5 Best Stocks That Pay Monthly Dividends

2. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 24

Realty Income Corporation (NYSE:O) is next on our list of the best dividend stocks that pay monthly dividends to shareholders. The REIT is a dividend aristocrat with 29 consecutive years of dividend growth under its belt. It currently pays a monthly dividend of $0.256 per share and has a dividend yield of 6.22%, as of October 19.

At the end of Q2 2023, 24 hedge funds in Insider Monkey’s database, growing from 22 in the previous quarter, owned stakes in Realty Income Corporation (NYSE:O). Their collective stake value is over $243.6 million.

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