Top 5 Dividend Stocks That Pay Monthly

3. SL Green Realty Corp (NYSE:SLG) 

Hedge fund ownership of SL Green Realty Corp (NYSE:SLG) jumped by 93% during the third quarter of 2019 but has drifted 21% lower in the quarters since. 23 hedge funds were long SLG on September 30. SLG began paying a monthly dividend in April and it’s held steady at $0.2950 since being instituted. Those payments currently amount to a nice annual yield of over 6%.

The majority of the REIT’s commercial properties are in Manhattan, where it ranks as the largest office landlord. While SLG shares have been hit hard this year given the obvious pandemic headwinds, its results haven’t been all that bad. Occupancy rates remain steady at about 95% and its projected 2020 FFO of $6.87 gives it a very sustainable dividend payout ratio of 52%.