5 Monthly Dividend Stocks to Buy in May

2. Sabine Royalty Trust (NYSE:SBR)

Number of Hedge Fund Holders: 4

Dividend Yield (as of April 29): 7.74%

Up next on our list of monthly dividend stocks to buy this month is Sabine Royalty Trust (NYSE:SBR), a Texas-based firm which holds royalty and mineral interests in various oil and gas properties across the United States. As energy prices and inflation on an upward trajectory, Sabine Royalty Trust (NYSE:SBR) is well-positioned to benefit from these trends. As of April 29, the firm’s shares have registered an uptick of 81.81% in the last year, and 49.75% in the year to date.

On April 6, Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend of $0.7302 per share, which was an increase of 56.3% from its previous dividend of $0.4672. The firm yielded a dividend of 7.74% as of April 29.

4 out of 900+ elite hedge funds tracked by Insider Monkey in the fourth quarter of 2021 were bullish on Sabine Royalty Trust (NYSE:SBR) shares, with combined stakes worth $4.96 million. The same number of hedge funds held positions in the company a quarter earlier as well. Royce & Associates, the top shareholder of Sabine Royalty Trust (NYSE:SBR) in the fourth quarter, held a $3.4 million stake in the company consisting of roughly 83,000 shares.