Monthly dividend stocks payout their dividends each month instead of on a quarterly schedule like the majority of income stocks. They can work better for people needing consistent monthly income on the same schedule as their monthly bill payments.

High Dividend Stocks

Here is a list of some of the highest yielding monthly dividend stocks.


AGNC Investment Corp. (NASDAQ:AGNC) 11.35%
San Juan Basin Royalty Trust (NYSE:SJT) 10.16%
Special Opportunities Fund (NYSE:SPE) 9.00%
Broadmark Realty Capital (NYSE:BRMK)  9.91%
Dynex Capital, Inc. (NYSE:DX) 9.80%
Prospect Capital (NASDAQ:PSEC) 8.69%
Horizon Technology Finance (NASDAQ:HRZN) 8.55%
Gladstone Commercial (NASDAQ:GOOD) 6.70%
EPR Properties (NYSE:EPR) 6.17%
LTC Properties (NYSE:LTC) 6.13%*

Monthly Dividend Formula

Remember that the dividend yield is on a annual basis and distributed on a monthly basis as one twelfth of the yield a month. So a $120 priced stock with a 10% yield would payout $1 a month per share for twelve months. $120 / 10% yield = $12 / 12 months = $1 a month dividend. 

Also be aware that as the price of a stock drops the yield percentage increases if it stays constant at lower stock prices. If the dividend yield is cut then it could indicate trouble with the company and decrease the dividend yield if the price stays constant.

best monthly dividend stocks 2021

Image by mohamed Hassan from Pixabay

*This is not investment advice, “best’ refers to high yields and not risk involved and is for informational purposes only. Please do your own due diligence or seek financial advice from a professional to see if any of these stocks are right for your own risk tolerance and time frame.

By Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.