Updated on March 31st, 2025 by Bob Ciura
Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers.
For this reason, we created a full list of ~80 monthly dividend stocks.
You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter like dividend yield and payout ratio) by clicking on the link below:
In addition, stocks that have high dividend yields are also attractive for income investors.
With the average S&P 500 yield hovering around 1.3%, investors can generate much more income with high-yield stocks. Screening for monthly dividend stocks that also have high dividend yields makes for an appealing combination.
This article will list the 20 highest-yielding monthly dividend stocks.
Table Of Contents
The following 20 monthly dividend stocks have high dividend yields above 5%. Stocks are listed by their dividend yields, from lowest to highest.
The list excludes oil and gas royalty trust, which have extreme fluctuations in their dividend payouts from one quarter to the next due to the underlying volatility of commodity prices.
You can instantly jump to an individual section of the article by utilizing the links below:
- High-Yield Monthly Dividend Stock #20: Gladstone Capital (GLAD)
- High-Yield Monthly Dividend Stock #19: SmartCentres Real Estate Investment Trust (CWYUF)
- High-Yield Monthly Dividend Stock #18: Modiv Industrial (MDV)
- High-Yield Monthly Dividend Stock #17: Apple Hospitality REIT (APLE)
- High-Yield Monthly Dividend Stock #16: Bank Bradesco (BBD)
- High-Yield Monthly Dividend Stock #15: Gladstone Commercial (GOOD)
- High-Yield Monthly Dividend Stock #14: KEG Royalties Income Fund (KRIUF)
- High-Yield Monthly Dividend Stock #13: Firm Capital Property Trust (FRMUF)
- High-Yield Monthly Dividend Stock #12: Itau Unibanco (ITUB)
- High-Yield Monthly Dividend Stock #11: Fortitude Gold Corp. (FTCO)
- High-Yield Monthly Dividend Stock #10: PennantPark Floating Rate Capital (PFLT)
- High-Yield Monthly Dividend Stock #9: Stellus Capital (SCM)
- High-Yield Monthly Dividend Stock #8: Ellington Financial (EFC)
- High-Yield Monthly Dividend Stock #7: Prospect Capital (PSEC)
- High-Yield Monthly Dividend Stock #6: Horizon Technology Finance (HRZN)
- High-Yield Monthly Dividend Stock #5: AGNC Investment Corporation (AGNC)
- High-Yield Monthly Dividend Stock #4: Dynex Capital (DX)
- High-Yield Monthly Dividend Stock #3: Ellington Credit Co. (EARN)
- High-Yield Monthly Dividend Stock #2: ARMOUR Residential REIT (ARR)
- High-Yield Monthly Dividend Stock #1: Orchid Island Capital (ORC)
High-Yield Monthly Dividend Stock #20: Gladstone Capital (GLAD)
- Dividend Yield: 7.2%
Gladstone Capital is a business development company, or BDC, that primarily invests in small and medium businesses. These investments are made via a variety of equity (10% of portfolio) and debt instruments (90% of portfolio), generally with very high yields.
Loan size is typically in the $7 million to $30 million range and has terms up to seven years.
Gladstone posted first quarter earnings on February 12th, 2025, and results were weaker than expected. Earnings-per-share came to 50 cents, well short of the estimate for 65 cents.
Total investment income, which is akin to revenue, was down $1.8 million, or 7.4%, year-over-year. Compared to the September quarter, total investment income fell by $2.1 million.
The net increase in net assets resulting from operations was $27 million, or $1.21 per share. This was lower than the $31.8 million, or $1.46 per share, gain in the September quarter.
Gladstone noted $152 million in new fundings for the quarter, including six new portfolio companies. Exits and prepayments were $165 million, so net new funding was -$13 million. Total debt investments rose by $45 million during the quarter.
Click here to download our most recent Sure Analysis report on GLAD (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #19: SmartCentres Real Estate Investment Trust (CWYUF)
- Dividend Yield: 7.3%
SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust mostly focused on retail properties. CWYUF remains Walmart’s only real estate development partner in the world.
