10 Stocks that Pay Dividends Monthly

2. STAG Industrial, Inc. (NYSE:STAG)

Number of Hedge Fund Holders: 28

STAG Industrial, Inc. (NYSE:STAG) is a real estate investment trust company that acquires and operates industrial properties throughout the US. This sector has thrived in the post-pandemic period, largely due to disrupted supply chains and initiatives to bring production back to domestic locations. In the past 12 months, the stock is up by over 8%.

STAG Industrial, Inc. (NYSE:STAG) reported strong operating performance in the second quarter of 2024. The company acquired ten buildings totaling 2.2 million square feet for $225.6 million, with a Cash Capitalization Rate of 6.7% and a Straight-Line Capitalization Rate of 7.0%. Additionally, it sold seven buildings, totaling 1.1 million square feet, for $78.2 million. As of June 30, 2024, the company achieved an Occupancy Rate of 97.1% across its entire portfolio and 97.5% within its Operating Portfolio. Its performance this quarter has led to favorable ratings from analysts. On June 26, Moody’s Investor Services confirmed an investment grade rating of Baa3 for the company and upgraded its outlook from ‘Stable’ to ‘Positive’.

STAG Industrial, Inc. (NYSE:STAG) generated roughly $190 million in revenues in the second quarter of 2024, which saw a 10.5% growth from the same period last year. The revenue also beat analysts’ estimates by $1.66 million. Its balance sheet also showed strength as the company ended the quarter with over $33.2 million available in cash and cash equivalents, up from $20.7 million six months ago.

STAG Industrial, Inc. (NYSE:STAG) offers a monthly dividend of $0.1233 per share. It is one of the best dividend stocks on our list as the company has been making regular dividend payments to shareholders since 2011. The stock’s dividend yield on August 29 came in at 3.70%.

STAG Industrial, Inc. (NYSE:STAG) also attracted hedge funds’ attention during Q2 2024. The number of hedge funds in Insider Monkey’s database owning investments in the company jumped to 28, from 15 in the previous quarter. Their total stake value is roughly $176 million. Among these hedge funds, Balyasny Asset Management owned the largest stake in the company.