5 Stocks That Pay Dividends Monthly

2. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 22
Dividend Yield as of June 19: 4.99%

Realty Income Corporation (NYSE:O) is one of the best dividend stocks on our list with monthly dividends. The real estate investment trust company has been growing its dividends for 29 years, falling into the category of Dividend Aristocrats. On June 13, it announced a 0.2% increase in its monthly dividend to $0.2555 per share, which was its second dividend hike this year. The stock has a dividend yield of 4.99%, as of June 19.

At the end of Q1 2023, 22 hedge funds in Insider Monkey’s database reported owning stakes in Realty Income Corporation (NYSE:O), worth collectively over $325.7 million. Among these hedge funds, Citadel Investment Group was the company’s largest stakeholder in Q1.

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