As of December 31st, 2024, the company owned 195 properties spanning 35.3 million square feet throughout population centers in Canada. CWYUF has approximately 85 million square feet of projected mixed-used development initiatives in its pipeline, which make up about 14% of total assets. This is several times larger than the peer average of 4.2%.
CWYUF’s typical tenants are large (95%+ of tenants are national or regional) and provide consumers with essential services. These include the likes of Walmart (23.2% of annualized rent) and Canadian supermarket chains Loblaws and Sobeys (2.8% and 2.1% of annualized rent, respectively).
Other financially healthy tenants include the likes of off-price department store retailer TJX Companies (4.4% of annualized rent) and consumer electronics retailer Best Buy (1.4% of annualized rent).
CWYUF’s focus on well-established tenants translates into a 98.7% committed occupancy rate, which is above the peer average of 97.3%.
On February 12th, the REIT shared its financial results for the fourth quarter ended December 31st, 2024. CWYUF’s revenue grew by 7.3% year-over-year to $167.7 million (adjusted for average CAD to USD conversion rates in Q4 2023 and Q4 2024).
Strong occupancy, higher lease rates, and modest growth in total properties contributed to these results. The company’s AFFO per unit edged 0.6% higher over the year-ago period to $0.35.
Click here to download our most recent Sure Analysis report on CWYUF (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #18: Modiv Industrial (MDV)
- Dividend Yield: 7.5%
Modiv Industrial acquires, owns, and actively manages single-tenant net-lease industrial, retail, and office properties in the United States, focusing on strategically essential and mission-critical properties with predominantly investment-grade tenants.
As of its most recent filings, the company’s portfolio comprised 43 properties that occupied 4.5 million square feet of aggregate leasable area.
On March 4th, 2025, Modiv reported its Q4 and full-year results for the period ending December 31st, 2024. For the quarter, rental income came in at $11.7 million, down 4.8% year-over-year.
This was mainly due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties.
Management fee income also fell from $99 thousand to $66 thousand. Thus, total income was $11.7 million, down 5.3% from $12.4 million last year.
AFFO was $4.1 million, or $0.37 per diluted share, down from AFFO of $4.5 million, or $0.40 per diluted share last year.
For the year, AFFO per share was $1.34. For FY2025, we expect AFFO per share of $1.38 based on the company’s current leasing profile.
Click here to download our most recent Sure Analysis report on MDV (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #17: Apple Hospitality REIT (APLE)
- Dividend Yield: 7.5%
Apple Hospitality REIT is a hotel REIT that owns a portfolio of hotels with tens of thousands of rooms located across dozens of states.
It franchises its properties out to leading brands, including Marriott-branded hotels, Hilton-branded hotels, and Hyatt-branded hotels.
Source: Investor Presentation
Since it first began reporting FFO/share in its annual reports (2011), Apple initially generated very impressive annualized FFO/share growth thanks to its growing scale (due in large part to a merger in 2015), effective and efficient business model, and strong economic tailwinds in the United States during that period.
Typically, during a recessionary period, hotel REITs experience significant losses of income. Therefore, Apple is likely not very recession resistant.
However, its concentration in strong brand names, excellent locations, strong balance sheet, franchising model, and emphasis on value should enable it to outperform its peers in a recession.
Click here to download our most recent Sure Analysis report on APLE (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #16: Bank Bradesco (BBD)
- Dividend Yield: 7.1%
Banco Bradesco offers various banking products and financial services to individuals, corporations, and businesses in Brazil and internationally.
The company’s two main segments are banking and insurance, including checking and savings accounts, demand deposits, and time deposits, as well as accident and property insurance products, and investment products. The company generates around $34 billion in total interest income and is headquartered in Osasco, Brazil.
On February 6th, 2025, Banco Bradesco released its FY2024 results for the period ending December 31st, 2024. For the year, the banking segment’s net interest income reached approximately $13.1 billion, a 2.3% decline year-over-year in USD terms.
The decline was primarily driven by lower client NII, which continues to reflect a shift in the credit mix toward lines with lower spreads, despite the benefit of increased collateralization and secured loan growth.
