Use this list of monthly dividend stocks to find the best for your portfolio and collect that cash flow!
Monthly dividend stocks are some of the most popular investments among investors. Most of these pay dividend yields three- and four-times the market average and they do it every single month! What’s not to like about that?
But the problem is finding the best monthly dividend stocks and being able to compare them side-by-side. Dividend payments change so often that it’s tough keeping up. That’s why I created a monthly dividend stock list so you can always find the dividend stocks to watch.
Use the table below to compare monthly dividend stocks. Check the current yield on your investing app but I’ll be updating the list each month.
How to Read the Monthly Dividend Table: Annual Payment is in dollars while Dividend Yield and 5-Year Total Return are in whole numbers so 0.35 is 35% and 2.61 is 261%
NameTicker SymbolStock or ETFDividend YieldAnnual PaymentFive-Year Total ReturnAnalysisAgree Realty CorporationADCStock0.04012.8210350.7263AGNC InvestmentAGNCStock0.11841.41488-0.04552How to Invest $1000 in Dividend Stocks | 7 Stock PortfolioWisdomTree Interest Rate Hedged U.S. Aggregate Bond FundAGZDETF0.01830.8425320.07294Global X Alternative Income ETFALTYETF0.06750.8012250.13263ARMOUR Residential REITARRStock0.15791.182671-0.49767 Highest Paying Monthly Dividend Stocks | 2022 UpdatedAllianceBernstein Global High Income FundAWFETF0.07760.7744480.08008Banco BradescoBBDStock0.01950.07371-0.4203Banco BradescoBBDOStock0.02120.067416-0.59155BlackRock Capital Allocation TrustBCATStock0.07891.193757-0.1589iShares USD Green Bond ETFBGRNETF0.03621.726740.011664BlackRock Investment Quality Municipal TrustBKNStock0.05590.8021650.18595BlackRock Income TrustBKTStock0.07720.3474-0.01806Vanguard Total Bond Market Index FundBNDETF0.02932.2250.057How to Invest like a Boglehead, the Easiest Investment Strategy EverVanguard Total World Bond ETFBNDWETF0.02731.9039020.02982Vanguard Total International Bond Index FundBNDXETF0.01810.8903390.03296Broadmark Realty CapitalBRMKStock0.11340.789264-0.32427Invesco BulletShares (R) 2022 Municipal Bond ETFBSMMETF0.01510.382030.02595Invesco BulletShares (R) 2023 Municipal Bond ETFBSMNETF0.02060.5197380.02477Invesco BulletShares (R) 2024 Municipal Bond ETFBSMOETF0.02370.5910780.00523Invesco BulletShares (R) 2025 Municipal Bond ETFBSMPETF0.0260.639860.01359Invesco BulletShares (R) 2026 Municipal Bond ETFBSMQETF0.02770.659537-0.00874Invesco BulletShares (R) 2027 Municipal Bond ETFBSMRETF0.02830.670993-0.013316Invesco BulletShares (R) 2028 Municipal Bond ETFBSMSETF0.03040.712272-0.041717Invesco BulletShares 2029 Municipal Bond ETFBSMTETF0.03030.700536-0.03182VictoryShares US EQ Income Enhanced Volatility Wtd ETFCDCETF0.03142.141480.807101VictoryShares US Large Cap High Div Volatility Wtd ETFCDLETF0.03151.886850.644249Eaton Vance California Municipal Income TrustCEVStock0.05070.5536440.056092VictoryShares Emerging Market High Div Volatility Wtd ETFCEYETF0.06481.27332-0.0125628VictoryShares US 500 Enhanced Volatility Wtd ETFCFOETF0.00160.1065440.587365VictoryShares International High Div Volatility Wtd ETFCIDETF0.02660.8142260.077816MFS Intermediate High Income FundCIFETF0.10450.215270.1103924VictoryShares International Volatility Wtd ETFCILETF0.01640.626480.133531VictoryShares Developed Enhanced Volatility Wtd ETFCIZETF0.00150.044940.0162822MFS High Yield Municipal TrustCMUStock0.0540.18576-0.07044Cross Timbers Royalty TrustCRTStock0.07091.3662431.01569VictoryShares US Small Cap Volatility Wtd ETFCSAETF0.00960.5640.477244VictoryShares US Small Cap High Div Volatility Wtd ETFCSBETF0.02931.5956780.59613VictoryShares US Discovery Enhanced Volatility Wtd ETFCSFETF0.00070.0389340.42542MFS High Income Municipal TrustCXEStock0.05550.21756-0.05751MFS Investment Grade Municipal TrustCXHStock0.05260.404494-0.03875Delaware