5 Best Stocks That Pay Monthly Dividends

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1. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 29

Agree Realty Corporation (NYSE:ADC) specializes in owning, acquiring, and developing retail and commercial properties, primarily in the US. The company has a 13-year run of consistently growing its dividends, which makes it one of the best dividend stocks with monthly payouts. It pays a per-share dividend of $0.247 every month, having raised it by 3% on October 12. The stock’s dividend yield on October 19 came in at 5.40%.

Out of 910 hedge funds tracked by Insider Monkey, 29 elite funds had stakes in Agree Realty Corporation (NYSE:ADC) at the end of Q2 2023, up from 22 in the previous quarter. These stakes are worth $418.7 million in total.

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