{"id":2817,"date":"2025-06-09T15:16:27","date_gmt":"2025-06-09T12:16:27","guid":{"rendered":"https:\/\/beatmarket.com\/blog\/?p=2817"},"modified":"2025-06-20T17:29:26","modified_gmt":"2025-06-20T14:29:26","slug":"monthly-dividend-stocks","status":"publish","type":"post","link":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/","title":{"rendered":"2025 Monthly Dividend Stocks List: All 76 Ranked and Analyzedhighthight"},"content":{"rendered":"<div class=\"fpm_start\"><\/div>\n\n<p>Key Takeaways:<\/p>\n\n\n\n<ul>\n<li>Dividend stocks paid every month provide investors with predictable income. They simplify budgeting for people who rely on income investmenting, such as retirees.&nbsp;<\/li>\n\n\n\n<li>Most dividend stocks pay quarterly. However, there are several companies and REITs on US stock exchanges that offer monthly dividends.<\/li>\n\n\n\n<li>These stocks are characterized by high dividend yields, with many paying more than 7% annually. However, there are tax nuances to consider. For example, dividends from REITs (real estate investment trusts) do not qualify as qualifying dividends.<\/li>\n\n\n\n<li>Dividends paid monthly and their yields should not be the only criteria when selecting stocks. Dividend safety scores and the length of time they have been rising continuously should also be considered.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>In this article, we provide a list of 75 stocks that provide monthly dividends. We will also discuss each of the companies listed and answer key questions about investing in monthly dividends.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_45_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stocks_Spreadsheet_Resources\" title=\"Monthly Dividend Stocks Spreadsheet Resources\">Monthly Dividend Stocks Spreadsheet Resources<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#2025_Monthly_Dividend_Stocks_List_Changes\" title=\"2025 Monthly Dividend Stocks List Changes\">2025 Monthly Dividend Stocks List Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Ranking_the_Best_Monthly_Dividend_Stocks_Methodology\" title=\"Ranking the Best Monthly Dividend Stocks Methodology\">Ranking the Best Monthly Dividend Stocks Methodology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_1_Realty_Income_O\" title=\"Monthly Dividend Stock #1: Realty Income (O)\">Monthly Dividend Stock #1: Realty Income (O)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_2_Main_Street_Capital_MAIN\" title=\"Monthly Dividend Stock #2: Main Street Capital (MAIN)\">Monthly Dividend Stock #2: Main Street Capital (MAIN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_3_Agree_Realty_ADC\" title=\"Monthly Dividend Stock #3: Agree Realty (ADC)\">Monthly Dividend Stock #3: Agree Realty (ADC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_4_STAG_Industrial_STAG\" title=\"Monthly Dividend Stock #4: STAG Industrial (STAG)\">Monthly Dividend Stock #4: STAG Industrial (STAG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_5_RioCan_RIOCF\" title=\"Monthly Dividend Stock #5: RioCan (RIOCF)\">Monthly Dividend Stock #5: RioCan (RIOCF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_6_Gladstone_Investment_Corporation_GAIN\" title=\"Monthly Dividend Stock #6: Gladstone Investment Corporation (GAIN)\">Monthly Dividend Stock #6: Gladstone Investment Corporation (GAIN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_7_Gladstone_Land_LAND\" title=\"Monthly Dividend Stock #7: Gladstone Land (LAND)\">Monthly Dividend Stock #7: Gladstone Land (LAND)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_8_Phillips_Edison_PECO\" title=\"Monthly Dividend Stock #8: Phillips Edison (PECO)\">Monthly Dividend Stock #8: Phillips Edison (PECO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_9_EPR_Properties_EPR\" title=\"Monthly Dividend Stock #9: EPR Properties (EPR)\">Monthly Dividend Stock #9: EPR Properties (EPR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_10_SL_Green_Realty_SLG\" title=\"Monthly Dividend Stock #10: SL Green Realty (SLG)\">Monthly Dividend Stock #10: SL Green Realty (SLG)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_11_Apple_Hospitality_APLE\" title=\"Monthly Dividend Stock #11: Apple Hospitality (APLE)\">Monthly Dividend Stock #11: Apple Hospitality (APLE)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_12_PennantPark_Floating_Rate_Capital_PFLT\" title=\"Monthly Dividend Stock #12: PennantPark Floating Rate Capital (PFLT)\">Monthly Dividend Stock #12: PennantPark Floating Rate Capital (PFLT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_13_Gladstone_Commercial_GOOD\" title=\"Monthly Dividend Stock #13: Gladstone Commercial (GOOD)\">Monthly Dividend Stock #13: Gladstone Commercial (GOOD)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_14_Gladstone_Capital_Corporation_GLAD\" title=\"Monthly Dividend Stock #14: Gladstone Capital Corporation (GLAD)\">Monthly Dividend Stock #14: Gladstone Capital Corporation (GLAD)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_15_LTC_Properties_LTC\" title=\"Monthly Dividend Stock #15: LTC Properties (LTC)\">Monthly Dividend Stock #15: LTC Properties (LTC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_16_Horizon_Technology_Finance_HRZN\" title=\"Monthly Dividend Stock #16: Horizon Technology Finance (HRZN)\">Monthly Dividend Stock #16: Horizon Technology Finance (HRZN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_17_Prospect_Capital_PSEC\" title=\"Monthly Dividend Stock #17: Prospect Capital (PSEC)\">Monthly Dividend Stock #17: Prospect Capital (PSEC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_18_Whitestone_REIT_WSR\" title=\"Monthly Dividend Stock #18: Whitestone REIT (WSR)\">Monthly Dividend Stock #18: Whitestone REIT (WSR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_19_Stellus_Capital_SCM\" title=\"Monthly Dividend Stock #19: Stellus Capital (SCM)\">Monthly Dividend Stock #19: Stellus Capital (SCM)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_20_Ellington_Financial_EFC\" title=\"Monthly Dividend Stock #20: Ellington Financial (EFC)\">Monthly Dividend Stock #20: Ellington Financial (EFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_21_Ellington_Residential_Mortgage_REIT_EARN\" title=\"Monthly Dividend Stock #21: Ellington Residential Mortgage REIT (EARN)\">Monthly Dividend Stock #21: Ellington Residential Mortgage REIT (EARN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_22_AGNC_Investment_Corp_AGNC\" title=\"Monthly Dividend Stock #22: AGNC Investment Corp. (AGNC)\">Monthly Dividend Stock #22: AGNC Investment Corp. (AGNC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_23_Armour_Residential_REIT_ARR\" title=\"Monthly Dividend Stock #23: Armour Residential REIT (ARR)\">Monthly Dividend Stock #23: Armour Residential REIT (ARR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_24_Orchid_Island_Capital_ORC\" title=\"Monthly Dividend Stock #24: Orchid Island Capital (ORC)\">Monthly Dividend Stock #24: Orchid Island Capital (ORC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_25_Oxford_Square_Capital_OXSQ\" title=\"Monthly Dividend Stock #25: Oxford Square Capital (OXSQ)\">Monthly Dividend Stock #25: Oxford Square Capital (OXSQ)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_26_Dynex_Capital_DX\" title=\"Monthly Dividend Stock #26: Dynex Capital (DX)\">Monthly Dividend Stock #26: Dynex Capital (DX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_27_US_Global_Investors_GROW\" title=\"Monthly Dividend Stock #27: U.S. Global Investors (GROW)\">Monthly Dividend Stock #27: U.S. Global Investors (GROW)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_28_Modiv_Inc_MDV\" title=\"Monthly Dividend Stock #28: Modiv Inc. (MDV)\">Monthly Dividend Stock #28: Modiv Inc. (MDV)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_29_Flagship_Communities_REIT_MHCUF\" title=\"Monthly Dividend Stock #29: Flagship Communities REIT (MHCUF)\">Monthly Dividend Stock #29: Flagship Communities REIT (MHCUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_30_Primaris_REIT_PMREF\" title=\"Monthly Dividend Stock #30: Primaris REIT (PMREF)\">Monthly Dividend Stock #30: Primaris REIT (PMREF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_31_Timbercreek_Financial_TBCRF\" title=\"Monthly Dividend Stock #31: Timbercreek Financial (TBCRF)\">Monthly Dividend Stock #31: Timbercreek Financial (TBCRF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_32_Fortitude_Gold_FTCO\" title=\"Monthly Dividend Stock #32: Fortitude Gold (FTCO)\">Monthly Dividend Stock #32: Fortitude Gold (FTCO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_33_Pine_Cliff_Energy_PIFYF\" title=\"Monthly Dividend Stock #33: Pine Cliff Energy (PIFYF)\">Monthly Dividend Stock #33: Pine Cliff Energy (PIFYF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_34_Paramount_Resources_PRMRF\" title=\"Monthly Dividend Stock #34: Paramount Resources (PRMRF)\">Monthly Dividend Stock #34: Paramount Resources (PRMRF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_35_Tamarack_Valley_Energy_TNEYF\" title=\"Monthly Dividend Stock #35: Tamarack Valley Energy (TNEYF)\">Monthly Dividend Stock #35: Tamarack Valley Energy (TNEYF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_36_Granite_Real_Estate_Investment_Trust_GRPU\" title=\"Monthly Dividend Stock #36: Granite Real Estate Investment Trust (GRP.U)\">Monthly Dividend Stock #36: Granite Real Estate Investment Trust (GRP.U)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_37_Canadian_Apartment_Properties_REIT_CDPYF\" title=\"Monthly Dividend Stock #37: Canadian Apartment Properties REIT (CDPYF)\">Monthly Dividend Stock #37: Canadian Apartment Properties REIT (CDPYF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_38_NorthWest_Healthcare_Properties_REIT_NWHUF\" title=\"Monthly Dividend Stock #38: NorthWest Healthcare Properties REIT (NWHUF)\">Monthly Dividend Stock #38: NorthWest Healthcare Properties REIT (NWHUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_39_Northland_Power_Inc_NPIFF\" title=\"Monthly Dividend Stock #39: Northland Power Inc. (NPIFF)\">Monthly Dividend Stock #39: Northland Power Inc. (NPIFF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_40_Exchange_Income_Corporation_EIFZF\" title=\"Monthly Dividend Stock #40: Exchange Income Corporation (EIFZF)\">Monthly Dividend Stock #40: Exchange Income Corporation (EIFZF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_41_SmartCentres_Real_Estate_Investment_Trust_CWYUF\" title=\"Monthly Dividend Stock #41: SmartCentres Real Estate Investment Trust (CWYUF)\">Monthly Dividend Stock #41: SmartCentres Real Estate Investment Trust (CWYUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_42_Dream_Industrial_REIT_DREUF\" title=\"Monthly Dividend Stock #42: Dream Industrial REIT (DREUF)\">Monthly Dividend Stock #42: Dream Industrial REIT (DREUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_43_Dream_Office_REIT_DRETF\" title=\"Monthly Dividend Stock #43: Dream Office REIT (DRETF)\">Monthly Dividend Stock #43: Dream Office REIT (DRETF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_44_H_R_Real_Estate_Investment_Trust_HRUFF\" title=\"Monthly