Management highlighted that although market NII dropped sharply, improved credit quality and margin on deposits contributed to stability. Income from insurance operations improved, with operating income rising to $3.9 billion, up 7.5% year-over-year.
The insurance segment posted a recurring net income of $1.8 billion, nearly flat compared to 2023, supported by improved claims ratios and stronger financial income.
Click here to download our most recent Sure Analysis report on BBD (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #16: Gladstone Commercial (GOOD)
- Dividend Yield: 7.6%
Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S.
The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.
The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.
Gladstone posted fourth quarter and full-year earnings on February 18th, 2025, and results were somewhat weak. Funds-from-operations per share came to 35 cents, which met expectations. Revenue was $37.4 million, which missed estimates by $0.66 million. The slight move up in revenue was driven by higher straight-line rents.
Same-store rents were up 5% year-over-year, which was supported by increased straight-line rent rates and recovery revenue. Operating expenses were down to $25 million from $28.1 million a year ago, partially due to reduced impairment charges.
Click here to download our most recent Sure Analysis report on GOOD (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #14: KEG Royalties Income Fund (KRIUF)
- Dividend Yield: 8.1%
The Keg Royalties Income Fund is a publicly traded income trust that earns revenue via a 4% royalty on the gross sales of Keg Steakhouse & Bar restaurants included in its Royalty Pool, rather than operating restaurants itself.
As of the end of last year, the Fund’s Royalty Pool comprised 105 Keg locations across Canada and the U.S., generating $719.5 million in sales.
The Fund’s sole purpose is to provide stable, tax-efficient monthly cash distributions to its unit holders, supported by the enduring strength of The Keg brand.
Regarding the restaurant, operated by Keg Restaurants Ltd., The Keg holds a strong market position in the full-service dining category, committed to upholding high standards of food quality and guest experience.
On March 6th, 2025, The Keg Royalties Income Fund reported its 2024 results for the year ended December 31st, 2024.
For the period, the 105 Keg restaurants in the Royalty Pool generated approximately $496.5 million in sales, reflecting a 3.0% decline from the prior year.
This drop was primarily due to the absence of a 53rd operating week that had boosted 2023 figures, alongside a modest 0.7% decrease in same-store sales.
Click here to download our most recent Sure Analysis report on KRIUF (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #13: Firm Capital Property Trust (FRMUF)
- Dividend Yield: 8.9%
Firm Capital Property Trust is a Canadian REIT that owns and co-owns a diversified portfolio of income-producing real estate across three core segments: industrial, multi-residential/manufactured home communities (MHCs), and grocery anchored and service-based retail.
The Trust emphasizes capital preservation and disciplined investing, often partnering with institutional-grade operators through joint ventures.
As of its latest report, its portfolio has over 4.3 million square feet of commercial space, alongside nearly 600 apartment units and over 500 MHC sites, with properties located in key markets across Ontario, Quebec, Alberta, and the Maritimes.
The portfolio is widely diversified by geography and tenant base, with a strong focus on necessity-driven uses and high occupancy across asset classes.
On November 7th, 2024, Firm Capital Property Trust released its financial results for the quarter ended September 30th, 2024. Rental revenue for the quarter totaled $11.02 million, driven by strong occupancy across its diversified portfolio of industrial, residential, and retail properties.
Overall portfolio occupancy was still high, with residential and manufactured home communities operating near or at full capacity, and retail and industrial assets maintaining solid leasing levels.
Net operating income (NOI) came in at $7.17 million, reflecting the Trust’s disciplined operating cost management and steady rental performance. Funds from Operations (FFO) for Q3 were $3.53 million, or $0.095 per unit.
Click here to download our most recent Sure Analysis report on FRMUF (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #12: Itau Unibanco (ITUB)
- Dividend Yield: 9.1%
Itaú Unibanco Holding S.A. is headquartered in Sao Paulo, Brazil. The bank has operations across South America and other places like the United States, Portugal, Switzerland, China, Japan, etc.
On February 6th, 2025, Itaú Unibanco reported fourth-quarter and full year results for 2024. The company reported recurring managerial result reached R$10.9 billion, up 2.0% from the previous quarter, with a 22.1% return on equity.
