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Live data · updated October 22, 202659 stocks, REITs, BDCs and funds that paid a dividend every month in their recent payment history — with current yields, the latest payout and a free DRIP calculator for each. The median yield of the main list is 6.6%.
To earn a target monthly income, divide the yearly amount by the yield: $500 a month at 6.6% needs about $91,345; $2,000 a month needs about $365,381. Reinvesting the payouts while you build the position shortens the road — model it with your own numbers.
Open the DRIP calculator →Monthly dividend stocks are companies and funds that pay their dividend every month instead of every quarter. Most are real estate investment trusts (REITs) such as Realty Income (O), business development companies (BDCs) such as Main Street Capital (MAIN), and income ETFs that hold bonds or sell covered calls. The table lists those that actually paid monthly in their recent payment history.
Excluding yields of 20% or more, the highest current yields in the table are PDI (18.7%), DX (18.3%), PFLT (17.6%). Very high yields often signal risk — check the payout history and the DRIP calculator for each before buying.
Not by themselves. A 6% yield pays the same per year whether it arrives monthly or quarterly. Monthly payments make budgeting easier and, with DRIP, reinvest slightly sooner, so compounding is a little faster — but the quality of the business and the safety of the dividend matter far more than the payment schedule.
Many bond, covered-call and dividend ETFs pay monthly — in the table: PDI, KBWD, QQQI, RYLD, SPYI. Covered-call ETFs pay high, variable distributions and tend to lag the market when stocks rise.
About $182,691 at the table's median yield of 6.6%, before taxes ($12,000 a year ÷ yield). At 5% you need $240,000, at 8% $150,000. Reinvesting dividends and adding monthly contributions gets you there faster — try the DRIP calculator.
The same way as any dividends. Qualified dividends from US companies are taxed at 0%, 15% or 20%; most REIT, BDC and bond-fund distributions are taxed as ordinary income. Holding them in an IRA or Roth IRA defers or avoids that tax.
Not financial advice. Data via Financial Modeling Prep; schedules are detected from recent payment history and may change. Dividends are not guaranteed. Full disclaimer →