11 Best Stocks That Pay Monthly Dividends in 2024

5. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 23

EPR Properties (NYSE:EPR) leases its properties to various entertainment and educational businesses, including amusement parks, movie theaters, and ski resorts, across the US and Canada. As a triple net lease REIT, the company requires its tenants to cover all real estate taxes, insurance, and maintenance costs. It owns 352 properties and leases to over 200 tenants in 44 US states and Canada.

In the past 12 months, EPR Properties (NYSE:EPR) has declined by over 10.4%. The company’s reliance on the shrinking movie theater market is a significant concern. In 2023, only 852 million movie tickets were sold in the US, a sharp decline from 1.85 billion tickets in 2002, and this downward trend may persist. The rise of streaming platforms, affordable large-screen TVs, and increasing ticket prices have led more people to watch movies at home. Despite these challenges, the company achieved a 99% occupancy rate by the end of Q3 2024. It managed this by selling off vacant theaters, attracting more non-theater tenants for experiential businesses, and expanding its education-related property portfolio.

During the quarter, EPR Properties (NYSE:EPR) finalized the sale of two theater properties and one early childhood education center, generating net proceeds of $8.7 million. The company’s cash position remained strong. It ended the quarter with over $35.3 million of cash on hand with total assets amounting to nearly $5.7 billion.

EPR Properties (NYSE:EPR), one of the best dividend stocks, started paying quarterly dividends to shareholders since its IPO in 1997. The company shifted to monthly payments in 2013 and has paid regular dividends to shareholders since then. Its monthly dividend comes in at $0.285 per share for a dividend yield of 7.79%, as of December 28.

As of the close of Q3 2023, 23 hedge funds held stakes in EPR Properties (NYSE:EPR), according to Insider Monkey’s database. These stakes are worth $247.4 million in total.