5 Best Stocks That Pay Monthly Dividends

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1. Realty Income Corporation (NYSE: O)

Number of Hedge Fund Holders: 23
Dividend Yield: 3.95%

Realty Income Corporation (NYSE: O), yet another REIT, is next and last on our list of the best stocks that pay monthly dividends, ranking 1st. The company invests in free-standing, single-tenant, commercial properties in the US, Puerto Rico, and the UK. These properties are subject to NNN Leases.

Haendel St. Juste, an analyst at Mizuho, holds a Buy rating on shares of Realty Income Corporation (NYSE: O) as of this August. The analyst also raised his price target on Realty Income Corporation (NYSE: O) shares at the same time, from $77 to $81.

Out of 873 hedge funds tracked by Insider Monkey, 23 hedge funds held stakes in Realty Income Corporation (NYSE: O) worth roughly $221 million in the second quarter of 2021. This is compared to 18 hedge funds in the previous quarter with a total stake value of approximately $183 million.

See also 10 Best Biotech Stocks To Invest In and 10 Best Penny Stocks To Buy Now.

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