Dividend Stock #44: H&amp;R Real Estate Investment Trust (HRUFF)\">Monthly Dividend Stock #44: H&amp;R Real Estate Investment Trust (HRUFF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_45_Sienna_Senior_Living_LWSCF\" title=\"Monthly Dividend Stock #45: Sienna Senior Living (LWSCF)\">Monthly Dividend Stock #45: Sienna Senior Living (LWSCF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_46_Mullen_Group_Ltd_MLLGF\" title=\"Monthly Dividend Stock #46: Mullen Group Ltd. (MLLGF)\">Monthly Dividend Stock #46: Mullen Group Ltd. (MLLGF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_47_Choice_Properties_REIT_PPRQF\" title=\"Monthly Dividend Stock #47: Choice Properties REIT (PPRQF)\">Monthly Dividend Stock #47: Choice Properties REIT (PPRQF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_48_Whitecap_Resources_Inc_SPGYF\" title=\"Monthly Dividend Stock #48: Whitecap Resources Inc. (SPGYF)\">Monthly Dividend Stock #48: Whitecap Resources Inc. (SPGYF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_49_Freehold_Royalties_Ltd_FRHLF\" title=\"Monthly Dividend Stock #49: Freehold Royalties Ltd. (FRHLF)\">Monthly Dividend Stock #49: Freehold Royalties Ltd. (FRHLF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_50_Peyto_Exploration_Development_Corp_PEYUF\" title=\"Monthly Dividend Stock #50: Peyto Exploration &amp; Development Corp. (PEYUF)\">Monthly Dividend Stock #50: Peyto Exploration &amp; Development Corp. (PEYUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_51_Pizza_Pizza_Royalty_Corp_PZRIF\" title=\"Monthly Dividend Stock #51: Pizza Pizza Royalty Corp. (PZRIF)\">Monthly Dividend Stock #51: Pizza Pizza Royalty Corp. (PZRIF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_52_Boston_Pizza_Royalties_Income_Fund_BPZZF\" title=\"Monthly Dividend Stock #52: Boston Pizza Royalties Income Fund (BPZZF)\">Monthly Dividend Stock #52: Boston Pizza Royalties Income Fund (BPZZF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_53_The_Keg_Royalties_Income_Fund_KRIUF\" title=\"Monthly Dividend Stock #53: The Keg Royalties Income Fund (KRIUF)\">Monthly Dividend Stock #53: The Keg Royalties Income Fund (KRIUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_54_Chemtrade_Logistics_Income_Fund_CGIFF\" title=\"Monthly Dividend Stock #54: Chemtrade Logistics Income Fund (CGIFF)\">Monthly Dividend Stock #54: Chemtrade Logistics Income Fund (CGIFF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-58\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_55_Richards_Packaging_Income_Fund_RPKIF\" title=\"Monthly Dividend Stock #55: Richards Packaging Income Fund (RPKIF)\">Monthly Dividend Stock #55: Richards Packaging Income Fund (RPKIF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-59\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_56_Extendicare_Inc_EXETF\" title=\"Monthly Dividend Stock #56: Extendicare Inc. (EXETF)\">Monthly Dividend Stock #56: Extendicare Inc. (EXETF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-60\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_57_First_National_Financial_Corporation_FNLIF\" title=\"Monthly Dividend Stock #57: First National Financial Corporation (FNLIF)\">Monthly Dividend Stock #57: First National Financial Corporation (FNLIF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-61\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_58_Bridgemarq_Real_Estate_Services_BREUF\" title=\"Monthly Dividend Stock #58: Bridgemarq Real Estate Services (BREUF)\">Monthly Dividend Stock #58: Bridgemarq Real Estate Services (BREUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-62\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_59_Atrium_Mortgage_Investment_Corporation_AMIVF\" title=\"Monthly Dividend Stock #59: Atrium Mortgage Investment Corporation (AMIVF)\">Monthly Dividend Stock #59: Atrium Mortgage Investment Corporation (AMIVF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-63\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_60_Banco_Bradesco_SA_BBD\" title=\"Monthly Dividend Stock #60: Banco Bradesco S.A. (BBD)\">Monthly Dividend Stock #60: Banco Bradesco S.A. (BBD)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-64\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_61_Itau_Unibanco_Holding_SA_ITUB\" title=\"Monthly Dividend Stock #61: Ita\u00fa Unibanco Holding S.A. (ITUB)\">Monthly Dividend Stock #61: Ita\u00fa Unibanco Holding S.A. (ITUB)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-65\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_62_Cross_Timbers_Royalty_Trust_CRT\" title=\"Monthly Dividend Stock #62: Cross Timbers Royalty Trust (CRT)\">Monthly Dividend Stock #62: Cross Timbers Royalty Trust (CRT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-66\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_63_Diversified_Royalty_Corp_BEVFF\" title=\"Monthly Dividend Stock #63: Diversified Royalty Corp. (BEVFF)\">Monthly Dividend Stock #63: Diversified Royalty Corp. (BEVFF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-67\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_64_BSR_Real_Estate_Investment_Trust_BSRTF\" title=\"Monthly Dividend Stock #64: BSR Real Estate Investment Trust (BSRTF)\">Monthly Dividend Stock #64: BSR Real Estate Investment Trust (BSRTF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-68\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_65_Firm_Capital_Property_Trust_FRMUF\" title=\"Monthly Dividend Stock #65: Firm Capital Property Trust (FRMUF)\">Monthly Dividend Stock #65: Firm Capital Property Trust (FRMUF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-69\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_66_CT_REIT_CTRRF\" title=\"Monthly Dividend Stock #66: CT REIT (CTRRF)\">Monthly Dividend Stock #66: CT REIT (CTRRF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-70\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_67_Slate_Grocery_REIT_SRRTF\" title=\"Monthly Dividend Stock #67: Slate Grocery REIT (SRRTF)\">Monthly Dividend Stock #67: Slate Grocery REIT (SRRTF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-71\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_68_Global_Water_Resources_GWRS\" title=\"Monthly Dividend Stock #68: Global Water Resources (GWRS)\">Monthly Dividend Stock #68: Global Water Resources (GWRS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-72\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_69_Savaria_Corporation_SISXF\" title=\"Monthly Dividend Stock #69: Savaria Corporation (SISXF)\">Monthly Dividend Stock #69: Savaria Corporation (SISXF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-73\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_70_PermRock_Royalty_Trust_PRT\" title=\"Monthly Dividend Stock #70: PermRock Royalty Trust (PRT)\">Monthly Dividend Stock #70: PermRock Royalty Trust (PRT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-74\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_71_PennantPark_PNNT\" title=\"Monthly Dividend Stock #71: PennantPark (PNNT)\">Monthly Dividend Stock #71: PennantPark (PNNT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-75\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_72_Cardinal_Energy_Ltd_CRLFF\" title=\"Monthly Dividend Stock #72: Cardinal Energy Ltd (CRLFF)\">Monthly Dividend Stock #72: Cardinal Energy Ltd (CRLFF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-76\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_73_Surge_Energy_ZPTAF\" title=\"Monthly Dividend Stock #73: Surge Energy (ZPTAF)\">Monthly Dividend Stock #73: Surge Energy (ZPTAF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-77\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_74_Permian_Basin_Royalty_Trust_PBT\" title=\"Monthly Dividend Stock #74: Permian Basin Royalty Trust (PBT)\">Monthly Dividend Stock #74: Permian Basin Royalty Trust (PBT)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-78\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_75_Bird_Construction_BIRDF\" title=\"Monthly Dividend Stock #75: Bird Construction (BIRDF)\">Monthly Dividend Stock #75: Bird Construction (BIRDF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-79\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_76_Sabine_Royalty_Trust_SBR\" title=\"Monthly Dividend Stock #76: Sabine Royalty Trust (SBR)\">Monthly Dividend Stock #76: Sabine Royalty Trust (SBR)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-80\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_Dividend_Stock_Performance_Trends\" title=\"Monthly Dividend Stock Performance Trends\">Monthly Dividend Stock Performance Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-81\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Strategies_for_Building_a_Monthly_Dividend_Portfolio\" title=\"Strategies for Building a Monthly Dividend Portfolio\">Strategies for Building a Monthly Dividend Portfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-82\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Tax_Considerations_for_Monthly_Dividend_Investors\" title=\"Tax Considerations for Monthly Dividend Investors\">Tax Considerations for Monthly Dividend Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-83\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Common_Pitfalls_to_Avoid_with_Monthly_Dividend_Stocks\" title=\"Common Pitfalls to Avoid with Monthly Dividend Stocks\">Common Pitfalls to Avoid with Monthly Dividend Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-84\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Monthly_vs_Quarterly_Dividends_The_Mathematical_Impact\" title=\"Monthly vs. Quarterly Dividends: The Mathematical Impact\">Monthly vs. Quarterly Dividends: The Mathematical Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-85\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Future_Outlook_for_Monthly_Dividend_Stocks\" title=\"Future Outlook for Monthly Dividend Stocks\">Future Outlook for Monthly Dividend Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-86\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Final_Thoughts_Building_a_Balanced_Income_Portfolio\" title=\"Final Thoughts: Building a Balanced Income Portfolio\">Final Thoughts: Building a Balanced Income Portfolio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-87\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#FAQ\" title=\"FAQ&nbsp;\">FAQ&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-88\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#Article_Sources\" title=\"Article Sources\">Article Sources<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-89\" href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#You_Might_Also_Like\" title=\"You Might Also Like\">You Might Also Like<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stocks_Spreadsheet_Resources\"><\/span>Monthly Dividend Stocks Spreadsheet Resources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In this section, you can download a dividend stock spreadsheet of stocks that pay dividends monthly. It includes all key metrics:&nbsp;<\/p>\n\n\n\n<ul>\n<li>dividend yields;<\/li>\n\n\n\n<li>payout ratios;<\/li>\n\n\n\n<li>dividend growth rates;<\/li>\n\n\n\n<li>52-week highs and lows;<\/li>\n\n\n\n<li>betas.