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Monthly Dividend Stocks for 2026

22 Monthly Dividend Payers. Yield Meets Frequency.

Anish DasCurated by Anish Das
Refreshed Jun 20, 2026

Monthly dividend stocks pay shareholders twelve times a year instead of four — changing compounding math, cash flow planning, and the sectors involved. The list concentrates in REITs, BDCs, closed-end funds, and a small number of operating companies structured for income distribution.

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Screen VitalsLive Metrics
Monthly Payers
22
Avg Yield
13.34%
Avg Payout
—
Avg FCF Margin
84.21%
Monthly Frequency
Pays 12 Times a Year
Solid Yield
Minimum 2% Dividend Yield
Established
$500M+ Market Cap
Income Structures
REITs, BDCs & More
Filter by:
Compare Top 3 Open Screener
TickerCompanyDiv YieldPayout RatioDiv Growth 3YGrowth Stk (Yrs)Total Ret 1Y
OXLC logoOXLC
Oxford Lane Capital Corp.55.5%—2.2%4-38.3%
PSEC logoPSEC
Prospect Capital Corporation34.2%—-9.1%0-13.8%
ORC logoORC
Orchid Island Capital, Inc.20.8%112.5%-9.1%014.9%
ARR logoARR
ARMOUR Residential REIT, Inc.17.9%87.8%-21.7%018.5%
FSCO logoFSCO
FS Credit Opportunities Corp.16.2%105.4%11.1%4-20.8%
PFLT logoPFLT
PennantPark Floating Rate Capital Ltd.16.1%168.1%2.6%0-16.4%
DX logoDX
Dynex Capital, Inc.15.1%77.3%9.4%223.7%
AGNC logoAGNC
AGNC Investment Corp.15.1%95.9%0%027.6%
EFC logoEFC
Ellington Financial Inc.13.7%125%-4.7%017.2%
GOOD logoGOOD
Gladstone Commercial Corporation12%353.4%-7.3%0-8.5%
GAIN logoGAIN
Gladstone Investment Corporation10%30.9%0%011.9%
BTX logoBTX
BlackRock Technology and Private Equity Term Trust9.2%517.4%-9.1%240.7%
TYG logoTYG
Tortoise Energy Infrastructure Corporation9%—-12.5%213.7%
MAIN logoMAIN
Main Street Capital Corporation7.4%68.8%5%5-5.6%
EPR logoEPR
EPR Properties6.6%105.7%2.4%46.9%
LTC logoLTC
LTC Properties, Inc.6.3%91%0%09.4%
DOC logoDOC
Healthpeak Properties, Inc.6.2%1190.1%-30.3%121.9%
APLE logoAPLE
Apple Hospitality REIT, Inc.5.8%130.3%0%151.6%
O logoO
Realty Income Corporation5.4%275.9%2.8%3210.2%
ADC logoADC
Agree Realty Corporation4.2%166.7%3%131.4%
STAG logoSTAG
STAG Industrial, Inc.4%103.8%0.7%157.5%
PECO logoPECO
Phillips Edison & Company, Inc.2.8%141.3%5.1%518.8%
OXLC logoOXLC
Oxford Lane Capital Corp.
-38.3%
55.5%Div Yield
Payout Ratio—
Div Growth 3Y2.2%
Growth Stk (Yrs)4
Total Ret 1Y-38.3%
PSEC logoPSEC
Prospect Capital Corporation
-13.8%
34.2%Div Yield
Payout Ratio—
Div Growth 3Y-9.1%
Growth Stk (Yrs)0
Total Ret 1Y-13.8%
ORC logoORC
Orchid Island Capital, Inc.
14.9%
20.8%Div Yield
Payout Ratio112.5%
Div Growth 3Y-9.1%
Growth Stk (Yrs)0
Total Ret 1Y14.9%
ARR logoARR
ARMOUR Residential REIT, Inc.
18.5%
17.9%Div Yield
Payout Ratio87.8%
Div Growth 3Y-21.7%
Growth Stk (Yrs)0
Total Ret 1Y18.5%
FSCO logoFSCO
FS Credit Opportunities Corp.
-20.8%
16.2%Div Yield
Payout Ratio105.4%
Div Growth 3Y11.1%
Growth Stk (Yrs)4
Total Ret 1Y-20.8%
PFLT logoPFLT
PennantPark Floating Rate Capital Ltd.
-16.4%
16.1%Div Yield
Payout Ratio168.1%
Div Growth 3Y2.6%
Growth Stk (Yrs)0
Total Ret 1Y-16.4%
DX logoDX
Dynex Capital, Inc.
23.7%
15.1%Div Yield
Payout Ratio77.3%
Div Growth 3Y9.4%
Growth Stk (Yrs)2
Total Ret 1Y23.7%
AGNC logoAGNC
AGNC Investment Corp.
27.6%
15.1%Div Yield
Payout Ratio95.9%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y27.6%
EFC logoEFC
Ellington Financial Inc.
17.2%
13.7%Div Yield
Payout Ratio125%
Div Growth 3Y-4.7%
Growth Stk (Yrs)0
Total Ret 1Y17.2%
GOOD logoGOOD
Gladstone Commercial Corporation
-8.5%
12%Div Yield
Payout Ratio353.4%
Div Growth 3Y-7.3%
Growth Stk (Yrs)0
Total Ret 1Y-8.5%
GAIN logoGAIN
Gladstone Investment Corporation
11.9%
10%Div Yield
Payout Ratio30.9%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y11.9%
BTX logoBTX
BlackRock Technology and Private Equity Term Trust
40.7%
9.2%Div Yield
Payout Ratio517.4%
Div Growth 3Y-9.1%
Growth Stk (Yrs)2
Total Ret 1Y40.7%
TYG logoTYG
Tortoise Energy Infrastructure Corporation
13.7%
9%Div Yield
Payout Ratio—
Div Growth 3Y-12.5%
Growth Stk (Yrs)2
Total Ret 1Y13.7%
MAIN logoMAIN
Main Street Capital Corporation
-5.6%
7.4%Div Yield
Payout Ratio68.8%
Div Growth 3Y5%
Growth Stk (Yrs)5
Total Ret 1Y-5.6%
EPR logoEPR
EPR Properties
6.9%
6.6%Div Yield
Payout Ratio105.7%
Div Growth 3Y2.4%
Growth Stk (Yrs)4
Total Ret 1Y6.9%
LTC logoLTC
LTC Properties, Inc.
9.4%
6.3%Div Yield
Payout Ratio91%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y9.4%
DOC logoDOC
Healthpeak Properties, Inc.
21.9%
6.2%Div Yield
Payout Ratio1190.1%
Div Growth 3Y-30.3%
Growth Stk (Yrs)1
Total Ret 1Y21.9%
APLE logoAPLE
Apple Hospitality REIT, Inc.
51.6%
5.8%Div Yield
Payout Ratio130.3%
Div Growth 3Y0%
Growth Stk (Yrs)1
Total Ret 1Y51.6%
O logoO
Realty Income Corporation
10.2%
5.4%Div Yield
Payout Ratio275.9%
Div Growth 3Y2.8%
Growth Stk (Yrs)32
Total Ret 1Y10.2%
ADC logoADC
Agree Realty Corporation
1.4%
4.2%Div Yield
Payout Ratio166.7%
Div Growth 3Y3%
Growth Stk (Yrs)13
Total Ret 1Y1.4%
STAG logoSTAG
STAG Industrial, Inc.
7.5%
4%Div Yield
Payout Ratio103.8%
Div Growth 3Y0.7%
Growth Stk (Yrs)15
Total Ret 1Y7.5%
PECO logoPECO
Phillips Edison & Company, Inc.
18.8%
2.8%Div Yield
Payout Ratio141.3%
Div Growth 3Y5.1%
Growth Stk (Yrs)5
Total Ret 1Y18.8%

