5 Stocks That Pay Dividends Monthly

3. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 22
Dividend Yield as of June 19: 4.43%

Agree Realty Corporation (NYSE:ADC) is a Michigan-based real estate investment trust company that acquires and develops properties net leased to retailers in the US. In June, BNP Paribas initiated its coverage on the stock with an Outperform rating and an $80 price target, following the company’s recent quarterly earnings.

Agree Realty Corporation (NYSE:ADC) is one of the best dividend stocks on our list as the company maintains a 12-year streak of consistent dividend growth. Its monthly dividend comes in at $0.243 per share for a dividend yield of 4.43%, as of June 19.

Of the 943 hedge funds tracked by Insider Monkey, 22 funds held stakes in Agree Realty Corporation (NYSE:ADC) in Q1 2023, up from 21 in the preceding quarter. Their total stake value is over $382.6 million.

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