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2025_Monthly_Dividend_Stocks_List_Changes\"><\/span>2025 Monthly Dividend Stocks List Changes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>List changes of dividend stocks paid monthly occur regularly. For example, Pembina and Keyera transitioned to a quarterly dividend policy in 2022, and SLR Investment followed suit in 2023.<\/p>\n\n\n\n<p>The table of all companies and REITs that have monthly dividends (monthly dividend reits), sorted by yield, is provided below.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker<\/td><td>Name<\/td><td>Dividend Yield<\/td><td>Safety<\/td><\/tr><tr><td>ORC<\/td><td>Orchid Island Capital<\/td><td>21.98%<\/td><td>Dangerous<\/td><\/tr><tr><td>ARR<\/td><td>ARMOUR Residential REIT<\/td><td>20.14%<\/td><td>Dangerous<\/td><\/tr><tr><td>EARN<\/td><td>Ellington Credit Company<\/td><td>18.64%<\/td><td>Dangerous<\/td><\/tr><tr><td>DX<\/td><td>Dynex Capital<\/td><td>17.48%<\/td><td>Safe<\/td><\/tr><tr><td>AGNC<\/td><td>AGNC Investment<\/td><td>17.27%<\/td><td>Carefully<\/td><\/tr><tr><td>OXSQ<\/td><td>Oxford Square Capital<\/td><td>16.87%<\/td><td>Unsafe<\/td><\/tr><tr><td>HRZN<\/td><td>Horizon Technology Finance<\/td><td>15.73%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>PNNT<\/td><td>PennantPark<\/td><td>15.48%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>PSEC<\/td><td>Prospect Capital<\/td><td>15.17%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>FTCO<\/td><td>Fortitude Gold Corporation<\/td><td>13.01%<\/td><td><\/td><\/tr><tr><td>CRLFF<\/td><td>Cardinal Energy Ltd.<\/td><td>12.95%<\/td><td>Safe<\/td><\/tr><tr><td>PFLT<\/td><td>PennantPark Floating Rate Capital<\/td><td>12.89%<\/td><td>Safe<\/td><\/tr><tr><td>SCM<\/td><td>Stellus Capital<\/td><td>12.81%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>EFC<\/td><td>Ellington Financial<\/td><td>12.80%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>PRT<\/td><td>PermRock Royalty Trust<\/td><td>12.34%<\/td><td>Dangerous<\/td><\/tr><tr><td>ZPTAF<\/td><td>Surge Energy<\/td><td>10.63%<\/td><td>Dangerous<\/td><\/tr><tr><td>TBCRF<\/td><td>Timbercreek Financial Corporation<\/td><td>10.41%<\/td><td>Unsafe<\/td><\/tr><tr><td>BREUF<\/td><td>Bridgemarq Real Estate Services<\/td><td>9.73%<\/td><td>Safe<\/td><\/tr><tr><td>CRT<\/td><td>Cross Timbers Royalty Trust<\/td><td>9.64%<\/td><td>Carefully<\/td><\/tr><tr><td>SBR<\/td><td>Sabine Royalty Trust<\/td><td>9.38%<\/td><td>Unsafe<\/td><\/tr><tr><td>FRHLF<\/td><td>Freehold Royalties Ltd.<\/td><td>9.18%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>SPGYF<\/td><td>Whitecap Resources<\/td><td>9.12%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>BEVFF<\/td><td>Diversified Royalty Corp.<\/td><td>8.93%<\/td><td>Dangerous<\/td><\/tr><tr><td>FRMUF<\/td><td>Firm Capital Property Trust<\/td><td>8.69%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>AMIVF<\/td><td>Atrium Mortgage Investment Corporation<\/td><td>8.57%<\/td><td>Very safe<\/td><\/tr><tr><td>SRRTF<\/td><td>Slate Grocery REIT<\/td><td>8.55%<\/td><td>Safe<\/td><\/tr><tr><td>GOOD<\/td><td>Gladstone Commercial<\/td><td>8.47%<\/td><td>Unsafe<\/td><\/tr><tr><td>KRIUF<\/td><td>Keg Royalties Income Fund<\/td><td>8.10%<\/td><td><\/td><\/tr><tr><td>APLE<\/td><td>Apple Hospitality<\/td><td>8.08%<\/td><td>Carefully<\/td><\/tr><tr><td>GLAD<\/td><td>Gladstone Capital Corporation<\/td><td>7.95%<\/td><td>Dangerous<\/td><\/tr><tr><td>BPZZF<\/td><td>Boston Pizza Royalties Income Fund<\/td><td>7.91%<\/td><td>&#8211;<\/td><\/tr><tr><td>MDV<\/td><td>Modiv Industrial<\/td><td>7.65%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>CWYUF<\/td><td>SmartCentres Real Estate Investment Trust<\/td><td>7.47%<\/td><td>Very Safe<\/td><\/tr><tr><td>CGIFF<\/td><td>Chemtrade Logistics Income Fund<\/td><td>7.44%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>NWHUF<\/td><td>NorthWest Healthcare Properties Real Estate Investment Trust<\/td><td>7.39%<\/td><td>Dangerous<\/td><\/tr><tr><td>EPR<\/td><td>EPR Properties<\/td><td>7.39%<\/td><td>Very Safe<\/td><\/tr><tr><td>PEYUF<\/td><td>Peyto Exploration &amp; Development Corp.<\/td><td>7.35%<\/td><td>Dangerous<\/td><\/tr><tr><td>GAIN<\/td><td>Gladstone Investment Corporation<\/td><td>7.08%<\/td><td>Very Safe<\/td><\/tr><tr><td>DREUF<\/td><td>Dream Industrial Real Estate Investment Trust<\/td><td>6.80%<\/td><td>Dangerous<\/td><\/tr><tr><td>RIOCF<\/td><td>RioCan<\/td><td>6.76%<\/td><td>Unsafe<\/td><\/tr><tr><td>PZRIF<\/td><td>Pizza Pizza Royalty Corp.<\/td><td>6.72%<\/td><td>Unsafe<\/td><\/tr><tr><td>MLLGF<\/td><td>Mullen Group Ltd.<\/td><td>6.68%<\/td><td>Dangerous<\/td><\/tr><tr><td>LTC<\/td><td>LTC Properties<\/td><td>6.58%<\/td><td>Very Safe<\/td><\/tr><tr><td>NPIFF<\/td><td>Northland Power<\/td><td>6.45%<\/td><td>Safe<\/td><\/tr><tr><td>ITUB<\/td><td>Ita\u00fa Unibanco Holding S.A.