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Learn more about Monthly Dividend Stocks for 2026

How We Build This List

  • Payment Frequency = MonthlyCount-based: ≥10 distinct payment months in 13 months. More reliable than data labels — accounts for ADR timing issues.
  • Domestic companies only (ADRs excluded)Foreign ADRs don’t deliver predictable monthly cadence US investors expect.
  • Dividend Yield ≥ 2%Excludes token monthly payments that aren’t genuinely income-oriented.
  • Market Cap ≥ $500 MillionLower than typical $1B floor because many established BDCs and REITs operate in $500M–$1B range.
  • Payout Ratio and FCF Margin columns visibleMonthly frequency creates false security. These columns reveal whether the schedule is sustainable.
  • Sorted by Dividend Yield DescendingSurfaces highest-income-per-dollar options while safety columns remain immediately visible.
Open Screener →

What Makes a Stock a Monthly Dividend Stocks constituent?

This screen identifies companies with a market cap over $500M and a dividend yield exceeding 2% that pay out monthly. By filtering for consistent monthly cash flow, investors can mimic the structure of a paycheck, similar to how Realty Income (O) has maintained its 'Monthly Dividend Company' brand through market cycles like the 2008 financial crisis.

MONTHLY
Payment Frequency
10+ Payments/13 Months
YIELD
Income Filter
Yield >= 2%
CAP
Size Filter
Market Cap >= $500M
1

Filter for Monthly Cadence

We require 10 payments in 13 months to ensure reliability. This avoids the volatility seen in companies like Ford, which occasionally issues special dividends that skew yield data.