Investments Dividend and Income FundDDFETF0.11731.0850250.356304WisdomTree U.S. SmallCap Quality Dividend Growth FundDGRSETF0.02210.9213490.399932WisdomTree U.S. Quality Dividend Growth FundDGRWETF0.01781.0388080.74835BNY Mellon High Yield Strategies FundDHFETF0.09170.2173290.04107BNY Mellon Municipal IncomeDMFStock0.05030.345561-0.0524137DNP Select Income FundDNPETF0.07160.791180.372670BNY Mellon Strategic Municipal Bond FundDSMETF0.05590.359996-0.061224BlackRock Debt Strategies FundDSUETF0.07590.721050.167076DTF Tax-Free Income 2028 Term FundDTFETF0.03190.3894990.0074257Dynex CapitalDXStock0.09651.559440.3433083Ellington Residential Mortgage REITEARNStock0.11850.94563-0.052256Eagle Point CreditECCStock0.12831.5768070.167141Global X MSCI SuperDividend EAFE ETFEFASETF0.05160.7414920.04585Ellington FinancialEFCStock0.11491.8004830.610483iShares J.P. Morgan USD Emerging Markets Bond ETFEMBETF0.06125.337864-0.051647Western Asset Emerging Markets Debt FundEMDETF0.09960.933252-0.079567EPR PropertiesEPRStock0.06443.096352-0.052984Eaton Vance Municipal Income TrustEVNStock0.05050.5701450.096116iShares Fallen Angels USD Bond ETFFALNETF0.06051.522180.184First Trust California Municipal High Income ETFFCALETF0.02641.2943920.100808First Trust Income Opportunity ETFFCEFETF0.06511.3644960.243179First Trust Emerging Markets Local Currency Bond ETFFEMBETF0.07191.973655-0.17194First Trust TCW Opportunistic Fixed Income ETFFIXDETF0.02721.2669760.044394First Trust Managed Municipal ETFFMBETF0.02671.3667730.08384First Trust Municipal High Income ETFFMHIETF0.03341.6192320.11065Franklin Universal TrustFTStock0.06370.4962230.42673First Trust BuyWrite Income ETFFTHIETF0.00550.1163250.21551First Trust Nasdaq BuyWrite Income ETFFTLBETF0.00480.10032-0.035087First Trust Senior Loan FundFTSLETF0.03691.6800570.130618First Trust Enhanced Short Maturity ETFFTSMETF0.01260.7494480.06385Gladstone InvestmentGAINStock0.06050.8730151.25821Templeton Global Income FundGIMETF0.09010.409955-0.08803Gladstone CapitalGLADStock0.07320.8037360.702327 Highest Paying Monthly Dividend Stocks | 2022 UpdatedCredit Suisse X-Links Gold Shares Covered Call ETNGLDIStock0.14561.1749920.38659iShares GNMA Bond ETFGNMAETF0.01660.7529760.0008826Gladstone CommercialGOODStock0.07631.4703010.31805745 Safe Monthly Dividend Stocks that Will Never Let You DownU.S. Global InvestorsGROWStock0.01860.089282.844613Global Water ResourcesGWRSStock0.02110.2941340.665471Strategy Shares Nasdaq 7 Handl Index ETFHNDLETF0.06851.4624750.184137Horizon Technology FinanceHRZNStock0.11.1920.717579How to Live off Your Dividends as Fast as PossibleThe New America High Income FundHYBETF0.07850.582470.11077First Trust Tactical High Yield ETFHYLSETF0.06262.5622180.08280WisdomTree Interest Rate Hedged High Yield Bond FundHYZDETF0.0430.893110.098360iShares iBonds Dec 2023 Term Treasury ETFIBTDETF0.02140.533716-0.020424iShares iBonds Dec 2024 Term Treasury ETFIBTEETF0.02610.635796-0.045454iShares iBonds Dec 2026 Term Treasury ETFIBTGETF0.0280.65296-0.094368iShares iBonds Dec 2027 Term Treasury ETFIBTHETF0.02860.65494-0.114119iShares iBonds Dec 2028 Term Treasury ETFIBTIETF0.02890.654874-0.127454iShares iBonds Dec 2029 Term Treasury ETFIBTJETF0.02860.642356-0.139463iShares iBonds Dec 2030 Term Treasury ETFIBTKETF0.01840.3772-0.162581iShares 7-10 Year Treasury Bond ETFIEFETF0.02762.7801480.0203606iShares 3-7 Year Treasury Bond ETFIEIETF0.02773.2697080.023320iShares 5-10 Year Investment Grade Corporate Bond ETFIGIBETF0.0442.252360.07632iShares 1-5 Year Investment Grade Corporate Bond ETFIGSBETF0.03611.8226890.072657Invesco Value Municipal Income TrustIIMStock0.05540.7262940.086164Invesco Quality Municipal Income TrustIQIStock0.05560.5749040.036072iShares Core 1-5 Year USD Bond ETFISTBETF0.03181.5047760.050854Itaú UnibancoITUBStock0.01640.0860.0194iShares Core Total USD Bond Market