4 BEST stocks that pay MONTHLY Dividends

Here are 4 MONTHLY paying dividend stocks to pay your monthly bills!! These are stocks that we like right now and we think could be good investment choices for dividend stocks for 2021.

Realty Income (O) –

If you do any research into monthly paying dividend stocks, Realty Income is sure to be one of the first to come up. They are a real estate investment trust (REIT) and they invest in free-standing, single-tenant commercial properties. They have high quality tenants such as Walgreens, 7-Eleven, Dollar General, FedEx, and Walmart. They have a 4.14% dividend yield and 27 years of consecutive dividend growth, meaning they have increased their dividend for 27 years straight! They also have a 15.2% compounded annual return since they were listed on the NYSE in 1994. If you want a safe, stable monthly check, this is a great option!

QYLD –

QYLD is a covered call ETF. What this means is the fund buys stocks in the Nasdaq 100 index, and then sells call options to generate a little extra income for investors. QYLD fund has not missed a dividend payment since they started paying in 2014, and has an average annual return of 8.24% since the beginning of 2014. QYLD currently has a dividend yield of 10.35% but is subject to change since the premiums they collect from writing the covered calls will change.

Stag Industrial (STAG)

Stag is another REIT that pays a monthly dividend. Similar to Realty Income, Stag invests in single-tenant Industrial properties throughout the United States. Many investors like Stag because of their high quality tenants including Amazon, XPO logistics, and Ford motor company. They currently have a dividend yield of around 3.75%, a low payout ratio of around 75%, and 7 Years of Consecutive Dividend Growth.

DNP Select Income Fund:

DNP is an investment company whose primary objective is to produce current income in the form of dividends and long-term growth of income. The fund invests in dividend paying companies, mostly in the energy sector, and has a dividend yield of 7.41%. Looking at the chart, DNP has a stable price and has not gone lower than $8.95 over the last 5 years, even including the market crash in March of 2020.