10 Stocks that Pay Dividends Monthly

1. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 30

EPR Properties (NYSE:EPR) invests in theaters, fitness, and wellness properties. The American real estate investment trust company faced challenges from rising interest rates and ongoing issues with some theater tenants affected by the pandemic. However, it has made progress in overcoming these difficulties. For instance, last year it completed a thorough lease restructuring agreement with a bankrupt theater tenant. As a result, the company has managed to expand its portfolio, increase its cash flow, and raise its dividend.

In the second quarter of 2024, EPR Properties (NYSE:EPR) generated over $173 million in total revenues, which grew modestly by 0.11% from the same period last year. The revenue also surpassed analysts’ estimates by $22.2 million. During the quarter, the company spent $46.9 million on investments, raising the total investment expenditure for the year to $132.7 million. It plans to invest between $200 million and $300 million in new properties this year, using free cash flow remaining after dividends and leveraging its robust balance sheet. As interest rates decrease, the company anticipates being able to increase its investment spending, which should enhance its earnings growth and enable future dividend increases.

On August 15, EPR Properties (NYSE:EPR) declared a monthly dividend of $0.285 per share, which was in line with its previous dividend. The stock’s dividend yield sits at 7.26%, as of August 29.

As of the end of the second quarter of 2024, 30 hedge funds held stakes in EPR Properties (NYSE:EPR), up from 26 in the previous quarter, as per Insider Monkey’s database. These stakes have a total value of more than $223 million.

Overall, EPR Properties (NYSE:EPR) ranks first on our list. While we acknowledge the potential for EPR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. 

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Disclosure: None. This article is originally published at Insider Monkey.