ETFIUSBETF0.03241.5153480.040258Nuveen Multi-Market Income FundJMMETF0.05630.3456820.047781Invesco KBW High Dividend Yield Financial ETFKBWDETF0.09591.6849630.11982Invesco KBW Premium Yield Equity REIT ETFKBWYETF0.06791.54133-0.134908DWS Strategic Municipal Income TrustKSMStock0.04940.465842-0.048435DWS Municipal Income TrustKTFStock0.04530.420384-0.110258Gladstone LandLANDStock0.02130.5171641.3968417 Highest Paying Monthly Dividend Stocks | 2022 UpdatedFirst Trust Low Duration Strategic Focus ETFLDSFETF0.02360.4458040.0021220BNY Mellon Strategic MunicipalsLEOStock0.05290.35443-0.0536723First Trust Low Duration Opportunities ETFLMBSETF0.01510.7303870.04380LTC PropertiesLTCStock0.05852.25693-0.01455Top 7 Monthly Dividend Stocks with the Highest ReturnsMain Street CapitalMAINStock0.06792.498720.3484795 Monthly Dividend Stocks that Beat the QYLDiShares MBS ETFMBBETF0.01931.8726790.0066396First Trust Flexible Municipal High Income ETFMCEFETF00-0.014312MFS Municipal Income TrustMFMStock0.04840.269588-0.024518MFS Special Value TrustMFVStock0.10120.5191560.269801MFS Government Markets Income TrustMGFStock0.08660.3056980.04308Western Asset Municipal High Income FundMHFETF0.03520.2344320.05882BlackRock MuniHoldings New York Quality FundMHNETF0.04650.516615-0.020282MFS Intermediate Income TrustMINStock0.10170.3010320.074098BlackRock MuniYield Michigan Quality FundMIYETF0.04950.662310.187222MFS Multimarket Income TrustMMTStock0.09950.463670.146427Western Asset Managed Municipals FundMMUETF0.04270.46116-0.042553Western Asset Municipal Partners FundMNPETF0.04270.537166-0.010228BlackRock MuniYield Pennsylvania Quality FundMPAETF0.05170.6602090.0905209BlackRock MuniYield Quality Fund IIMQTETF0.0560.658560.090909BlackRock MuniYield Quality FundMQYETF0.05040.6622560.046178Mesa Royalty TrustMTRStock0.05591.0989941.28339BlackRock MuniAssets FundMUAETF0.04370.523526-0.012366BlackRock MuniHoldings California Quality FundMUCETF0.05330.6459960.021922BlackRock MuniHoldings New Jersey Quality FundMUJETF0.05530.7288540.13425BlackRock MuniVest FundMVFETF0.05160.387516-0.030967BlackRock MuniVest Fund IIMVTETF0.04950.59994-0.02572BlackRock MuniYield FundMYDETF0.05230.598835-0.064542BlackRock MuniYield Quality Fund IIIMYIETF0.05150.6082150.014604BlackRock MuniYield New York Quality FundMYNETF0.04370.4706490.012218Nuveen Arizona Quality Municipal Income FundNAZETF0.0460.621920.11367Nuveen California Municipal Value FundNCAETF0.03190.2874190.045243Nuveen Select Maturities Municipal FundNIMETF0.02680.2481680.061926Nuveen Municipal Income FundNMIETF0.03210.302061-0.037832Nuveen Massachusetts Quality Municipal Income FundNMTETF0.04310.505994-0.019214Nuveen New York Municipal Value FundNNYETF0.03190.274978-0.00346Nuveen Missouri Quality Municipal Income FundNOMETF0.03980.49352-0.047619Nuveen Virginia Quality Municipal Income FundNPVETF0.04530.5712330.15370Nuveen Pennsylvania Quality Municipal Income FundNQPETF0.0460.56120.128584Nuveen Ohio Quality Municipal Income FundNUOETF0.03990.5103210.027309Nuveen Municipal Value FundNUVETF0.03730.3330890.049353Nuveen California Select Tax-Free Income PortfolioNXCStock0.0320.469120.122511Nuveen New York Select Tax-Free Income PortfolioNXNStock0.03350.395635-0.01088Nuveen Select Tax-Free Income PortfolioNXPStock0.03850.532070.125407Realty Income CorporationOStock0.04422.9154320.47693How to Live off Your Dividends as Fast as PossibleInvesco Municipal Income Opportunities TrustOIAStock0.00090.0064080.15210Orchid Island CapitalORCStock0.17140.527912-0.305054Oxford Lane CapitalOXLCStock0.13640.893420.408602Oxford Square CapitalOXSQStock0.10140.4187820.195196Western Asset Investment Grade Income FundPAIETF0.04520.5537-0.018429Pembina PipelinePBAStock0.04751.91710.565554Permian Basin Royalty TrustPBTStock0.01440.3072962.2333335 Royalty Trusts to Buy for Massive Cash FlowHigh Income Securities FundPCFETF0.11290.8704590.268092PCM