5 Highest Paying Monthly Dividend Stocks

For this list, we looked at stocks that pay monthly dividends. Among them, we chose stocks with the highest dividend yields, which range from 10% to 26% as of October 5. Most of these stocks are from the REIT sector because they’re obligated to distribute about 90% of their income to shareholders. However, it’s important to note that many of these stocks, despite their high yields, don’t have a consistent history of paying dividends and have experienced dividend reductions or pauses in the past. The stocks are ranked in ascending order of their dividend yields as of October 5.

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company that invests in mortgage-backed securities and other financial assets. An American real estate investment trust company, Ellington Residential Mortgage REIT (NYSE:EARN) currently pays a monthly dividend of $0.08 per share. The stock’s dividend yield on October 5 came in at 16.55%. Orchid Island Capital, Inc. (NYSE:ORC) is an American real estate investment trust company that mainly generates income for its shareholders through investments in real estate-related assets. An American real estate investment trust company, ARMOUR Residential REIT, Inc. (NYSE:ARR) is next on our list of the best dividend stocks. San Juan Basin Royalty Trust (NYSE:SJT) tops our list of the best dividend stocks with the highest dividend yields. The royalty trust currently offers a monthly dividend of $0.0538 per share and has a dividend yield of 26.60%, as of October 5.

Source: Insider Monkey

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