5 Stocks That Pay Dividends Monthly

2. STAG Industrial, Inc. (NYSE:STAG)

Number of Hedge Fund Shareholders: 27

Monthly Dividend Payout: $0.1217

STAG Industrial, Inc. (NYSE:STAG) has a 10-year run going of both dividend payments and dividend growth. The REIT, which invests primarily in single-tenant industrial properties, switched to monthly dividend payments in the fourth quarter of 2013. Its monthly payouts have since been raised from $0.10 to $0.1217 per share. The company’s payout ratio stands at 109%, while its shares yield 4.61%. STAG’s Q3 FFO came in at $0.57, while its revenue was $166.3 million, both of which beat estimates.

Hedge fund ownership of STAG Industrial, Inc. (NYSE:STAG) jumped by 33% during Q2 to hit an all-time high and has nearly doubled over the last year. Stuart J. Zimmer’s Zimmer Partners owned the largest position in the company on June 30 at 4.88 million shares, while Anand Parekh’s Alyeska Investment Group build a new STAG holding of 441,763 shares during Q2.

The Carillon Scout Mid Cap Fund discussed some of the recent pressures weighing on STAG Industrial, Inc. (NYSE:STAG) shares in its Q1 2022 investor letter:

“Labor inflation and general labor availability were again concerns for many companies. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Stag Industrial (NYSE:STAG), a warehouse REIT focused on rural distribution properties, fell as interest rates rose and fear of an economic slowdown gripped markets.”