FundPCMETF0.09430.9514870.363513John Hancock Premium Dividend FundPDTETF0.07521.1513120.356067Invesco High Yield Equity Dividend Achievers ETFPEYETF0.03620.7663540.51974iShares Preferred and Income Securities ETFPFFETF0.04741.578420.0943148How to Invest $1000 in Dividend Stocks | 7 Stock PortfolioPennantPark Floating Rate CapitalPFLTStock0.09691.1308230.3156707 Highest Paying Monthly Dividend Stocks | 2022 UpdatedFlaherty & Crumrine Preferred Income Opportunity FundPFOETF0.07880.7738160.132641PIMCO High Income FundPHKETF0.10090.5640310.083333Putnam Master Intermediate Income TrustPIMStock0.0760.26220.0504201Invesco 1-30 Laddered Treasury ETFPLWETF0.02730.8438430.025547Putnam Managed Municipal Income TrustPMMStock0.05960.3838240.086003Putnam Municipal Opportunities TrustPMOStock0.0570.623010.123329Putnam Premier Income TrustPPTStock0.0810.305370.0083718PermRock Royalty TrustPRTStock0.07810.790372-0.123809Prospect CapitalPSECStock0.09440.7136640.598308How to Invest $1000 in Dividend Stocks | 7 Stock PortfolioPIMCO Corporate & Income Opportunity FundPTYETF0.09551.388570.350046Permianville Royalty TrustPVLStock0.04630.2629842.61783Global X NASDAQ 100 Covered Call ETFQYLDETF0.00320.0571840.2921185 Monthly Dividend Stocks that Beat the QYLDPIMCO Strategic Income FundRCSETF0.11380.58607-0.22788Cohen & Steers Total Return Realty FundRFIETF0.07030.9602980.548752Sabine Royalty TrustSBRStock0.06615.5074522.06210Stellus Capital InvestmentSCMStock0.08861.1110440.505402iShares Short Treasury Bond ETFSHVETF0.00840.924840.050572iShares 1-3 Year Treasury Bond ETFSHYETF0.02411.9894550.035499Shaw CommunicationsSJRStock0.0330.912120.497291A Monthly Dividend Stock Portfolio You Can Count OnSan Juan Basin Royalty TrustSJTStock0.07320.984542.02927FlexShares Credit-Scored US Corporate Bond Index FundSKORETF0.01890.8968050.07328SL Green RealtySLGStock0.06523.451688-0.35721iShares 0-5 Year Investment Grade Corporate Bond ETFSLQDETF0.03291.5940050.069064SLR InvestmentSLRCStock0.10531.6353090.089824Credit Suisse X-Links Silver Shares Covered Call ETNSLVOStock0.31531.4220030.11730Highland/iBoxx Senior Loan ETFSNLNETF0.05420.820046-0.008519Source CapitalSORStock0.05812.219420.36088Special Opportunities FundSPEETF0.09871.3196190.480620Global X SuperDividend REIT ETFSRETETF0.07130.594642-0.201913STAG IndustrialSTAGStock0.04451.4280050.482907 Highest Paying Monthly Dividend Stocks | 2022 UpdatediShares ESG 1-5 Year USD Corporate Bond ETFSUSBETF0.03470.8345358.14448iShares ESG USD Corporate Bond ETFSUSCETF0.0410.953250.051084iShares 20+ Year Treasury Bond ETFTLTETF0.033.41310.0161664iShares Broad USD Investment Grade Corporate Bond ETFUSIGETF0.04292.1943350.05878Credit Suisse X-Links Crude Oil Shares Covered Call ETNsUSOIStock0.21271.244295-0.221038Invesco Bond FundVBFETF0.04380.689850.04790Vanguard Intermediate-Term Corporate Bond Index FundVCITETF0.04343.4724340.061985Vanguard Long-Term Corporate Bond Index FundVCLTETF0.04743.884430.054561Vanguard Short-Term Corporate Bond Index FundVCSHETF0.03552.70510.0670774Invesco California Value Municipal Income TrustVCVStock0.05280.5586240.041338Vermilion EnergyVETStock0.00380.088312-0.08539Delaware Investments National Municipal Income FundVFLETF0.04650.5398650.07599Vanguard Intermediate-Term Treasury Index FundVGITETF0.02851.7216850.027380Vanguard Long-Term Treasury Index FundVGLTETF0.03132.1759760.021151Invesco Trust for Investment Grade MunicipalsVGMStock0.05740.6078660.004743Vanguard Short-Term Treasury Index FundVGSHETF0.02531.4853630.039667Invesco Municipal TrustVKQStock0.05880.6038760.023928Invesco High Income Trust IIVLTStock0.10551.1573350.08721Vanguard Mortgage-Backed Securities Index FundVMBSETF0.01940.922470.001052Invesco Municipal Opportunity TrustVMOStock0.05530.5723550.009756Invesco Pennsylvania Value Municipal Income TrustVPVStock0.05210.5585120.09276Invesco Variable Rate Investment Grade