2

Apply Market Cap Floor

Setting a $500M floor removes micro-cap traps. For example, Main Street Capital (MAIN) maintains stability above this threshold, unlike smaller, illiquid BDCs that often cut payouts.

3

Validate Payout Sustainability

Check the FCF margin to ensure the dividend isn't funded by debt. In 2020, many firms with high yields but negative FCF, like various energy MLPs, were forced to slash payouts.

Performance Dynamics: When Does This Strategy Outperform?

Strategy performance behaves differently based on market conditions. Let's analyze when this strategy outperforms and when it lags:

When Monthly Dividends Lead

  • ✓ During the 2022 bear market, high-yield monthly payers outperformed the S&P 500 by roughly 8% as investors sought immediate cash.
  • ✓ In sideways markets like 2015, consistent monthly income provided a total return buffer that growth stocks lacked.
  • ✓ During periods of high inflation, REITs like STAG Industrial often see rent escalators that support monthly payouts, outperforming bonds.

When Monthly Dividends Trail

  • ✗ During the 2021 tech-led bull market, monthly dividend stocks trailed the Nasdaq 100 by over 20% due to lack of capital appreciation.
  • ✗ When interest rates rise rapidly, as seen in 2023, high-yield stocks often drop in price as they compete with 5% yielding Treasury bills.
  • ✗ During economic expansions, companies that reinvest all cash, like Amazon, significantly outperform income-focused stocks.

How to Use the Screener Results Table

To build a resilient portfolio, do not buy stocks on simple statistics alone. Use the key columns in our table to audit the durability, safety, and returns of each stock:

Dividend Yield Percentage

Measures annual income relative to price. A 7% yield from a BDC like Ares Capital is attractive, but a 15% yield often signals a looming cut, as seen with many REITs in 2009.

Payout Ratio Percentage

Shows what portion of earnings is paid out. A ratio over 90% for a company like Prospect Capital leaves little room for error during a recession.

FCF Margin Percentage

Indicates cash available after expenses. A 20% FCF margin at Realty Income proves the dividend is backed by actual rent collection, not accounting gimmicks.

Market Cap Currency

Reflects company size. A $500M cap is the minimum to ensure liquidity; smaller firms like certain micro-cap BDCs often suffer from extreme price swings.

Risk Factors & Warning Signs to Track

The Yield Trap Trap

The biggest risk is chasing a high yield that is actually a sign of a failing business. For example, many mortgage REITs in 2020 offered 15%+ yields, but their underlying book values collapsed, leading to massive dividend cuts and permanent capital loss for investors.

What are Monthly Dividend Stocks?

Identifies mature REITs, BDCs, and income stocks that distribute cash monthly. It requires a 2% yield floor and a $500M+ market cap to filter out speculative stubs.

  • Payment Frequency = Monthly
  • Dividend Yield ≥ 2%
  • Market Cap ≥ $500 Million
  • Domestic companies only (ADRs excluded)

Why Invest in Monthly Dividend Stocks?

Faster Compounding

Accelerates compounding velocity through monthly reinvestment

Cash Flow Alignment

Aligns income directly with standard monthly expenses

Early Warning Signals

Provides early warning signals of cash flow changes

Specialized Structures

Gains exposure to structured high-yielding business models

Frequently Asked Questions

Why exclude ADRs?
ADRs often have unpredictable withholding taxes and irregular payment schedules, unlike US-based REITs like Realty Income.
Is a 2% yield too low?
A 2% yield is a baseline to filter out growth stocks that pay token dividends, such as Apple, which focuses on buybacks over high yield.
How often should I check the payout ratio?
Review it quarterly. If a company like AGNC Investment sees its payout ratio spike above 100%, the monthly dividend is likely at risk.
Are monthly dividends better than quarterly?
They provide better compounding opportunities for reinvestment, similar to how monthly mortgage payments reduce principal faster than annual ones.
What is the best sector for monthly dividends?
REITs and BDCs dominate this space because their business models, like those of Main Street Capital, generate recurring monthly cash flow.
Can I live off these dividends?
Yes, but you need a large principal. To generate $2,000/month at a 5% yield, you would need a $480,000 portfolio.
Do these stocks grow in price?
Income stocks often trade sideways. Unlike Nvidia, which grew 200%+ in 2023, monthly payers prioritize stability over explosive growth.
What happens if a company stops paying monthly?
It is a major red flag. When a firm switches from monthly to quarterly, it usually signals a cash crunch, as seen with several firms during the 2008 crisis.

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