The loan portfolio grew 6.3% overall and 5.8% in Brazil, driven by mortgage (+5.6%), vehicle financing (+1.8%), and credit card loans (+6.8%).
Small and medium-sized business loans rose 8.1% due to foreign exchange effects and government backed financing. Corporate lending increased 6.8%.
Higher lending and an improved liabilities margin led to a 3.7% rise in the financial margin with clients, while credit costs rose 4.8%. Nonperforming loans over 90 days (NPL 90) improved to 2.4%, with similar gains in short-term delinquency rates.
Click here to download our most recent Sure Analysis report on ITUB (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #11: Fortitude Gold (FTCO)
- Dividend Yield: 9.6%
Fortitude Gold is a junior gold producer with operations in Nevada, U.S.A, one of the world’s premier mining friendly jurisdictions. The company targets high-grade gold open pit heap leach operations averaging one gram per tonne of gold or greater.
Its property portfolio currently consists of 100% ownership in six high-grade gold properties. All six properties are within an approximate 30-mile radius of one another within the prolific Walker Lane Mineral Belt.
Source: Investor Presentation
On February 25th, 2025, Fortitude Gold released its full-year 2024 results for the period ending December 31st, 2024. For the year, revenues came in at $37.3 million, representing a 49% decline compared to 2023.
The decrease in revenue was largely due to a 58% drop in gold sales volume and a 22% decrease in silver sales volume. These declines were partially offset by a 22% increase in gold prices and an 18% increase in silver prices.
Moving to the bottom line, the company reported a mine gross profit of $18.3 million compared to $41.2 million the previous year, reflecting the lower net sales.
Fortitude recorded a net loss of $2.0 million versus a net income of $17.0 million in 2023. On a per-share basis, the company posted a net loss of $0.08 compared to net income of $0.71 per share in the prior year.
Click here to download our most recent Sure Analysis report on FTCO (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #10: PennantPark Floating Rate Capital (PFLT)
- Dividend Yield: 11.0%
PennantPark Floating Rate Capital Ltd. is a business development company that seeks to make secondary direct, debt, equity, and loan investments.
The fund also aims to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies, equity securities, preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.
PennantPark Floating Rate Capital (PFLT) reported its Q1 2025 results on February 11, 2025, highlighting stable financial performance and continued investment activity.
For the quarter ended December 31, the company posted GAAP net investment income of $0.37 per share and core net investment income of $0.33 per share.
PFLT’s portfolio grew 11% from the previous quarter to $2.2 billion, driven by $607 million in investments across 11 new and 58 existing portfolio companies at a weighted average yield of 10.3%.
Click here to download our most recent Sure Analysis report on PFLT (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #9: Stellus Capital (SCM)
- Dividend Yield: 11.2%
Stellus Capital Management provides capital solutions to companies with $5 million to $50 million of EBITDA and does so with a variety of instruments, the majority of which are debt.
Stellus provides first lien, second lien, mezzanine, convertible debt, and equity investments to a diverse group of customers, generally at high yields, in the US and Canada.
Stellus posted fourth quarter and full-year earnings on March 4th, 2025, and results were about as expected. The company saw investment income total $25.6 million, which was off from $28 million a year ago. This is mostly interest income from the company’s portfolio, and is akin to revenue.
Gross operating expenses were $16 million, better than the $16.4 million a year ago. Net investment income was $9.6 million, or 35 cents per share, in Q4. A year ago, those were $11.9 million, and 49 cents per share, respectively. Shares outstanding hurt NII per-share as they rose from 24.1 million to more than 27 million.
For the fourth quarter, the company’s investment portfolio had a net change in unrealized depreciation of -$6.9 million, down sharply from net appreciation of $27 million a year ago. Net realized gains were $6 million this quarter, much better than the $30.5 million loss a year ago.
Click here to download our most recent Sure Analysis report on Stellus (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #8: Ellington Financial (EFC)
- Dividend Yield: 11.8%
Ellington Financial Inc. acquires and manages mortgage, consumer, corporate, and other related financial assets in the United States.
