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Monthly Dividend Stocks To Invest In Right Now? 2 In Focus

Could now be the time to take a closer look at these stocks that pay monthly dividends?

monthly dividend stocks

Check Out These 2 Stocks That Pay Dividends Monthly To Investors

Monthly dividend stocks are stocks that regularly pay out dividends on a monthly basis. Many investors find monthly dividends to be a more predictable and consistent income stream than quarterly or annual dividends. Actually, monthly dividend stocks can be found in a variety of industries, including real estate, utilities, and healthcare. While the yields on monthly dividend stocks tend to be lower than other types of stocks, they can still provide a desirable income stream for investors.

Notably, some of the more popular monthly dividend stocks are names like; Realty Income Corporation (NYSE: O), Main Street Capital Corporation (NYSE: MAIN), and AGNC Investment Corp. (NASDAQ: AGNC) to name a couple. Furthermore, monthly dividend stocks tend to be less volatile than other stock types, making them an attractive option for risk-averse investors. If you’re looking for stability and income potential in your portfolio, monthly dividend stocks may be worth considering. Considering this, here are two stocks that pay dividends monthly in the stock market today.

Monthly Dividend Stocks To Watch Now

STAG Industrial (STAG Stock)

First up, STAG Industrial (STAG) is a real estate investment trust (REIT) that is internally managed by a team of experienced industrial real estate professionals. STAG Industrial’s business strategy is to focus on the acquisition and operation of single-tenant industrial properties nationwide that are leased to creditworthy tenants. For a sense of scale, as of the end of March 2022, the company’s portfolio is made up of 551 buildings in 40 states with approximately 110.1 million rentable square feet. What’s more, as of August 30th, 2022 STAG pays a monthly dividend of $0.1217 per share, with a dividend yield of 4.58%. STAG Industrial has increased its dividends for 11 consecutive years.

Moving on, in July, Stag Industrial (STAG) reported its second quarter 2022 financial results. Diving in, STAG posted earnings per share of $0.56, with revenue of $161.5 million for Q2 2022. This is in comparison with analysts’ consensus estimates of earnings per share of $0.53 and revenue of $161.6 million. Aside from that, the company reported that its produced cash available for distribution was $87.2 million for the second quarter of 2022, reflecting a 16% increase on a year-over-year basis. As of Wednesday’s close, STAG stock is trading at $30.80 per share. With that, do you think STAG stock is a good stock to invest in right now?

Source: TD Ameritrade TOS

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SL Green Realty Corp. (SLG Stock)

Next, SL Green Realty Corp. (SLG) is a real estate investment trust company (REIT). In brief, the company invests in commercial real estate such as office buildings and shopping centers in New York City. For a sense of scale, as of the end of June 2022, SL Green holds interests in 64 buildings totaling 34.4 million square feet. Separate from that, in August SLG announced its Board Of Directors declared a monthly ordinary dividend of $0.3108 per share of common stock. With that, as of August 30th, 2022 SLG has a dividend yield of 8.37%.

Back in July, the company reported its Q2 2022 fiscal results. In the report, SL Green Realty posted earnings of $1.87 per share, while notching in revenue of $201.4 million. For context, analysts’ consensus earnings estimate was $1.69 per share on revenue of $161.0 million. What’s more, Same-store cash net operating income (NOI) advanced by 6.7% for the quarter. Continuing on, as of Wednesday’s closing bell shares of SLG Stock are trading at $44.17. All in all, is SLG a good monthly dividend stock to add to your long-term portfolio?

Source: TD Ameritrade TOS

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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