In this article, we will be taking a look at 5 dividend stocks to increase your monthly income. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Stocks to Increase Your Monthly Income.
5. SL Green Realty Corp. (NYSE: SLG)
Number of Hedge Fund Holders: 21
Dividend Yield: 5.13%
SL Green Realty Corp. (NYSE: SLG) is a Manhattan-based office REIT, the largest of its kind in the area. It acquires, manages, and maximizes the value of Manhattan commercial properties. The company ranks 5th on our list of dividend stocks to increase your monthly income.
This June, Deutsche Bank reiterated a Hold rating on shares of SL Green Realty Corp. (NYSE: SLG), while also raising its price target on the stock to $77.
In the second quarter of 2021, SL Green Realty Corp. (NYSE: SLG) had an FFO of $1.60, missing estimates by $0.02. The company’s revenue was $184.61 million, beating estimates by $2.09 million.
By the end of the second quarter of 2021, 21 hedge funds out of the 873 tracked by Insider Monkey held stakes in SL Green Realty Corp. (NYSE: SLG) worth roughly $144 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $162 million.
4. Main Street Capital Corporation (NYSE: MAIN)
Number of Hedge Fund Holders: 8
Dividend Yield: 6.06%
Main Street Capital Corporation (NYSE: MAIN), a private equity firm, specializes in equity capital to lower middle market companies. The company ranks 4th on our list of dividend stocks to increase your monthly income and provides debt capital to middle market companies for the purposes of acquisition, management buyout, growth financing, recapitalization, and refinancing.
As of this February, Raymond James holds an Outperform rating on shares of Main Street Capital Corporation (NYSE: MAIN). The firm also has a $41 price target on the stock.
In the second quarter of 2021, Main Street Capital Corporation (NYSE: MAIN) had an NII of $0.62, beating estimates by $0.05. The company’s revenue was $67.29 million, up 29.39% year over year and beating estimates by $5.22 million.
By the end of the second quarter of 2021, 8 hedge funds out of the 873 tracked by Insider Monkey held stakes in Main Street Capital Corporation (NYSE: MAIN) worth roughly $18.7 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $34 million.
3. Pembina Pipeline Corporation (NYSE: PBA)
Number of Hedge Fund Holders: 15
Dividend Yield: 6.19%
Pembina Pipeline Corporation (NYSE: PBA) is a provider of transportation and midstream services, operating in the energy industry. The company operates through its Pipelines, Facilities, and Marketing & New Ventures segments, and ranks 3rd on our list of dividend stocks to increase your monthly income.
RBC Capital holds an Outperform rating on shares of Pembina Pipeline Corporation (NYSE: PBA) as of this August.
In the second quarter of 2021, Pembina Pipeline Corporation (NYSE: PBA) had an EPS of $0.37, missing estimates by $0.07. The company’s revenue was $1.56 billion, up 63.99% year over year and beating estimates by $361.48 million.
By the end of the second quarter of 2021, 15 hedge funds out of the 873 tracked by Insider Monkey held stakes in Pembina Pipeline Corporation (NYSE: PBA) worth roughly $116 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $75 million.
2. LTC Properties, Inc. (NYSE: LTC)
Number of Hedge Fund Holders: 10
Dividend Yield: 6.68%
LTC Properties, Inc. (NYSE: LTC) is a healthcare REIT investing in seniors housing and healthcare properties. The company ranks 2nd on our list of dividend stocks to increase your monthly income.
As of February, Capital One holds an Equal Weight rating on shares of LTC Properties, Inc. (NYSE: LTC),alongside a $44 price target.
In the second quarter of 2021, LTC Properties, Inc. (NYSE: LTC) had an FFO of $0.57, missing estimates by $0.07. The company’s revenue was $38.13 million, up 33.88% year over year but also missing estimates by $4.26 million.
By the end of the second quarter of 2021, 10 hedge funds out of the 873 tracked by Insider Monkey held stakes in LTC Properties, Inc. (NYSE: LTC) worth roughly $9 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of approximately $7 million.
1. Broadmark Realty Capital Inc. (NYSE: BRMK)
Number of Hedge Fund Holders: 12
Dividend Yield: 7.88%
Broadmark Realty Capital Inc. (NYSE: BRMK) is next and last on our list of dividend stocks to increase your monthly income, ranking 1st. The company underwrites, funds, services, and manages the short-term and first deed of trust loans to fund the development of residential or commercial properties in the US.
B. Riley holds a Buy rating and a $12.05 price target on shares of Broadmark Realty Capital Inc. (NYSE: BRMK), as of this April.
In the second quarter of 2021, Broadmark Realty Capital Inc. (NYSE: BRMK) had an FFO of $0.18, missing estimates by $0.02. The company’s revenue was $29.18 million, up 0.39% year over year but also missing estimates by $2.7 million.
By the end of the second quarter of 2021, 12 hedge funds out of the 873 tracked by Insider Monkey held stakes in Broadmark Realty Capital Inc. (NYSE: BRMK) worth roughly $91 million. This is compared to 12 hedge funds in the previous quarter with a total stake value of approximately $99 million.
See also 10 Best Biotech Stocks To Invest In and 10 Best Dividend Stocks Under $20.
