5 Stocks that Pay Dividends Monthly

2. Stone Harbor Emerging Markets Income Fund (NYSE: EDF)

Number of Hedge Fund Holders: N/A
Dividend Yield: 10.34%

Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a publicly listed and closed-end exchange-traded fund that operates as an investment company. Its monthly payout is $0.07 per share, which was 12.5% lower than the previous $0.08 per share dividend payout.

Stone Harbor Emerging Markets Income Fund had a net asset value of $8.23 per share and a $9.14  share price as of April 20 this year, with a distribution rate of 9.19% for the share price and 10.21% for the net asset value. Investors should note that the fund has a lot of exposure in Argentina, a country with a long history of debt defaulting and financial mismanagement. On the other hand, Stone Harbor Emerging Markets Income Fund maintains an attractive yield at 10.87%, but it is not clear if the fund can sustain it. Its valuation seems extremely high considering the risk. It is one of the best stocks that pay dividends monthly, assuming that the red flags are worth the risk.