Buying a stock with monthly dividend rather than a quarterly payout has an added advantage: you can multiply your income faster by more frequently reinvesting in the company’s stock.
It works exactly the same way as compounding works in an interest-paying bank account, where you can multiply your income by reinvesting your profit. But most of the blue-chip companies included in the S&P-500 index pay quarterly dividends.
Investors seeking a monthly dividend income are usually left with real estate income trusts (REITs) or business development companies with a basket of risky portfolios.
If you’re looking for a stable monthly income from your stock investing, here are the seven top monthly dividend stocks.
Realty Income -- Yield: 3.69%
Realty Income (NYSE:O) employs 133 people, generates revenue of $1,023.28 million and has a net income of $284.86 million. The current market capitalization stands at $16.96 billion.Realty Income’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $919.55 million. The EBITDA margin is 89.86% (the operating margin is 25.97% and the net profit margin 27.84%).
Financials: The total debt represents 40.74% of Realty Income assets and the total debt in relation to the equity amounts to 73.88%. Due to the financial situation, a return on equity of 4.52% was realized by Realty Income.
Twelve trailing months earnings per share reached a value of $1.09. Last fiscal year, Realty Income paid $2.27 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 60.08, the P/S ratio is 16.54 and the P/B ratio is finally 2.67. The dividend yield amounts to 3.69%.
Stock Charts:
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| Long-Term Stock Price Chart of Realty Income (O) |
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| Long-Term Dividend Payment History of Realty Income (O) |
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| Long-Term Dividend Yield History of Realty Income (O) |
Shaw Communication -- Yield: 4.56%
Shaw Communication (NYSE:SJR) employs 14,000 people, generates revenue of $4,190.27 million and has a net income of $671.91 million. The current market capitalization stands at $9.80 billion.Shaw Communication’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $1,819.50 million. The EBITDA margin is 43.42% (the operating margin is 25.71% and the net profit margin 16.03%).
Financials: The total debt represents 38.92% of Shaw Communication assets and the total debt in relation to the equity amounts to 104.81%. Due to the financial situation, a return on equity of 17.68% was realized by Shaw Communication.
Twelve trailing months earnings per share reached a value of $0.88. Last fiscal year, Shaw Communication paid $0.89 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 22.67, the P/S ratio is 2.36 and the P/B ratio is finally 2.44. The dividend yield amounts to 4.56%.
Stock Charts:
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| Long-Term Stock Price Chart of Shaw Communication (SJR) |
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| Long-Term Dividend Payment History of Shaw Communication (SJR) |
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| Long-Term Dividend Yield History of Shaw Communication (SJR) |
Main Street Capital -- Yield: 6.43%
Main Street Capital (NYSE:MAIN) employs 50 people, generates revenue of $164.59 million and has a net income of $104.44 million. The current market capitalization stands at $1.79 billion.Main Street Capital’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $107.07 million. The EBITDA margin is 65.06% (the operating margin is 65.06% and the net profit margin 63.45%).
Financials: The total debt represents 41.53% of Main Street Capital assets and the total debt in relation to the equity amounts to 72.87%. Due to the financial situation, a return on equity of 10.39% was realized by Main Street Capital.
Twelve trailing months earnings per share reached a value of $1.50. Last fiscal year, Main Street Capital paid $2.10 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 22.86, the P/S ratio is 11.00 and the P/B ratio is finally 1.63. The dividend yield amounts to 6.43%.
Stock Charts:
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| Long-Term Stock Price Chart of Main Street Capital (MAIN) |
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| Long-Term Dividend Payment History of Main Street Capital (MAIN) |
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| Long-Term Dividend Yield History of Main Street Capital (MAIN) |
Apple Hospitality -- Yield: 6.12%
Apple Hospitality (NYSE:APLE) employs 54 people, generates revenue of $898.31 million and has a net income of $117.29 million. The current market capitalization stands at $3.33 billion.Apple Hospitality’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $308.48 million. The EBITDA margin is 34.34% (the operating margin is 15.14% and the net profit margin 13.06%).
Financials: The total debt represents 26.81% of Apple Hospitality assets and the total debt in relation to the equity amounts to 37.71%. Due to the financial situation, a return on equity of 4.14% was realized by Apple Hospitality.
Twelve trailing months earnings per share reached a value of $0.68. Last fiscal year, Apple Hospitality paid $1.39 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 28.08, the P/S ratio is 3.81 and the P/B ratio is finally 1.29. The dividend yield amounts to 6.12%.
Stock Charts:
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| Long-Term Stock Price Chart of Apple Hospitality (APLE) |
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| Long-Term Dividend Payment History of Apple Hospitality (APLE) |
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| Long-Term Dividend Yield History of Apple Hospitality (APLE) |
LTC Properties -- Yield: 4.14%
LTC Properties (NYSE:LTC) employs 22 people, generates revenue of $136.20 million and has a net income of $73.08 million. The current market capitalization stands at $2.00 billion.LTC Properties’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $120.47 million. The EBITDA margin is 88.45% (the operating margin is 51.89% and the net profit margin 53.66%).
Financials: The total debt represents 44.84% of LTC Properties assets and the total debt in relation to the equity amounts to 86.75%. Due to the financial situation, a return on equity of 10.95% was realized by LTC Properties.
Twelve trailing months earnings per share reached a value of $2.11. Last fiscal year, LTC Properties paid $2.07 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 24.37, the P/S ratio is 15.03 and the P/B ratio is finally 2.97. The dividend yield amounts to 4.14%.
Stock Charts:
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| Long-Term Stock Price Chart of LTC Properties (LTC) |
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| Long-Term Dividend Payment History of LTC Properties (LTC) |
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| Long-Term Dividend Yield History of LTC Properties (LTC) |
Stag Industrial -- Yield: 5.59%
Stag Industrial (NYSE:STAG) employs 68 people, generates revenue of $218.63 million and has a net income of $-31.47 million. The current market capitalization stands at $1.75 billion.Stag Industrial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $146.21 million. The EBITDA margin is 66.87% (the operating margin is 2.11% and the net profit margin -14.39%).
Financials: The total debt represents 51.61% of Stag Industrial assets and the total debt in relation to the equity amounts to 119.53%. Due to the financial situation, a return on equity of -5.78% was realized by Stag Industrial.
Twelve trailing months earnings per share reached a value of $-0.51. Last fiscal year, Stag Industrial paid $1.36 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is not calculable, the P/S ratio is 8.12 and the P/B ratio is finally 2.48. The dividend yield amounts to 5.59%.
Stock Charts:
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| Long-Term Stock Price Chart of Stag Industrial (STAG) |
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| Long-Term Dividend Payment History of Stag Industrial (STAG) |
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| Long-Term Dividend Yield History of Stag Industrial (STAG) |
Prospect Capital -- Yield: 11.56%
Prospect Capital (NASDAQ:PSEC) employs people, generates revenue of $791.97 million and has a net income of $103.36 million. The current market capitalization stands at $3.05 billion.Prospect Capital’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $371.13 million. The EBITDA margin is 46.86% (the operating margin is 46.89% and the net profit margin 13.05%).
Financials: The total debt represents 43.14% of Prospect Capital assets and the total debt in relation to the equity amounts to 78.80%. Due to the financial situation, a return on equity of 2.90% was realized by Prospect Capital.
Twelve trailing months earnings per share reached a value of $0.29. Last fiscal year, Prospect Capital paid $1.00 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 29.58, the P/S ratio is 3.91 and the P/B ratio is finally 0.90. The dividend yield amounts to 11.56%.
Stock Charts:
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| Long-Term Stock Price Chart of Prospect Capital (PSEC) |
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| Long-Term Dividend Payment History of Prospect Capital (PSEC) |
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| Long-Term Dividend Yield History of Prospect Capital (PSEC) |