Primarily, you’ll find these around Phoenix, Arizona. The company owns, operates and manages water, wastewater and recycled water utilities. Global Water Resources has a 1.9% dividend yield. The company has done well as shipping has increased with the shutdowns. And most of its rental revenue comes from Midwestern and Eastern U.S. Stag Industrial focuses on warehouse and distribution buildings. And that structure requires it to pay out 90% of its income to shareholders. The company is a real estate investment trust. Stag Industrial has a 3.5% dividend yield. This should help the company continue to pay its monthly dividends. It acquired Wind Mobile in 2016 and is upgrading those services. Shaw Communications has a big landline phone business and has also expanded to wireless. It provides internet, television and phone services in Alberta, British Columbia, Manitoba, Saskatchewan and Ontario. To support this healthy yield, Shaw is one of the largest cable companies in Canada. Shaw Communications has a 3.2% dividend yield. Its wide range of services has helped make it one of the top monthly dividend stocks around. And Main Street Capital is positioned to continue bringing in revenue. Since its start in the mid-1990s, it’s worked with more than 200 companies. The company is an investment firm that deals in equity and debt financing. Main Street Capital has an 5.9% dividend yield.
And this consistent rent income makes Realty Income’s monthly dividend a pretty safe bet going forward. This also adds diversification benefit and another layer of stability. The company leases its properties out to clients in a wide range of industries, as well. This provides some diversification benefit. You can find these properties in almost every U.S. It owns about 5,000 properties, most of which are single-tenant retail.
And if you’re looking for other dividend investing opportunities, check out our other dividend stocks research. Overall, the stocks below give ownership in great businesses.īelow, you’ll find a better breakdown of each company. Then, I dug into each business to determine its financial health and growth potential. To make the cut, paying monthly dividends was just the first hurdle. With it, you’ll be able to set up a steady stream of income… That’s why I’ve put together this special list of dividend stocks. When you buy monthly dividend stocks, you can collect cash every single month.īut there are not many companies that pay monthly dividends. And for investors who need consistent income, dividend stocks are one of the best investment opportunities. Over the long term, dividends make up a big chunk of total stock markets returns.
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