<\/td><td>6.43%<\/td><td>Unsafe<\/td><\/tr><tr><td>HRUFF<\/td><td>H&amp;R Real Estate Investment Trust<\/td><td>6.34%<\/td><td>Dangerous<\/td><\/tr><tr><td>CTRRF<\/td><td>CT Real Estate Investment Trust<\/td><td>6.28%<\/td><td>Safe<\/td><\/tr><tr><td>FNLIF<\/td><td>First National Financial Corporation<\/td><td>6.23%<\/td><td>Very safe<\/td><\/tr><tr><td>PMREF<\/td><td>Primaris Real Estate Investment Trust<\/td><td>6.23%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>DRETF<\/td><td>Dream Office REIT<\/td><td>6.11%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>SLG<\/td><td>SL Green Realty<\/td><td>5.90%<\/td><td>Dangerous<\/td><\/tr><tr><td>LAND<\/td><td>Gladstone Land<\/td><td>5.85%<\/td><td>Dangerous<\/td><\/tr><tr><td>LWSCF<\/td><td>Sienna Senior Living<\/td><td>5.68%<\/td><td>Safe<\/td><\/tr><tr><td>O<\/td><td>Realty Income<\/td><td>5.52%<\/td><td>Very Safe<\/td><\/tr><tr><td>EIFZF<\/td><td>Exchange Income Corporation<\/td><td>5.41%<\/td><td>Very safe<\/td><\/tr><tr><td>MAIN<\/td><td>Main Street Capital<\/td><td>5.3%<\/td><td>Very Safe<\/td><\/tr><tr><td>PPRQF<\/td><td>Choice Properties Real Estate Investment Trust<\/td><td>5.28%<\/td><td>Very dangerous<\/td><\/tr><tr><td>RPKIF<\/td><td>Richards Packaging Income Fund<\/td><td>4.83%<\/td><td><\/td><\/tr><tr><td>BSRTF<\/td><td>BSR Real Estate Investment Trust<\/td><td>4.60%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>STAG<\/td><td>STAG Industrial<\/td><td>4.49%<\/td><td>Carefully<\/td><\/tr><tr><td>PBT<\/td><td>Permian Basin Royalty Trust<\/td><td>4.23%<\/td><td><\/td><\/tr><tr><td>GROW<\/td><td>U.S. Global Investors<\/td><td>4.17%<\/td><td>Dangerous<\/td><\/tr><tr><td>WSR<\/td><td>Whitestone REIT<\/td><td>4.10%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>TNEYF<\/td><td>Tamarack Valley Energy Ltd.<\/td><td>3.94%<\/td><td>Unsafe<\/td><\/tr><tr><td>ADC<\/td><td>Agree Realty<\/td><td>3.89%<\/td><td>Safe<\/td><\/tr><tr><td>CDPYF<\/td><td>Canadian Apartment Properties Real Estate Investment Trust<\/td><td>3.86%<\/td><td>Safe<\/td><\/tr><tr><td>MHCUF<\/td><td>Flagship Communities Real Estate Investment Trust<\/td><td>3.84%<\/td><td>Very Dangerous<\/td><\/tr><tr><td>EXETF<\/td><td>Extendicare<\/td><td>3.81%<\/td><td>Very dangerous<\/td><\/tr><tr><td>PRMRF<\/td><td>Paramount Resources Ltd.<\/td><td>3.55%<\/td><td>Safe<\/td><\/tr><tr><td>PECO<\/td><td>Phillips Edison<\/td><td>3.43%<\/td><td>Unsafe<\/td><\/tr><tr><td>SISXF<\/td><td>Savaria Corporation<\/td><td>3.42%<\/td><td>Very Safe<\/td><\/tr><tr><td>BIRDF<\/td><td>Bird Construction<\/td><td>3.26%<\/td><td>Dangerous<\/td><\/tr><tr><td>GWRS<\/td><td>Global Water Resources<\/td><td>2.99%<\/td><td>Dangerous<\/td><\/tr><tr><td>PIFYF<\/td><td>Pine Cliff Energy Ltd.<\/td><td>2.63%<\/td><td>Unsafe<\/td><\/tr><tr><td>BBD<\/td><td>Banco Bradesco S.A.<\/td><td>1.73%<\/td><td>Safe<\/td><\/tr><tr><td>GRP.U<\/td><td>Granite Real Estate Investment Trust<\/td><td>1.26%<\/td><td>Very Dangerous<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ranking_the_Best_Monthly_Dividend_Stocks_Methodology\"><\/span>Ranking the Best Monthly Dividend Stocks Methodology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Below are reviews of dividend stocks with monthly payments. Based on the ranking methodology, the top positions are given to companies that provide stable income and ensure capital preservation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_1_Realty_Income_O\"><\/span>Monthly Dividend Stock #1: Realty Income (O)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 5.52%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 56 years<\/li>\n<\/ul>\n\n\n\n<p>Realty Income demonstrates high recession-proof. The occupancy rate of the company&#8217;s standalone properties has not fallen below 96%, even during the financial crisis of 2008. During the pandemic, only a small number of tenants, primarily restaurants and fitness centers, closed.<\/p>\n\n\n\n<p>This monthly dividend REIT operates on a triple-net lease structure. Today, these dividend stocks are considered the most reliable option for indirect real estate investments.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdicoyB8g0Cdf_yiAVrUmMj7vFP0C_cPiqAy7s7Wt4HG9ERcEZQu70YKr1z3g9398Nc8N9j1pfiePtfAH6-W_BnehfLJQRIU_yBxa1E8yKXRkPgs-S2tfwD_bBJJiWNPUDOi6SnJQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_2_Main_Street_Capital_MAIN\"><\/span>Monthly Dividend Stock #2: Main Street Capital (MAIN)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 5.3%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 17 years<\/li>\n<\/ul>\n\n\n\n<p>Main Street Capital is one of the oldest BDCs in the USA. MAIN\u2019s diversified portfolio of high-yield loans includes about 150 middle market companies. A significant portion consists of first-lien secured loans.<\/p><script data-noptimize>fpm_start( \"true\" )<\/script>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdrCkdphRh-va2YzChR4FUngSBu5cUtjUD62LMMU6FRHboheikshNX_jER5iVq3KOCRORsbZ8zSA2frVMfnYqvntVY48UNhH5hqpa7BNX5hCngYlm8Hb538b7SX-1uETvuP-AyykA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_3_Agree_Realty_ADC\"><\/span>Monthly Dividend Stock #3: Agree Realty (ADC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 3.89%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 13 years&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Agree Realty&#8217;s portfolio consists of approximately 2,000 single-tenant properties. The REIT&#8217;s clients are primarily retailers with investment-grade credit ratings. The essential business focuses are community shopping centers, grocery stores, and more.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXe7J6LqXUwMpWSDIaE2uT4sI_Kxo7goF430Ynq329iqpisH-1QTMuMC-U7nKwHjWoaW4DdQ4qFoM0f971SAJRtNYGNLMh9eD76lVjD5gKEhz8MiRO_4x_TzgtSJBtmIeD5r9jp-4g?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_4_STAG_Industrial_STAG\"><\/span>Monthly Dividend Stock #4: STAG Industrial (STAG)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Industrial REITs<\/li>\n\n\n\n<li>Dividend Yield: 4.49%<\/li>\n\n\n\n<li>Dividend Safety Score: Carefully<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 13 years<\/li>\n<\/ul>\n\n\n\n<p>STAG Industrial owns single-tenant properties, including warehouses and distribution centers for e-commerce. However, the primary focus is on manufacturing facilities. Therefore, STAG represents a cyclical REIT.