5 Best Stocks That Pay Monthly Dividends

3. Cross Timbers Royalty Trust (NYSE:CRT)

Dividend Yield as of August 30: 6.99%

Cross Timbers Royalty Trust (NYSE:CRT) is a Texas-based express trust that collects and distributes monthly net profits income to unitholders.

On August 19, Cross Timbers Royalty Trust (NYSE:CRT) declared a 20.3% hike in its monthly dividend to $0.2306 per share. The company has a 4-year average dividend yield of 10.20% while its five-year dividend CAGR stands at 5.82%. As of August 30, the stock’s dividend yield was recorded at 6.99%.