17 Best Rated Monthly Dividend Paying Stocks With Big Yields

While most dividend paying stocks that trade on exchanges in the US pay quarterly, there are some stocks that pay their dividends on other schedules. 

A handful pay their dividends semi-annually while there is a larger population of monthly dividend stocks. 

While only one aspect that should be considered in selecting stocks for investment, monthly dividend payments can be advantageous for building wealth over time and to smooth out a dividend retirement income stream.

Attached you will find a compilation of monthly paying stocks that met the following criteria:

- Pay dividends of 6% (plus or minus)
- Are growing those dividends
- Have solid balance sheets

A handful of these businesses even have investment grade credit ratings. The table below provides a list of 17 monthly dividend stocks sorted on dividend yield.

These are the results...

17 Monthly Dividend Stocks (click to enlarge), Source: Valuewalk.com

The Best Monthly Dividend Stocks For High-Yield Income Investors

The table below provides a list of 17 monthly dividend stocks sorted on dividend yield. 

A handful of these businesses even have investment grade credit ratings. 

It should be noted that this list is not all inclusive of monthly dividend paying stocks as there were a few monthly distribution paying master limited partnerships (MLPs) and a couple of crude oil production trusts that I chose to leave off this initial list of stocks. 

MLPs and crude oil trusts are not stocks and their accounting and financial reporting is sufficiently different that they should be covered separately.

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Here is the list...

17 High Yields With Additional Potential To Grow Dividends

High yielding stocks with low payout and debt ratios originally published at "long-term-investments.blogspot.com". Yesterday, I made a screen of Dividend Contenders with low long-term debt to equity ratios as well as slim payouts.

Today I like to widen the latest screen to High-Yields with a market capitalization over USD 300 million. Most of the high yielding stocks are full of debt. The only companies with a smaller amount of loans are such with a lower capitalization. The risks are much higher for those shares. I also needed to lower my screening guidance because of the small amount of results. These are my new criteria:

- Market Capitalization over USD 300 million

- Dividend Yield over 5 percent

- Long-term debt to equity above 0.6

- Payout ratio under 50 percent

Now, twelve stocks fulfill these criteria. Six of the results have a current buy or better rating.

Ex-Dividend Stocks: Best Dividend Paying Shares On February 26, 2013

The best yielding and biggest ex-dividend stocks researched by ”long-term-investments.blogspot.com”. Dividend Investors should have a quiet overview of stocks with upcoming ex dividend dates.

The ex dividend date is the final date on which the new stock buyer couldn’t receive the next dividend. If you like to receive the dividend, you need to buy the stock before the ex dividend date. I made a little screen of the best yielding stocks with a higher capitalization that have their ex date on the next trading day.

A full list of all stocks with payment dates can be found here: Ex-Dividend Stocks February 26, 2013. In total, 56 stocks and preferred shares go ex dividend - of which 25 yield more than 3 percent. The average yield amounts to 4.52%.

Here is the sheet of the best yielding, higher capitalized ex-dividend stocks: 

Company	Ticker	Mcap	P/E	P/B	P/S	Yield
Prospect Capital Corporation	PSEC	2.53B	8.08	1.04	5.19	11.75%
Atlantic Power Corporation	AT	3.64B	3.98	1.52	0.42	10.78%
Baytex Energy Corp.	BTE	5.18B	18.40	4.00	4.87	6.16%
Integrys Energy Group, Inc.	TEG	4.43B	17.27	1.44	1.07	4.80%
Dominion Resources	D	32.40B	27.24	2.99	2.47	3.99%
Brookfield Office Properties CA	BOXC	2.67B	-	3.13	5.09	3.80%
Brookfield Infrastructure Partners	BIP	5.63B	76.23	1.58	3.08	3.78%
Bank of Hawaii Corporation	BOH	2.20B	13.41	2.16	5.24	3.66%
Novartis AG	NVS	187.27B	17.79	2.42	3.25	3.58%
Time Warner Cable Inc.	TWC	25.53B	12.54	3.53	1.19	3.01%
Corning Inc.	GLW	18.57B	10.97	0.86	2.32	2.85%
Barrick Gold Corporation	ABX	30.52B	-	1.40	2.10	2.62%
Newell Rubbermaid Inc.	NWL	6.75B	17.26	3.38	1.14	2.56%
CSX Corp.	CSX	23.34B	12.77	2.60	1.98	2.45%
NVIDIA Corporation	NVDA	7.82B	13.91	1.62	1.83	2.40%
Precision Drilling Corporation	PDS	2.34B	12.66	1.03	1.14	2.36%
Time Warner Inc.	TWX	49.39B	17.15	1.65	1.72	2.17%
The Allstate Corporation	ALL	22.32B	10.01	1.09	0.67	2.14%
Crane Co.	CR	3.06B	16.04	3.30	1.19	2.08%
Union Pacific Corporation	UNP	63.83B	16.43	3.21	3.05	2.03%

Best Dividend Paying Ex-Dividend Shares On January 29, 2013

The best yielding and biggest ex-dividend stocks researched by ”long-term-investments.blogspot.com”. Dividend Investors should have a quiet overview of stocks with upcoming ex dividend dates.

The ex dividend date is the final date on which the new stock buyer couldn’t receive the next dividend. If you like to receive the dividend, you need to buy the stock before the ex dividend date. I made a little screen of the best yielding stocks with a higher capitalization that have their ex date on the next trading day.

A full list of all stocks with payment dates can be found here: Ex-Dividend Stocks January 29, 2013. In total, 44 stocks and preferred shares go ex dividend - of which 35 yield more than 3 percent. The average yield amounts to 5.58%.

Here is the sheet of the best yielding, higher capitalized ex-dividend stocks:

Company	Ticker	Mcap	P/E	P/B	P/S	Yield
Prospect Capital Corporation	PSEC	2.38B	6.49	1.05	6.11	11.62%
Atlantic Power Corporation	AT	4.35B	4.75	1.82	0.50	9.11%
Hospitality Properties Trust	HPT	3.21B	27.62	1.16	2.53	7.24%
Omega Healthcare Investors Inc.	OHI	2.92B	25.83	2.86	8.81	6.90%
Copano Energy LLC	CPNO	2.64B	-	2.81	1.92	6.88%
El Paso Pipeline Partners	EPB	8.83B	19.04	4.45	5.83	5.96%
Kinder Morgan Energy Partners	KMP	32.48B	53.94	2.87	3.76	5.80%
Baytex Energy Corp.	BTE	5.55B	19.38	4.18	5.14	5.80%
National Retail Properties	NNN	3.53B	32.12	1.54	11.06	4.92%
ONEOK Partners, L.P.	OKS	13.14B	16.43	2.94	1.26	4.75%
Enterprise Products Partners LP	EPD	50.08B	19.52	3.89	1.16	4.74%
Alliant Energy Corporation	LNT	5.08B	16.30	1.53	1.58	4.10%
Kinder Morgan, Inc.	KMI	38.62B	40.93	2.89	3.87	3.97%
Brookfield Office Properties CA	BOXC	2.73B	-	3.35	5.40	3.72%
ConAgra Foods, Inc.	CAG	13.42B	19.96	2.84	0.97	3.09%
ONEOK Inc.	OKE	9.70B	28.74	4.70	0.74	3.04%
Texas Instruments Inc.	TXN	36.76B	21.72	3.32	2.87	2.56%
Eldorado Gold Corp.	EGO	8.18B	26.05	1.41	7.43	1.22%
AO Smith Corp.	AOS	3.23B	20.00	2.71	1.67	1.14%