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXd-_ZLjAhJ3vB0AeCAuISJN91L_u-c82-HRQg9BJ9AuetseLqdNQDrxVlVHCadO1FydqVnKuc_36KLocK5gpt5BgNcTS8CFGfs_8V4WMxLqMak4VWxPMYlYOGaj5TM5PaBrcK4GxQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_5_RioCan_RIOCF\"><\/span>Monthly Dividend Stock #5: RioCan (RIOCF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013<strong> <\/strong>Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.76%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>RioCan is one of the largest monthly dividend REITs in the Canadian market. The company primarily owns mixed-use properties. About half of the company&#8217;s revenue comes from grocery-anchored shopping centers.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdcqG8ysX4sVy1VE8OfdahuX9AT48S39gtGFeZ585mGn44kqYCkYLvbxlgC0yXzBEYiEyADmCeBYwPBiTkgAf3HFuSWkv99x4u2GJ-A8kMJ7Q30mb5TmveU1Dp2nBmeintBbCAQFw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_6_Gladstone_Investment_Corporation_GAIN\"><\/span>Monthly Dividend Stock #6: Gladstone Investment Corporation (GAIN)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 7.08%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 14 years<\/li>\n<\/ul>\n\n\n\n<p>BDC Gladstone Investment Corporation invests primarily in secured debt financing. However, about 15% of the portfolio consists of equity securities that provide capital appreciation. The management of GAIN is involved in managing portfolio companies and can contribute to value creation.<\/p>\n\n\n\n<p>The company pays regular monthly dividends from interest income. Additionally, upon exiting private equity investments, it distributes supplemental dividends.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf30S9Y-8QzpweKRAgX7QlR1A8K2NHkVzH4IrmceuXl6K28i0mDt52kbaJKsgt8uni6M0lNlAjybASeWxc2FLXlr7rI92FVsdOhXPxbq_bT1DVNGh9_GlSJhIkvT5a6Cpzh0ttSuw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_7_Gladstone_Land_LAND\"><\/span>Monthly Dividend Stock #7: Gladstone Land (LAND)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Specialized REITs<\/li>\n\n\n\n<li>Dividend Yield: 5.85%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 10 years<\/li>\n<\/ul>\n\n\n\n<p>Gladstone Land is an agricultural REIT that earns income from leasing. The company&#8217;s farms are primarily dedicated to specialty crops. About 10% of LAND&#8217;s revenue comes from participation-based agreements related to revenue-sharing from crop sales.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXepkBzVvufJJzMY3hdAnG0fItiFH3AHehNTyQDkemofERzgRdWYxI9j7XDKGzEdt8I7wuDJRrdv927GFkcO_PIunKQxsEeUKzWAgSfZw5f3fS7yI-JiciCto3SAroc_CROYBZ1gCw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_8_Phillips_Edison_PECO\"><\/span>Monthly Dividend Stock #8: Phillips Edison (PECO)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 3.4%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 4 years<\/li>\n<\/ul>\n\n\n\n<p>Phillips Edison owns 300 grocery-anchored shopping centers located in suburban markets. About half of them are in the Sun Belt region. Approximately 70% of the company&#8217;s revenue comes from tenants that sell necessity-based goods.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcyUtck4Nfi1DdAnQ68cvhH52vMxA5iomukIoz12_1UVeTCeP45XX5o3Gj6qROpi_VVNa9nad4d-Tv5sZipMTph_FVc6lS94mZisU01LlcTw_iLf4if426lV0uWKSWvnzUP79Tw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_9_EPR_Properties_EPR\"><\/span>Monthly Dividend Stock #9: EPR Properties (EPR)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Experiential REITs<\/li>\n\n\n\n<li>Dividend Yield: 7.18%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>The real estate portfolio of EPR Properties includes approximately 350 experiential properties. Among the tenants are movie theaters and eat and play concepts. It is important to note that during times of crisis, consumers cut back on discretionary purchases and entertainment, which negatively impacts EPR&#8217;s tenants.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXckGKAuspYm4rPnArCc6MG8JfulU7JrCvaVe83ya5a9jH91YA5YUlopCz9aGLDxpRs-_autr2pWVlpKJqzjOmrTFiPWzlQ_1Fa_E6_-tGBtQdO3kdGxP178J359fEir35ctDW8kPw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_10_SL_Green_Realty_SLG\"><\/span>Monthly Dividend Stock #10: SL Green Realty (SLG)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Office REITs<\/li>\n\n\n\n<li>Dividend Yield: 5.9%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>SL Green Realty is the largest landlord in Manhattan. Most clients are investment-grade tenants, such as TD Bank. Negative factors include the rising popularity of hybrid work and upcoming debt maturities. Together, these may lead to a reduction in the size of monthly dividends.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdd0cHJRS7WlOu7dzr9Vi13nE0eAGQ9LNa-91ajrWs5RXSjkycbAJBj5NlwYz0bS9vTqT41RNEygmwQybpi_ur1D3hxvLlUWcoTqsFvW5SfMEEoNBwYmMmB-br42MZItr2sED2x?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_11_Apple_Hospitality_APLE\"><\/span>Monthly Dividend Stock #11: Apple Hospitality (APLE)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Hotel and Resort REITs<\/li>\n\n\n\n<li>Dividend Yield: 8.08%<\/li>\n\n\n\n<li>Dividend Safety Score: Carefully<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>Apple Hospitality belongs to the category of hotel REITs. It owns approximately 200 properties with good geographic diversification. The properties are managed by Marriott and Hilton. The lodging industry is vulnerable to fluctuations in demand. The yield on these dividend stocks is entirely dependent on occupancy rates.