3 Monthly Dividend Stocks to Boost Your Passive Income

A select group of monthly dividend stocks pays dividends at a rate of 10% or higher. Those are the ones on this list. Investors should be aware of the risks involved, such as share price fluctuations and payout rate disruptions that can change the yield in the future. Despite these risks, some investors may be willing to pursue big and reliable paydays. If that’s the case, here are three monthly dividend stocks worth considering.

Oxford Square Capital (NASDAQ:OXSQ) functions as a business development company. To generate returns, it focuses on private equity investments, mezzanine financing, and senior and junior debt offerings. Before investing in San Juan Basin Royalty Trust (NYSE:SJT), take a moment to evaluate it. SJT is valued at around $328 million, and its investments are in the fixed reserves of fossil fuels. Returns come from the extraction and sale of oil and gas. SL Green Realty Corp (NYSE:SLG) is a major player in the Manhattan office market with a diversified portfolio of 60 buildings totaling 33.1 million square feet. SLG, as a real estate investment trust (or REIT), must distribute 90% of its taxable income to shareholders, resulting in regular dividend payments.

Source: NASDAQ

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