5 Cheap Monthly Dividend Stocks with High Yields

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1. PermRock Royalty Trust (NYSE:PRT)

PermRock Royalty Trust (NYSE:PRT) is a Texas-based company that owns about 80% net profits interest in the oil and natural gas producing properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. PermRock Royalty Trust (NYSE:PRT) is one of the cheapest monthly dividend stocks, trading at around $7.6 as of November 5. Last month, the company declared a monthly dividend of $0.0933 per share, in line with the previous. The dividend yield came in at 14.85%. The dividend is payable on November 15 to the shareholders of record on October 31.

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