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Most dividend stocks pay dividends on a quarterly, semi-annual, or annual basis. But there is a group of stocks that make dividend payments once per month. Monthly dividend stocks provide shareholders with 12 dividend payments per year, which could be attractive for investors looking for more frequent payouts.
Even better, the following 3 monthly dividend stocks all have high dividend yields, making them 3 of the best monthly dividend stocks right now.
1. STAG Industrial (STAG)
STAG Industrial is an owner and operator of industrial real estate. It is focused on single-tenant industrial properties and has 563 buildings across 41 states in the United States. The focus of this REIT on single-tenant properties might create higher risk compared to multi-tenant properties, as the former are either fully occupied or completely vacant. However, STAG Industrial executes a deep quantitative and qualitative analysis on its tenants.
As a result, it has incurred credit losses that have been less than 0.1% of its revenues since its IPO. As per the latest data, 53% of the tenants are publicly rated and 31% of the tenants are rated “investment grade.” The company typically does business with established tenants to reduce risk.
In late October, STAG Industrial reported (10/29/25) results for the third quarter of 2025. Core FFO per share grew 8% over last year’s quarter, from $0.60 to $0.65, beating the analysts’ consensus by $0.02, thanks to hikes in rent rates. Net operating income grew 4% over the prior year’s quarter while the occupancy rate fell sequentially from 96.3% to 95.8%.
Management slightly raised its guidance for core FFO per share this year, from $2.48 $2.52 to $2.52-$2.54. STAG Industrial has grown its FFO per share at a 6.0% average annual rate over the last decade and at a 5.5% average annual rate over the last five years.
The U.S. industrial market is more than $1 trillion in size and STAG Industrial still has a market share that is less than 1% of its target market, which includes the top 60 markets of the country. Therefore, the REIT has ample room to continue to grow for years.
STAG currently yields 4.0%.
2. Realty Income (O)
Realty Income is a retail-focused REIT that has become famous for its successful dividend growth history and monthly dividend payments. Today, the trust owns thousands of properties. Realty Income owns retail properties that are not part of a wider retail development (such as a mall), but instead are standalone properties. This means that the properties are viable for many different tenants, including government services, healthcare services, and entertainment.
On November 3, 2025, Realty Income Corporation reported third-quarter 2025 results including revenue of $1.47 billion, exceeding consensus estimates and year-ago levels. The company posted net income of approximately $315.8 million for the quarter. Same-store rental revenue rose 1.3% year-over-year to $1,162.3 million, and the rent recapture rate on re-leased units was 103.5% for both the quarter and the nine-month period ended September 30, 2025.
Future growth for the company will be based heavily on acquiring new properties. For example, last quarter Realty Income’s investment activity was strong, with $200 million in U.S. wholly-owned acquisitions during Q3 (47 properties, 12.2-year weighted average term) and $623.2 million across 105 properties year-to-date (15.3-year term) in total. The company noted initial weighted average cash yields of approximately 7.3% on recent U.S. real-estate investments and around 9% on European credit investments, reflecting favorable risk-adjusted pricing.
The company raised the lower bound of its 2025 AFFO per share guidance to $4.25–$4.27 (mid-point unchanged) and increased investment-volume guidance to approximately $5.5 billion. Realty Income demonstrated steady earnings, resilient cash flow and disciplined capital deployment in the net-lease REIT market, while maintaining high portfolio occupancy, cash-flow margin and financial flexibility.
Realty Income has increased its dividend for 28 consecutive years, and is today a Dividend Aristocrat.
3. Diversified Royalty Corp. (BEVFF)
Diversified Royalty Corp (TSX:DIV) is a Canadian royalty firm that acquires trademark and royalty rights from multi-location businesses and franchisors across North America.
Its portfolio includes a mix of service, retail, and consumer-facing brands such as Mr. Lube + Tires, Sutton, Oxford Learning, Mr. Mikes, Nurse Next Door, Stratus, BarBurrito, and the AIR MILES Reward Program.
The company earns royalty income based on system sales, agent counts, or fixed payments depending on the partner, and supplements this with management fees. Its model is structured around long-term royalty agreements that typically come with inflation-linked or fixed annual escalators.
On July 4th, Diversified Royalty raised its dividend by 10.1% to a monthly rate of CAD$0.0229.
On November 6th, 2025, Diversified Royalty reported its Q3 results for the period ending September 30th, 2025. Adjusted revenue for the quarter rose to about $12.35 million, reflecting continued contributions from Mr. Lube + Tires, Oxford, and the contractual annual increases from Stratus, Sutton, Nurse Next Door, and BarBurrito.
Adjusted royalty income reached about $12.25 million, supported by stable performance across the portfolio and partly offset by ongoing softness at AIR MILES. Distributable cash rose to roughly $7.81 million, or about $0.0472 per share, compared to $0.0451 in the prior year’s quarter.
Diversified Royalty operates a low-risk, asset-light model built on long-term royalty contracts with solid businesses. Its royalty income is largely fixed or indexed to system sales, with minimal operating costs and no exposure to day-to-day business risk. This structure has proven durable, as cash flows held up well during the COVID-19 pandemic, with only modest deferrals and no permanent losses. BEVFF currently yields 7%.
Get the complete list of Monthly Dividend Stocks here
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Disclosure: No positions in any stocks mentioned