The company acquires and manages residential mortgage–backed securities (RMBS) backed by prime jumbo, Alt–A, manufactured housing, and subprime residential mortgage loans.
Additionally, it manages RMBS, for which the U.S. government guarantees the principal and interest payments. It also provides collateralized loan obligations, mortgage–related and non–mortgage–related derivatives, equity investments in mortgage originators and other strategic investments.
You can see a snapshot of Ellington’s investment portfolio in the image below:
Source: Investor Presentation
On February 27th, 2025, Ellington Financial reported its Q4 results for the period ending December 31st, 2024. As with previous quarters, the company reported only income, not revenues. Gross interest income totaled $108.0 million, a notable increase from Q3, driven by higher contribution from Longbridge and expansion in several credit verticals.
Adjusted EPS (or “Adjusted Distributable Earnings per share”) came in at $0.45, up five cents sequentially. The increase was led by strong originations and securitization-related gains at Longbridge, which continues to be a major earnings engine.
The Agency strategy remained a drag on performance, reporting a net loss of $0.04 per share, as hedging gains couldn’t fully offset RMBS losses in the rising rate environment.
Click here to download our most recent Sure Analysis report on Ellington Financial (EFC) (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #7: Prospect Capital (PSEC)
- Dividend Yield: 13.5%
Prospect Capital Corporation is a Business Development Company, or BDC, that provides private debt and private equity to middle–market companies in the U.S.
The company focuses on direct lending to owner–operated companies, as well as sponsor–backed transactions. Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional equity investments.
Source: Investor Presentation
Prospect posted second quarter earnings on February 10th, 2025, and results were somewhat weak. Net investment income per-share acme to 20 cents, while total investment income fell from $211 million to $185 million year-over-year.
NII per-share fell from 21 cents in Q1, and 24 cents from the year-ago period. Total interest income was $169 million for the quarter, down from $185 million in the prior quarter, and $195 million a year ago. It also missed estimates by about $2 million.
Total originations were $135 million, down sharply from $291 million in the previous quarter. Total payments and sales were $383 million, up from $282 million in Q1.
Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #6: Horizon Technology (HRZN)
- Dividend Yield: 14.0%
Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.
The company has generated attractive risk–adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants.
Source: Investor Presentation
On March 4th, 2025, Horizon released its Q4 and full-year results for the period ending December 31st, 2024. For the quarter, total investment income fell 16.7% year-over-year to $23.5 million, primarily due to lower interest income on investments from the debt investment portfolio.
More specifically, the company’s dollar-weighted annualized yield on average debt investments in Q4 of 2024 and Q4 of 2023 was 14.9% and 16.8%, respectively.
Net investment income per share (IIS) fell to $0.27, down from $0.45 compared to Q4-2023. Net asset value (NAV) per share landed at $8.43, down from $9.06 sequentially.
Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #5: AGNC Investment Corporation (AGNC)
- Dividend Yield: 15.5%
American Capital Agency Corp is a mortgage real estate investment trust that invests primarily in agency mortgage–backed securities (or MBS) on a leveraged basis.
The firm’s asset portfolio is comprised of residential mortgage pass–through securities, collateralized mortgage obligations (or CMO), and non–agency MBS. Many of these are guaranteed by government–sponsored enterprises.
In the fourth quarter of 2024, AGNC Investment Corp. reported a comprehensive loss per common share of $0.99, a reversal from the comprehensive income of $0.93 per share recorded in the previous quarter.
Despite this, the company achieved a positive economic return of 13.2% for the full year, driven by its consistent monthly dividend totaling $1.44 per common share.
The company’s net spread and dollar roll income, excluding catch-up premium amortization, was $0.65 per common share for the quarter, down from $0.67 per share in the prior quarter.
AGNC’s tangible net book value per common share stood at $9.08 as of December 31, 2024, reflecting a decrease from $9.84 at the end of the third quarter.
Click here to download our most recent Sure Analysis report on AGNC Investment Corp (AGNC) (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #4: Dynex Capital (DX)
- Dividend Yield: 15.6%
Dynex Capital invests in mortgage–backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non–agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest–only securities.
