5 Best Monthly Dividend Stocks To Buy Right Now

In this article, we discuss 5 best monthly dividend stocks to buy right now. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 15 Best Monthly Dividend Stocks To Buy Right Now.

5. Apple Hospitality REIT, Inc. (NYSE:APLE)

Number of Hedge Fund Holders: 15

Apple Hospitality REIT, Inc. (NYSE:APLE) is an American real estate investment trust company that invests in hotel properties in the US. The company pays a monthly dividend of $0.08 per share and has a dividend yield of 6.07%, as of April 14. It is one of the best dividend stocks on our list as the company has been paying regular dividends to shareholders for the past nine years.

The number of hedge funds tracked by Insider Monkey owning stakes in Apple Hospitality REIT, Inc. (NYSE:APLE) grew to 15 in Q4 2023, from 10 in the previous quarter. These stakes have a total value of roughly $182 million. With over 5.5 million shares, Citadel Investment Group was the company’s leading stakeholder in Q4.

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

Number of Hedge Fund Holders: 18

STAG Industrial, Inc. (NYSE:STAG), a Boston-based real estate investment trust company, has been making regular dividend payments to shareholders since 2011. It currently offers a monthly dividend of $0.1233 per share, having raised it by 0.7% in January this year. With a dividend yield of 3.99% as of April 14, STAG is one of the best dividend stocks that pay monthly dividends.

STAG Industrial, Inc. (NYSE:STAG) was included in 18 hedge fund portfolios at the end of Q4 2023, down from 20 in the preceding quarter, according to Insider Monkey’s database. The consolidated value of these stakes is nearly $160 million.

3. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 25

EPR Properties (NYSE:EPR) is next on our list of the best dividend stocks that pay monthly dividends. The American real estate investment trust company that invests in various segments of properties, including education, entertainment, and recreation. The company offers a monthly dividend of $0.275 per share and has a dividend yield of 8.41%, as of April 14.

EPR Properties (NYSE:EPR) was a popular stock among elite funds in Q4 2023, as 25 funds owned stakes in the company, up significantly from 15 in the previous quarter, as per Insider Monkey’s database. These stakes have a total value of more than $195.7 million. Balyasny Asset Management was the largest stakeholder of the company in Q4.

2. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 26

Agree Realty Corporation (NYSE:ADC) initiated its dividend policy in 1995 with quarterly dividends and shifted to monthly payouts in 2021. The real estate investment trust company announced a 1.2% hike in its monthly dividend to $0.25 per share. This was the company’s 7th consecutive year of dividend growth, which makes ADC one of the best dividend stocks on our list. The stock has a dividend yield of 5.34%, as of April 14.

At the end of December 2023, 26 hedge funds, compared with 28 in the previous quarter, held stakes in Agree Realty Corporation (NYSE:ADC), according to our database. These stakes have a total value of more than $377.8 million.

1. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 27

Realty Income Corporation (NYSE:O) tops our list of the best monthly dividend stocks to invest in. The real estate investment trust company has been rewarding shareholders with growing dividends since 1994 and currently offers a monthly dividend of $0.257 per share. The stock supports a dividend yield of 5.93%, as of April 14.

The number of hedge funds tracked by Insider Monkey owning stakes in Realty Income Corporation (NYSE:O) grew to 27 in Q4 2023, from 23 in the previous quarter. The total value of these stakes is over $332.5 million.

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