ETFVRIGETF0.01440.3565440.08406304VictoryShares Dividend Accelerator ETFVSDAETF0.0150.639450.7586633VictoryShares US Multi-Factor Minimum Volatility ETFVSMVETF0.01450.5491150.658782Vanguard Total Corporate Bond ETFVTCETF0.02662.0556480.042352Invesco Trust for Investment Grade New York MunicipalsVTNStock0.04680.504972-0.01819Vanguard Emerging Markets Government Bond Index FundVWOBETF0.06073.802855-0.02747Western Asset Total Return ETFWBNDETF0.03260.69275-0.71174Western Asset Short Duration Income ETFWINCETF0.0340.810560.040139Whitestone REITWSRStock0.04180.4706680.227917Virtus Total Return FundZTRETF000.18715
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How to Use this List of Monthly Dividend Stocks
I’ve made the table sortable by column so you can sort through the list of monthly dividend stocks for the criteria you want. While the monthly stocks tend to pay higher yields, I recommend buying a few of the monthly dividend funds as well so you get a little more diversification for your portfolio.
Also, you can sort the table for the highest dividend yield but don’t just invest in those stocks. Pay attention to the column showing the five-year total return as well. Many monthly dividend stocks will see their share price fall which could mean you lose some of that dividend return if you ever sell the stock. Look for a balance between high yield and positive price return as well.
How to Find the Best Monthly Dividend Stocks
I love dividend stocks but most only pay every three months. That’s not how bills work. If you’ve ever tried paying your bills with the cash flow from a regular dividend stock, you know why monthly payers are so popular.
But there are drawbacks to monthly dividend stocks that you need to know about and even some that can be major risks. I’ll show you how to invest in monthly dividend stocks in this video along with my seven favorite that will pay your bills!
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One of the most important considerations to make is that most monthly dividend stocks are in just a few business types; master limited partnerships (MLPs), real estate investment trusts (REITs), and business development corporations (BDCs). These business types get special tax breaks if they pass on 90% of profits to investors. That means high dividend payouts but is also a risk to your portfolio.
If you’re only investing in the highest dividend-yielding stocks in the market, there’s a good chance your portfolio is going to be filled with just these types of companies. That could leave yourself up for a big loss if tax laws change or something happens to these three structures.
That’s why, even on the chance that you’ll have to invest in stocks with a lower dividend yield, you should always try to diversify your portfolio into some other sectors and businesses. It’s also why I recommend investing in at least a couple monthly dividend funds to give you greater diversification across many stocks. Fortunately there are some ETFs that invest in regular dividend stocks and then make dividend payments monthly from those cash flows.
Another way to manage your cash flows without only investing in monthly dividend stocks is to buy dividend stocks strategically for their payout dates. Since most dividend stocks declare and pay their dividends on a very consistent basis, usually in the same weeks every three months, you can actually plan it out to get a dividend check every week. That’s the strategy I’ll show you in this video and is definitely worth a look if you want that constant cash flow.
This monthly dividend stocks list will get you started and help you compare them side-by-side on some of the most important criteria. I’m always adding to the list and updating it so check back whenever you need to research monthly dividend stocks.
Don’t Miss the Rest of the Monthly Dividend Stock Series