10 Stocks that Pay Dividends Monthly

6. Apple Hospitality REIT, Inc. (NYSE:APLE)

Number of Hedge Fund Holders: 19

Apple Hospitality REIT, Inc. (NYSE:APLE) is a Virginia-based real estate investment trust company that operates in hotel properties across the US. The company’s portfolio includes 224 hotels with over 30,000 guest rooms, spread across 87 markets in 37 states and the District of Columbia. The portfolio is concentrated on leading industry brands, featuring 100 Marriott-branded hotels, 119 Hilton-branded hotels, and five Hyatt-branded hotels.

In the second quarter of 2024, Apple Hospitality REIT, Inc. (NYSE:APLE)’s business fundamentals remained robust, supported by a slower rate of new supply growth compared to historical levels. Its comparable hotel occupancy reached 80%, which is more than a 2% increase from the same quarter in 2023. While the greatest potential for continued growth is expected from the ongoing improvement in midweek business travel demand, the company also achieved higher occupancy rates on both weekdays and weekends during the quarter. This reflects the resilience of leisure travel demand and the benefits being realized as business travel patterns return to normal. Comparable hotel revenue per available room (RevPAR) for the second quarter rose by 2.5% compared to the previous year, accompanied by a slight increase in average daily rate (ADR).

Apple Hospitality REIT, Inc. (NYSE:APLE), one of the best dividend stocks, has been making uninterrupted dividend payments to shareholders since 2008. The company offers a monthly dividend of $0.08 per share and has a dividend yield of 6.73%, as of August 29.

Apple Hospitality REIT, Inc. (NYSE:APLE) was a popular buy among elite funds during Q2 2024, with hedge fund positions growing to 19, from 13 in the previous quarter, according to Insider Monkey’s database. These stakes have a total value of more than $116.5 million. With over 2.6 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q2.