5 Best Stocks That Pay Monthly Dividends

2. SL Green Realty Corp. (NYSE:SLG)

Dividend Yield as of August 30: 8.37%

SL Green Realty Corp. (NYSE:SLG) is a real estate investment trust company that invests in office buildings and shopping centers in New York City. In July, Deutsche Bank set a $57 price target on the stock while maintaining a Buy rating on the shares. The firm viewed the company through the lens of rising inflation which would influence the occupancy performance.

In Q2 2022, SL Green Realty Corp. (NYSE:SLG) reported cash and cash equivalents of $189.3 million while its total assets amount to over $10.7 billion. The company’s revenue for the quarter stood at $201.4 million and its same-store office occupancy was 92%. SL Green Realty Corp. (NYSE:SLG) pays a monthly dividend of $0.3108 per share, with a dividend yield of 8.37%, as of August 30.

At the end of Q2 2022, 18 hedge funds tracked by Insider Monkey owned stakes in SL Green Realty Corp. (NYSE:SLG), the same as in the previous quarter. These stakes hold a collective value of over $120.7 million. With stakes worth over $28.7 million, LDR Capital owned the largest position in the company in Q2.