand for water continues to rise, Global Water Resources is well-positioned to benefit from this trend. The company has a strong track record of increasing its dividend payments and offers a unique opportunity for investors seeking exposure to the essential water industry.

5. Pembina Pipeline Corporation (PBA)

Pembina Pipeline Corporation is a Canadian energy infrastructure company that transports crude oil, natural gas, and other hydrocarbons across North America through its pipelines and terminals. The company also provides storage, processing, and marketing services for these resources.

Pembina offers monthly dividends with a consistent track record of growth over the years. As one of the largest energy infrastructure companies in Canada, Pembina is a reliable choice for investors seeking exposure to the energy sector while also receiving steady income.

6. AGNC Investment Corp (AGNC)

AGNC Investment Corp is a mortgage REIT that invests in government-backed mortgages through its subsidiaries. The company generates income from interest payments on these mortgages, which allows it to pay monthly dividends to its shareholders.

With a strong portfolio of investments and a focus on risk management, AGNC has maintained consistent dividend payouts over the years. As interest rates continue to remain low, the company’s business model remains favorable for generating stable income.

7. Apple Hospitality REIT Inc. (APLE)

Apple Hospitality REIT Inc. is a real estate investment trust that owns over 230 hotels across the United States. The company’s portfolio includes popular hotel brands such as Marriott, Hilton, and Hyatt, providing a diverse stream of income from different sources.

As travel and tourism continue to rebound, Apple Hospitality REIT is well-positioned to benefit from this trend. The company offers monthly dividends with a strong track record of consistent payouts and has demonstrated resilience during economic downturns.

8. Gladstone Investment Corporation (GAIN)

Gladstone Investment Corporation is another business development company that provides debt and equity capital to small and medium-sized businesses in the United States. The company’s diverse portfolio includes investments in various industries such as healthcare, consumer products, and business services.

Gladstone Investment has a long history of increasing its dividend payments and offers monthly dividends to its shareholders. With a focus on strategic acquisitions and strong risk management practices, the company presents an opportunity for investors seeking income and growth potential.

9. Shaw Communications Inc. (SJR)

Shaw Communications Inc. is a Canadian telecommunications company that provides internet, television, and phone services to residential and commercial customers. The company also owns and operates wireless networks across Western Canada.

Shaw Communications offers monthly dividends with a consistent track record of growth over the years. As technology continues to play an essential role in our daily lives, the demand for telecommunication services is expected to remain strong, making Shaw Communications a stable choice for investors seeking income.

LTC Properties Inc. (LTC)

LTC Properties Inc. is a healthcare REIT that invests in senior housing and long-term care properties across the United States. The company’s portfolio includes over 200 properties and offers a diverse stream of income from different types of healthcare facilities.

As the population ages, demand for senior housing and long-term care facilities is expected to increase, making LTC Properties a valuable investment for the future. The company pays monthly dividends with a consistent track record of growth, making it an attractive choice for income-oriented investors.

Final Thoughts

Monthly dividend stocks offer a unique opportunity for investors to generate steady income while also diversifying their portfolios. With the companies mentioned above, investors can find stable and growing dividends from various industries such as real estate, energy, telecommunications, and healthcare. However, it is important to conduct thorough research and due diligence before investing in any stock. Investors should consider factors such as the company's financial health, management team, industry trends, and dividend history before making investment decisions.