5 Stocks that Pay Dividends Monthly

4. Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI)

Number of Hedge Fund Holders: N/A
Dividend Yield: 21.03%

Ranking 4th on the list of best stocks that pay dividends monthly is Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI). It’s a closed-end ETF and exchange-traded fund under non-diversified designation. The company recently announced its common stock dividend distribution at $0.07 per share. The dividend distribution represents a 9.45% annualized distribution rate at the prevailing $8.89 share price and 11.98% annualized distribution rate at $7.01 per share net asset value. Stone Harbor Emerging Markets Total Income Fund paid out a monthly dividend of $0.08 per share on February 12, 2021.  Its commitment to providing healthy and consistent dividends to its shareholders makes it one of the best stocks that pay out dividends monthly.