Updated on October 2nd, 2025 by Bob Ciura
For many income investors, monthly dividend stocks hold a unique allure. Unlike traditional quarterly or semi-annual dividend payers, these stocks provide more frequent payouts, enhancing cash flow and investment flexibility.
To assist investors, we have compiled a comprehensive list of 83 monthly dividend stocks. You can download our complete Excel spreadsheet, which includes essential metrics such as dividend yield and payout ratio, by clicking the link below:
Additionally, high dividend yields are particularly enticing for income investors. With the average S&P 500 yield hovering around 1.3%, high-yield stocks can significantly enhance income generation. Therefore, screening for monthly dividend stocks with high yields creates an attractive investment strategy.
This article highlights the 20 highest-yielding monthly dividend stocks, all boasting yields above 5%. The stocks are organized by their dividend yields, from lowest to highest, and exclude oil and gas royalty trusts due to their volatile dividend payouts.
Table Of Contents
Below are the 20 monthly dividend stocks with high dividend yields:
High-Yield Monthly Dividend Stock #20: SIR Royalty Income Fund (SIRZF)
SIR Royalty Income Fund, a Canadian entity, collects and distributes dividends based on royalties from popular restaurant brands like Jack Astor’s and Scaddabush. As of January 1, 2025, it claims royalties from 52 restaurant locations, primarily in Ontario.
In its Q2 report on August 8, 2025, the fund reported an 8.1% revenue increase year-over-year, reaching $72.9 million CAD, driven by new restaurant openings.
Download our latest Sure Analysis report on SIRZF
High-Yield Monthly Dividend Stock #19: Slate Grocery REIT (SRRTF)
Slate Grocery REIT focuses on grocery-anchored retail centers, owning 116 properties valued at approximately $2.4 billion. Its Q2 results showed a 2.1% revenue growth to $53.4 million, primarily due to rental rate increases.
Download our latest Sure Analysis report on SRRTF
High-Yield Monthly Dividend Stock #18: InPlay Oil Corp. (IPOOF)
InPlay Oil specializes in light oil and natural gas assets in Alberta. Despite a 25% revenue decline in Q1 2025 due to lower commodity prices, the company remains focused on efficiency and returns.
Download our latest Sure Analysis report on IPOOF
High-Yield Monthly Dividend Stock #17: Firm Capital Property Trust (FRMUF)
This Canadian REIT owns a diversified portfolio across industrial, multi-residential, and retail sectors. In Q2 2025, it reported strong occupancy rates and rental revenue of about $11.18 million.
Download our latest Sure Analysis report on FRMUF
High-Yield Monthly Dividend Stock #16: Bridgemarq Real Estate (BREUF)
Bridgemarq provides branding and support to real estate brokers across Canada. Despite a slight revenue decline in Q2 2025, the company maintains a stable cash flow.
Download our latest Sure Analysis report on BREUF
High-Yield Monthly Dividend Stock #15: Gladstone Capital Corp. (GLAD)
Gladstone Capital focuses on providing private debt and equity to middle-market companies. The company reported a decline in net interest income but remains committed to its dividend strategy.
Download our latest Sure Analysis report on GLAD
High-Yield Monthly Dividend Stock #14: Timbercreek Financial Corp. (TBCRF)
Timbercreek specializes in structured financing solutions for commercial real estate. Its Q2 results showed a slight decrease in distributable income, but the company remains focused on growth.
Download our latest Sure Analysis report on TBCRF
High-Yield Monthly Dividend Stock #13: Cardinal Energy Ltd. (CRLFF)
Cardinal Energy operates primarily in Alberta and Saskatchewan, focusing on conventional oil production. Despite a revenue decline, the company maintains a strong operational focus.
Download our latest Sure Analysis report on CRLFF
High-Yield Monthly Dividend Stock #12: Gladstone Commercial (GOOD)
Gladstone Commercial specializes in net leased industrial and office properties. The company reported steady revenue growth and high occupancy rates in its latest earnings report.
Download our latest Sure Analysis report on GOOD
High-Yield Monthly Dividend Stock #11: Ellington Financial (EFC)
Ellington Financial invests in various financial assets, including mortgage-backed securities. The company reported stable income generation in its latest quarterly results.
Download our latest Sure Analysis report on EFC
High-Yield Monthly Dividend Stock #10: Stellus Capital (SCM)
Stellus Capital provides capital solutions to middle-market companies. The company reported stable investment income, maintaining its commitment to monthly dividends.
Download our latest Sure Analysis report on SCM
High-Yield Monthly Dividend Stock #9: PennantPark Floating Rate Capital (PFLT)
PennantPark focuses on floating rate loans to middle-market companies. The company reported strong income generation and improved balance sheet flexibility in its latest results.
Download our latest Sure Analysis report on PFLT
High-Yield Monthly Dividend Stock #8: AGNC Investment Corporation (AGNC)
AGNC Investment Corp. invests primarily in agency mortgage-backed securities. The company reported a comprehensive loss in its latest quarter but remains committed to its dividend strategy.
Download our latest Sure Analysis report on AGNC
High-Yield Monthly Dividend Stock #7: Dynex Capital (DX)
Dynex Capital invests in mortgage-backed securities and reported a comprehensive loss in its latest quarter. Despite this, the company continues to pay dividends.
Download our latest Sure Analysis report on DX
High-Yield Monthly Dividend Stock #6: Ellington Credit Co. (EARN)
Ellington Credit focuses on residential mortgage-backed securities. The company reported solid net income in its latest quarter, maintaining a stable dividend payout.
Download our latest Sure Analysis report on EARN
High-Yield Monthly Dividend Stock #5: ARMOUR Residential REIT (ARR)
ARMOUR Residential invests in residential mortgage-backed securities and reported a GAAP net loss in its latest quarter. However, it continues to distribute dividends to shareholders.
Download our latest Sure Analysis report on ARR
High-Yield Monthly Dividend Stock #4: Prospect Capital (PSEC)
Prospect Capital provides private debt and equity to middle-market companies. The company reported a decline in net interest income but remains focused on its dividend strategy.
Download our latest Sure Analysis report on PSEC
High-Yield Monthly Dividend Stock #3: Orchid Island Capital (ORC)
Orchid Island Capital focuses on investing in residential mortgage-backed securities. The company reported a net loss in its latest quarter but maintains a strong liquidity position.
Download our latest Sure Analysis report on ORC
High-Yield Monthly Dividend Stock #2: Horizon Technology (HRZN)
Horizon Technology Finance provides venture capital to small and medium-sized companies. Despite a decline in total investment income, the company assures investors of dividend stability.
Download our latest Sure Analysis report on HRZN
High-Yield Monthly Dividend Stock #1: Oxford Square Capital (OXSQ)
Oxford Square Capital specializes in financing early- and middle-stage businesses. The company reported a decrease in total investment income but remains committed to its dividend strategy.
Download our latest Sure Analysis report on OXSQ
Monthly dividend stocks can be particularly appealing to income investors, offering 12 dividend payments per year compared to the usual 4 or 2. Stocks with high yields above 5% are even more attractive.
The 20 stocks listed here have not been vetted for dividend safety, so investors should consider the unique risks associated with each company. Nevertheless, these stocks provide monthly payments and high yields, making them worthy of consideration.
If you’re interested in exploring high-quality dividend growth stocks or other high-yield securities, the following Sure Dividend resources will be beneficial:
Monthly Dividend Stock Individual Security Research
Other Sure Dividend Resources
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