Best Monthly Dividend Stocks with High Yield

High-yield Dividend Stocks are usually those that consistently increase their dividend payout. These stocks provide investors with a reliable and steadily growing income over time. Additionally, they have demonstrated resilience during economic challenges. Another noteworthy point here is that these dividend-paying stocks have exhibited higher returns with considerably lower volatility. Therefore, many financial experts are currently emphasizing the advantages of integrating dividend-paying stocks as a fundamental component of an equity portfolio when advising their clients.

Here is a list of Best Monthly Dividend Stocks with High Yield worth investing in 2024:

1. AGNC Investment Corp.

AGNC Investment Corp. provides private capital to the housing market in the United States. It invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

Below is the chart of AGNC Investment Corp Stock showing its performance for this year. The stock started the year at $9.72. During the year, it went as high as $10.72 and as low as $8.69, and last closed at $9.94. Overall, the stock appreciated by 2.26 % during the year.

Below is the dividend payout history for the year 2024:

2. Ellington Financial

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Below is the chart of Ellington Financial showing the stock performance during the current year. The stock started the year 2024 at a price of $ 12.68. During the year it went as high as $ 13.04 and as low as $ 10.86. Overall the stock maintained its price and was seen last closing at $ 12.6.

Below is the dividend payout history for the year 2024:

3. EPR Properties

EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. They focus on real estate venues that create value by facilitating out-of-home leisure and recreation experiences where consumers choose to spend their discretionary time and money. EPR Properties has total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.4 billion) across 44 states. They adhere to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards. The executives at EPR believe that their focused approach provides a competitive advantage and the potential for stable and attractive returns.

The below chart shows the stock performance of EPR Properties for the current year. The stock started the year 2024 at a price of $ 48.3. During the year the stock went as low as $ 39.62 and as high as $ 49.58. The stock last closed at $ 47.4.

Below is the dividend payout history for the year 2024:

4. Fortitude Gold Corporation

Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. The company also explores copper. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that cover approximately 10,434 acres located in Mineral County, Nevada.

The below chart of Fortitude Gold Corp stock shows the stock performance for the current year. The stock kicked off the year 2024 at a price of $ 5.97. During the year, the stock went as high as $ 6.26 and as low as $ 4.25. The stock was seen last closing at $ 5.5 representing an 8 % decline to date.

Below is the dividend payout history for the year 2024:

5. Gladstone Commercial

Gladstone Commercial Corporation (Nasdaq: GOOD) is an equity real estate investment trust (REIT) that invests in single-tenant and anchored multi-tenant net-leased industrial and office properties nationwide.

As of June 30, 2024, their portfolio includes 136 properties in 27 states leased to 109 different tenants. Gladstone Commercial has grown its portfolio by 18 % per year in a consistent, disciplined manner since our IPO in 2003, and has doubled assets since January 2011. Their occupancy stands at 98.5% and has never dipped below 95.0%.

They invest in high-quality properties located in primary and secondary growth markets occupied by tenants that meet our rigorous credit underwriting standards. A net lease real estate investment company like Gladstone thrives on choosing the right investment properties. They start with real estate and look for single-tenant and multi-tenant net leased industrial and office properties located in superior locations, in growing submarkets, and with strong underlying land value.

Below is the chart of Gladstone Commercial showing the stock performance for the year 2024. The stock started the year 2024 at a price of $ 21.5. During the year the stock went as high as $ 24.59 and as low as $ 19.6. After multiple dips and peaks, the stock last closed at $ 24.35 representing a 13 % appreciation to date.

Below is the dividend payout history for the year 2024:

6. Orchid Capital

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred to as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest-only securities, inverse interest-only securities, and principal-only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders.

Below is the chart of Orchid Capital showing the stock performance for the current year. The stock started off the year 2024 at a price of $ 8.39. throughout the year, the stock remained pretty volatile, as exhibited in the graph. The graph shows multiple periods of dips and periods to date. The stock went as high as $ 9 and as low as $ 7.65 during the year. The stock was last seen closing at $ 7.8, representing a 7 % decline to date.

Below is the dividend payout history for the year 2024: