5 Best Stocks That Pay Monthly Dividends in 2024

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1. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 27

Realty Income Corporation (NYSE:O) tops our list of the best dividend stocks that pay monthly dividends. The real estate investment trust company offers a monthly dividend of $0.2565 per share and has a dividend yield of 5.81%, as of February 23. The company has raised its payouts 122 times since it went public in 1994.

The number of hedge funds tracked by Insider Monkey owning stakes in Realty Income Corporation (NYSE:O) grew to 27 in Q4 2023, from 23 in the previous quarter. The collective value of these stakes is over $332.5 million.

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