Source: Investor Presentation
Dynex Capital released its fourth-quarter 2024 financial results, with book value ending the quarter at $12.70 per share and an economic return of 7.4% for the year.
Leverage increased slightly to 7.9x as the company deployed capital into higher-yielding agency RMBS, particularly 30-year 4.5%, 5%, and 5.5% coupons.
The shift from treasury futures to interest rate swaps was a key strategy, enhancing portfolio returns by 200 to 300 basis points and improving net interest spread.
Click here to download our most recent Sure Analysis report on DX (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #3: Ellington Credit Co. (EARN)
- Dividend Yield: 16.5%
Ellington Credit Co. acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. government–sponsored enterprise.
Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.
On March 12th, 2025, Ellington Residential reported its fourth quarter results for the period ending December 31, 2024. The company generated a net loss of $(2.0) million, or $(0.07) per share.
Ellington achieved adjusted distributable earnings of $7.8 million in the quarter, leading to adjusted earnings of $0.27 per share, which covered the dividend paid in the period.
Ellington’s net interest margin was 5.07% overall. At quarter end, Ellington had $31.8 million of cash and cash equivalents, and $79 million of other unencumbered assets.
Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #2: ARMOUR Residential REIT (ARR)
- Dividend Yield: 16.9%
ARMOUR Residential invests in residential mortgage-backed securities that include U.S. Government-sponsored entities (GSE) such as Fannie Mae and Freddie Mac.
It also includes Ginnie Mae, the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans.
Unsecured notes and bonds issued by the GSE and the US Treasury, money market instruments, and non-GSE or government agency-backed securities are examples of other types of investments.
In the fourth quarter of 2024, ARMOUR Residential REIT, Inc. reported a GAAP net loss of $49.4 million, or $0.83 per common share. Despite this, the company achieved distributable earnings of $46.5 million, equating to $0.78 per common share, which fell short of the anticipated $0.97. Net interest income for the quarter was $12.7 million.
During this period, ARMOUR raised approximately $136.2 million through the issuance of about 7.2 million shares via an at the market offering program. The company maintained its monthly common stock dividend at $0.24 per share, totaling $0.72 for the quarter.
Click here to download our most recent Sure Analysis report on ARMOUR Residential REIT Inc (ARR) (preview of page 1 of 3 shown below):
High-Yield Monthly Dividend Stock #1: Orchid Island Capital (ORC)
- Dividend Yield: 18.7%
Orchid Island Capital is a mortgage REIT that is externally managed by Bimini Advisors LLC and focuses on investing in residential mortgage-backed securities (RMBS), including pass-through and structured agency RMBSs.
These financial instruments generate cash flow based on residential loans such as mortgages, subprime, and home-equity loans.
In the fourth quarter of 2024, Orchid Island Capital, Inc. reported a net income of $0.07 per share, a decrease from $0.24 per share in the previous quarter. The company’s book value declined from $8.40 at the end of the third quarter to $8.09 at year-end.
As of December 31, 2024, Orchid Island Capital’s portfolio consisted of approximately $4.2 billion in residential mortgage-backed securities (RMBS), with a net weighted average coupon of 3.5%. The company’s leverage ratio stood at 8.1 times, reflecting its strategy of utilizing leverage to enhance returns.
Click here to download our most recent Sure Analysis report on Orchid Island Capital, Inc. (ORC) (preview of page 1 of 3 shown below):
Final Thoughts
Monthly dividend stocks could be more appealing to income investors than quarterly or semi-annual dividend stocks. This is because monthly dividend stocks make 12 dividend payments per year, instead of the usual 4 or 2.
Furthermore, monthly dividend stocks with high yields above 5% are even more attractive for income investors.
The 20 stocks on this list have not been vetted for dividend safety, meaning each investor should understand the unique risk factors of each company.
That said, these 20 dividend stocks make monthly payments to shareholders, and all have high dividend yields.
Further Reading
If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:
Monthly Dividend Stock Individual Security Research
Other Sure Dividend Resources
- Dividend Kings: 50+ years of rising dividends
- Dividend Champions: 25+ years of rising dividends
- Dividend Aristocrats: 25+ years of rising dividends and in the S&P 500