In this article, we discuss the 10 monthly dividend stocks with over 5% yield. If you want to skip our detailed analysis of dividend investing and these stocks, go directly to the 5 Monthly Dividend Stocks With Over 5% Yield.
Dividend investing is an attractive strategy for those investors who wish to retire comfortably or have a passive income stream on the side. Everyone finds the idea of making more money out of the money you already have too intriguing to pass up. Dividend investing is a lifesaver, especially in recent times, when the COVID-19 pandemic resulted in an unemployment rate of 14.8% in April 2020, the highest it has ever been seen since 1948. People who temporarily lose their source of income due to uncertain and volatile job markets find dividend income to be one of the best resources to sustain them through trying times.
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Our Methodology
With this context in mind, let’s discuss the 10 monthly dividend stocks with over 5% yield. We selected stocks that pay monthly dividends and ranked them from the lowest to the highest dividend yield. We also selected stocks with mostly positive analyst ratings, earnings, and hedge fund sentiment.
Monthly Dividend Stocks With Over 5% Yield
10. EPR Properties (NYSE:EPR)
Number of Hedge Fund Holders: 20
Dividend Yield: 5.86%
EPR Properties (NYSE:EPR) is an American REIT based in Kansas City, Missouri. It is engaged in investments across movie theaters, amusement parks, ski resorts, and other entertainment establishments. EPR Properties (NYSE:EPR) has an impressive portfolio of properties in 357 locations across the US, worth over $6.4 billion. EPR Properties (NYSE:EPR) is one of the top 10 monthly dividend stocks with over 5% yield.
At the end of June, 20 hedge funds tracked by Insider Monkey reported owning stakes in EPR Properties (NYSE:EPR), up from 15 in the previous quarter.
9. LTC Properties, Inc. (NYSE:LTC)
Number of Hedge Fund Holders: 10
Dividend Yield: 6.81%
LTC Properties, Inc. (NYSE: LTC) is a healthcare REIT, investing in housing for senior citizens and healthcare properties by sale and leaseback agreements, mortgage financing, joint ventures, and structured finance solutions such as preferred equity and mezzanine lending. It is one of the best monthly dividend stocks on our list, with a dividend yield of 6.81%.
By the end of Q2, 10 hedge funds tracked by Insider Monkey held stakes in LTC Properties, Inc. (NYSE: LTC), valued at approximately $9 million.
8. Cross Timbers Royalty Trust (NYSE:CRT)
Number of Hedge Fund Holders: N/A
Dividend Yield: 7.35%
Cross Timbers Royalty Trust (NYSE: CRT) is a US company that holds about 90% of the net profits interests in several royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico, and it ranks eighth on our list of the best monthly dividend stocks with over 5% yield.
The underlying non-producing royalties and working interest properties are owned by XTO Energy. Cross Timbers Royalty Trust (NYSE: CRT)’s underlying properties include over 2,900 producing properties in Texas, Oklahoma and New Mexico.
7. Broadmark Realty Capital Inc. (NYSE:BRMK)
Number of Hedge Fund Holders: 12
Dividend Yield: 8.05%
Broadmark Realty Capital Inc. (NYSE: BRMK) provides short-term, first deed of trust loans secured by real estate to finance the acquisition, renovation, rehabilitation, and development of residential or commercial properties in the United States. Broadmark Realty Capital Inc. (NYSE: BRMK) successfully manages its loan portfolio across a variety of economic conditions and market dynamics. Broadmark Realty Capital Inc. (NYSE: BRMK) is one of the top monthly stocks for dividend investing, with a yield of 8.05%.
At the end of June, 12 hedge funds reported owning stakes in Broadmark Realty Capital Inc. (NYSE: BRMK). The company’s actual FFO for Q2 was announced on August 9 as $0.18, missing target estimates by -$0.02.
6. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)
Number of Hedge Fund Holders: 5
Dividend Yield: 8.54%
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is a non-diversified, close-ended, and externally managed investment company. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) invests mainly in variable interest rate loans, floating rate loans, and other lending vehicles to middle-market US companies with below investment grade debt. It is one of the top monthly dividend stocks, with an 8.54% dividend yield.
At the end of June, 5 hedge funds in Insider Monkey’s database reported owning stakes in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT), down from 7 in the previous quarter. The actual net interest income for Q2 was announced on August 4 as $0.27, as per analysts’ estimates.
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Disclosure: None. 10 Monthly Dividend Stocks With Over 5% Yield is originally published on Insider Monkey.
