5 High Growth Monthly Dividend Stocks to Buy

1. Mesa Royalty Trust (NYSE:MTR)

YoY Revenue Growth for the Most Recent Reported Quarter: 3,449,242.9%

Monthly Dividend per Share: 15.82 cents

Mesa Royalty Trust (NYSE:MTR) is a Houston, Texas-based publicly traded royalty trust that was created in 1979 to own and collect royalties from oil and gas properties in the Hugoton natural gas fields located in Kansas, Oklahoma, and Texas.

The trust has a 90% net profits interest in the properties, which means that it receives 90% of the net proceeds from the production of oil and gas on the properties. The trust receives these payments monthly and distributes them to its shareholders, who are entitled to receive a share of the trust’s income based on the number of shares they own. Mesa Royalty Trust’s (NYSE:MTR) trailing annual dividend yield stands at 9.10% as of February 28.

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