5 Best Stocks That Pay Monthly Dividends in 2024

2. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 26

Agree Realty Corporation (NYSE:ADC)’s portfolio consists of a diverse range of retail properties, including freestanding stores, shopping centers, and mixed-use developments. These properties are typically leased to tenants under long-term net lease agreements. The company’s monthly dividend comes in at $0.247 per share for a dividend yield of 5.15%, as of February 23.

As of the close of Q4 2023, 26 hedge funds in Insider Monkey’s database reported having stakes in Agree Realty Corporation (NYSE:ADC), compared with 28 in the previous quarter. The total value of these stakes is over $377.8 million. With roughly 3 million shares, Zimmer Partners was the company’s leading stakeholder in Q4.

Follow Agree Realty Corp (NYSE:ADC)