3 High-Yield Monthly Dividend Stocks Flying Under the Radar

With most stocks distributing dividends quarterly, investors needing predictable monthly cash flow could desire more frequent payouts.

This is where monthly dividend stocks come in. Monthly dividend stocks pay shareholders a dividend each month, for 12 total payments per year.

Investors can even find high yields above 5% from monthly dividend stocks. This article will discuss 3 high yielding monthly dividend stocks that are flying under the radar of most income investors.

1. Apple Hospitality REIT (APLE)

Apple Hospitality REIT Inc (NYSE:APLE) is a hotel REIT that owns a portfolio of hotels with tens of thousands of rooms located in scores of markets and across dozens of states. It franchises its properties out to leading brands, including Marriott-branded hotels, Hilton-branded hotels, and Hyatt-branded hotels. As of its latest filings, Apple (NASDAQ:AAPL) Hospitality owned 220 hotels with a total of 29,748 guest rooms across 37 states and the District of Columbia.

On August 6th, 2025, Apple Hospitality REIT released its Q2 results for the period ending June 30th, 2025. The company reported total revenue of $384.4 million for the quarter, representing a 1.5% decrease compared to the prior year. Performance was modestly softer year-over-year, with average daily rate (ADR) essentially flat and a slight pullback in occupancy.

Comparable Hotels ADR edged down 0.1% to $163.62, while occupancy declined 1.6% to 78.6%, resulting in a 1.7% year-over-year decrease in revenue per available room (RevPAR) to $128.68. Despite the top-line softness, profitability remained solid, though margin compression persisted.

Comparable Hotels Adjusted Hotel EBITDA declined 5.4% year-over-year to $142.2 million, with margins narrowing by 200 basis points to 37.4%. This margin pressure reflected continued inflationary cost headwinds, particularly in labor and operating expenses, partially mitigated by disciplined pricing strategies and effective cost controls at the property level.

Modified Funds from Operations (MFFO), the REIT’s key measure of operating cash flow, totaled $111.8 million for the quarter, down 7.9% from Q2 2024. On a per-share basis, MFFO was $0.47, reflecting stable earnings generation but the impact of a lower share count due to ongoing repurchases. Adjusted EBITDAre decreased 5.6% to $133.0 million, consistent with the decline in RevPAR and margin performance across the portfolio.

For full-year 2025, the company is guiding to Comparable Hotels RevPAR growth between -1.5% and +0.5% and Adjusted EBITDAre between $428 million and $450 million.

Apple Hospitality REIT’s competitive advantage lies in its focused portfolio of upscale, rooms-oriented hotels primarily under the Marriott, Hilton, and Hyatt brands. This strategy offers strong brand recognition, consistent guest experience, and high booking volume through established loyalty programs. The company’s portfolio, which is spread across diverse U.S. markets, also benefits from geographic diversification.

APLE currently yields 8.1%.

2. Slate Grocery REIT (SRRTF)

Slate Grocery REIT (OTC:SRRTF) is a Toronto-based, yet U.S.-focused real estate investment trust focused on grocery-anchored retail centers. It owns 117 properties, totaling 15.4 million square feet and valued at about $2.4 billion. Its portfolio is deeply rooted in necessity-based retail. Some of its top tenants include Kroger (NYSE:KR), Walmart (NYSE:WMT), and Ahold Delhaize, while it boasts an anchor occupancy rate of 98.6%.

On August 6th, 2025, Slate Grocery REIT posted its Q2 results for the period ending June 30th, 2025. Total revenue grew 2.1% year-over-year to $53.4 million. The growth was primarily driven by rental rate increases, strong leasing spreads, and contractual rent escalations, particularly on renewed leases that continue to reflect resilient demand for grocery anchored retail.

Despite the revenue uplift, profitability was modestly pressured by higher general and administrative expenses as well as interest and finance costs. FFO totaled $15.0 million, or $0.25 per unit, unchanged from a year ago. Leasing activity remained healthy, supporting a stable occupancy rate and reinforcing the REIT’s position in necessity-based retail.

Slate Grocery REIT’s FFO per share has exhibited notable consistency over the past decade, ranging narrowly between $1.03 and $1.32 despite changes in market conditions and the broader economic cycle. This reflects the strength of its strategy, which basically revolves around owning and operating a portfolio of grocery-anchored retail properties, leased predominantly to essential-service tenants like national grocers and pharmacies.

While the balance sheet does carry a fair degree of leverage (roughly 53%), it remains manageable, with no near-term liquidity concerns and a staggered debt maturity profile. In the meantime, Slate has continued to cover its distributions with FFO.

SRRTF currently yields 8.4%.

3. Horizon Technology Finance (HRZN)

Horizon Technology Finance (NASDAQ:HRZN) is a BDC (Business Development Company) seeking to provide venture capital to small and medium-sized companies, mainly in the life sciences, technology, healthcare-IT sectors, and sustainability, which account for around 42%, 33%, 15%, and 10% of its portfolio, respectively.

The company has been able to generate attractive risk-adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants, featuring a last-quarter portfolio yield of 15.8%. The company has topped the typical industry average IRR of around 10% from its loan coupons by engaging in commitment fees, guidance fees, and potential equity rights, maximizing its total yield.

On August 7th, 2025, Horizon announced its Q2 results for the period ending June 30th, 2025. For the quarter, total investment income fell 4.5% year-over-year to $24.5 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 Q2 of 2025 and Q2 of 2024 was 15.8% and 15.9%, respectively. Net investment income per share (IIS) fell to $0.28, down from $0.36 compared to Q2-2024. Net asset value (NAV) per share landed at $6.75, down from $9.12 year-over-year and $8.43 sequentially.

After paying its monthly distributions, Horizon's undistributed spillover income as of the end of the quarter was $0.94 per share, indicating a considerable cash cushion. Management assured investors of the dividend’s stability by declaring three forward monthly dividends at a rate of $0.11.

Horizon’s niche operations that require more unusual expertise in industries like biotech have maintained their higher ROIs amid a lack of cheap loans for such risky sectors, including early-stage tech companies. As its successful due diligence record has made possible, the company has maintained quite stable dividends, paid out monthly, providing smooth capital returns to its investors. We expect a stable IIS/share through 2030.

HRZN currently yields 19%.

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Disclosure: No positions in any stocks mentioned

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