15 Best Monthly Dividend Stocks To Buy Right Now

5. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 23

Realty Income Corporation (NYSE:O) is an American real estate investment trust company that invests in single-tenant commercial properties in the country. The company performed well in 2024, exceeding initial expectations. The diversified REIT was set to achieve approximately 5% growth in adjusted funds from operations (FFO). At the start of the year, it completed the $9.3 billion acquisition of Spirit Realty, a move expected to be highly accretive. In addition, the company raised its full-year investment outlook from $2 billion to $3 billion.

Realty Income Corporation (NYSE:O) specializes in acquiring commercial properties, leasing them, and passing the rental income on to its investors. By the end of Q3 2024, the company owned 15,457 properties across the US, UK, and six European countries, up from 13,458 properties at the end of 2023. This growth was largely driven by its acquisition of Spirit Realty in January 2024. The company mainly leases properties to retail businesses that maintain strong performance even during economic downturns.

On January 14, Realty Income Corporation (NYSE:O) declared a monthly dividend of $0.264 per share, which was consistent with its previous dividend. A key factor behind the company’s is its strong financial position, backed by an investment-grade balance sheet. The company’s large scale also provides it with easier access to capital markets, allowing it to secure favorable debt terms for growth. Furthermore, the company has consistently increased its payouts since going public in 1994, which makes it one of the best dividend stocks that offer monthly payouts. The stock offers a dividend yield of 5.86%, as of January 29.

According to Insider Monkey’s database of Q3 2024, 23 hedge funds, growing from 19 in the previous quarter, held stakes in Realty Income Corporation (NYSE:O). These stakes have a consolidated value of more than $163.5 million in total. With over 1.7 million shares, AEW Capital Management was the company’s leading stakeholder in Q3.