In this article we discuss the 5 best monthly dividend stocks for 2021. If you want to read the complete list of these stocks, go directly to 10 Best Monthly Dividend Stocks in 2021.
5. Gladstone Investment Corporation (NASDAQ: GAIN)
Gladstone Investment Corporation (NASDAQ: GAIN) is a Virginia-based closed-end management investment firm. It operates by investing in debt security of established firms so that it can provide stable earnings and cash flow for expenses, interest payments on outstanding debt and distributions to stockholders. It has a market cap of more than $445 million and posted more than $61 million in revenue in March 2020. The firm has a dividend yield of 6.25% It has a four-year average dividend yield of 8.47%.
At the end of the fourth quarter of 2020, 5 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, up from 3 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $2.5 million, up from $1.9 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Two Sigma Advisors held the most shares – 134,442 – worth more than $1.3 million. DE Shaw was 2nd with 48,733 shares worth almost 0.5 million.
4. LTC Properties, Inc. (NYSE: LTC)
LTC Properties, Inc. (NYSE: LTC) is a California-based healthcare real estate investment trust that buys stakes in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions. It has a market cap of over $1 billion and posted more than $157 million in revenue in December 2020. It has a dividend yield of 5.27%. The monthly dividend yield of the firm has hovered above 4% for the past eight years. LTC Properties is fourth on our list of 10 best monthly dividend stocks to buy for 2021.
At the end of the fourth quarter of 2020, 8 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, down from 9 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $6.1 million, down from $10.1 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Two Sigma Advisors held the most shares – 50,715 – worth more than $1..9 million. Citadel Investment Group was 2nd with 30,1000 shares worth almost $1.1 million.
3. Shaw Communications Inc. (NYSE: SJR)
Shaw Communications Inc. (NYSE: SJR) is a Calgary-based communications firm providing voice, data, broadband, video and other home services like telephone connectivity. It has a market cap of over $13 billion and posted more than $4 billion in revenue in August 2020. The firm has a dividend yield of 3.5% but a negative three-year dividend growth rate. The monthly dividend yield has remained above 4% for most of the past five years. Shaw Communications is listed third on our list of 10 best monthly dividend stocks for 2021.
At the end of the fourth quarter of 2020, 19 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, up from 13 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $143 million, up from $111 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Renaissance Technologies held the most shares – 3,593,425- worth more than $63 million. Two Sigma Advisors was 2nd with 1,375,590 shares worth almost $23 million.
2. Realty Income Corporation (NYSE: O)
Realty Income Corporation (NYSE: O) is a California-based real estate investment trust engaged in house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting. It has a market cap of over $24 billion and posted more than $1.6 billion in revenue in December 2020. It is a top rated monthly dividend stock with a yield of 4.29%. The three year dividend growth for the trust stands at an impressive 10.41%. It has a payout ratio of 83.56%. Realty Income is ranked second on our list of 10 best monthly dividend stocks for 2021.
At the end of the fourth quarter of 2020, 24 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, the same as in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $238 million, down from $290 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Two Sigma Advisors held the most shares – 987,364 – worth more than $61 million. Millennium Management was 2nd with 840,957 shares worth almost $52 million.
1. STAG Industrial, Inc. (NYSE: STAG)
STAG Industrial, Inc. (NYSE: STAG) is a Boston-based real estate investment trust. The trust has a market cap of over $5.6 billion and posted more than $480 million in revenue in 2021. STAG has recorded seven years of consecutive dividend growth. Its dividend yield currently stands at 4.1% and has a three year growth rate of 2.49%. The firm’s dividend yield has remained above 4% for the past ten years. STAG is placed first on our list of 10 best monthly dividend stocks for 2021.
At the end of the fourth quarter of 2020, 25 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, up from 19 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $218 million, up from $77 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Waterfront Capital Partners held the most shares – 1,756,248 – worth more than $55 million. Balyasny Asset Management was 2nd with 1,134,785 shares worth almost $35 million.
You can also take a peek at 10 Best Biotech Stocks To Buy For 2021 and Top 10 Best Freelancing Platforms and Websites for 2021.