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcQkPqhxIZQQQJmgL3cNmMU5A45-Tl9DDsqdH6wvfdC5jD8t4FRyWUQq8tGhA3CSyhs-B5yZNYUReIFDKssR-nCzg91IRXIp5rQmErqivJ2Z9sWn7kH4iKzGpC1Ri25J6eK3rY_fw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_12_PennantPark_Floating_Rate_Capital_PFLT\"><\/span>Monthly Dividend Stock #12: PennantPark Floating Rate Capital (PFLT)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 13.02%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n<\/ul>\n\n\n\n<p>PennantPark Floating Rate Capital primarily works with first lien senior secured debt. PFLT rarely collaborates with middle market companies. Loans are issued to small high-growth businesses in non-cyclical industries. The loan covenants include floating rates.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXd2xHma6SYiFaaJFhslb7uHljYDUn2JVEzn67bvb8Ct8WM09Xv1I1zwrnnMyGMZ9tExDLoBtSOloX2YMXt8sj5iXIIvJFIJ4qTVek0YCF6frzsSxXt9HYQ8Yk915Ehhn-HESh3b?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_13_Gladstone_Commercial_GOOD\"><\/span>Monthly Dividend Stock #13: Gladstone Commercial (GOOD)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Diversified REITs<\/li>\n\n\n\n<li>Dividend Yield: 8.47%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 year<\/li>\n<\/ul>\n\n\n\n<p>Gladstone Commercial owns industrial properties and office properties. The company has good tenant diversification, with no single tenant accounting for more than 6%. However, the high leverage of GOOD indicates a likelihood of payout reduction.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcrAr4kg4B1_Envy3kZPXBrkNSCdg1EvHWEUas852JQROumrhVjT_d0Yl_sNkDjPRUNEYZa7vEdT62JLrzWibMUljkjpK3qdGXN-h1FwEO7vwlb4rr7bQeiJeRGotQlx8R2Mlfp?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_14_Gladstone_Capital_Corporation_GLAD\"><\/span>Monthly Dividend Stock #14: Gladstone Capital Corporation (GLAD)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 7.95%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>Gladstone Capital Corporation is a BDC that provides capital to small businesses. This includes first-lien debt with variable interest rates, as well as private equity.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeWTOKrW7KCwNI3kAljQZKMViYJNOJffgFzZa-kwIgQ1mJy18WTJHMVYOibomchIvvgOBHEu6qEvbdG9He3HIRvmNxZ3i7uySKaaGnla8AR9CyMJlPJervNhhM5Ppt-7dvffOP7?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_15_LTC_Properties_LTC\"><\/span>Monthly Dividend Stock #15: LTC Properties (LTC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 HealthCare REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.41%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 22 years<\/li>\n<\/ul>\n\n\n\n<p>LTC Properties started its operations with mortgage loans for skilled nursing facilities. Today, \u00be of its income comes from leasing properties, primarily for senior housing. Tenant margins are expected to grow due to the increasing aging population. Revenues from essential services for the elderly make LTC&#8217;s monthly dividends quite stable.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdMavRHQK420qu8q9VdTGqPJtIRCgIL9zhsc8d88IiH-2bpmcprv7iVh0ZWbBPLBe4YaCi2wAYtFCFGeRktr89zcxjuG7XbZRpJYocRFyIaPtoUQYUtDPISohNw7NgkepAtPKmh9A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_16_Horizon_Technology_Finance_HRZN\"><\/span>Monthly Dividend Stock #16: Horizon Technology Finance (HRZN)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 15.73%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 7 years<\/li>\n<\/ul>\n\n\n\n<p>Horizon Technology Finance focuses on lending to development-stage companies. HRZN provides venture capital and secured loans in industries such as technology and life science.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcpFJjiQS8qUZi4LSeHG-Q7V-ApdtLh0SgDfN8Jay1RAf1ZJJj6WZC6qNcRyagZOFRi8WPUDGiUw7SHLrnBVcJ3wRPPBZcrpLMPeOw-obFYMsK9C6DrYK6uLFAAoC3W8Lt_JIS4ww?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_17_Prospect_Capital_PSEC\"><\/span>Monthly Dividend Stock #17: Prospect Capital (PSEC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 15.17%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Prospect Capital is one of the largest BDCs. PSEC operates under an external management structure and incurs expenses in the form of management fees. Over the past decade, the management company has not pursued asset growth to increase fees but has resorted to shareholder dilution.&nbsp;<\/p>\n\n\n\n<p>Another drawback is the low level of first-lien collateral, which can lead to high credit losses during economic downturns.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXck-ygYJkxwLX5OPh60gFAlf_Do7dJNCcn_DmFs08UBfTPdqqtrO8zp799O_OlLhs31HrHaxD5n1PbzsLjMEls5-Vyq8GToBPKG7764TT3VMNbU2ClQ_WLGgUxcJtzeNK9mBvWg_Q?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_18_Whitestone_REIT_WSR\"><\/span>Monthly Dividend Stock #18: Whitestone REIT (WSR)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 4.1%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>This monthly dividend REIT is engaged in turnaround properties. Whitestone REIT\u2019s portfolio includes shopping centers in Arizona and Texas. The company owns about 1,500 properties, but they have high geographic concentration.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdDNaYFAeEsI2sv4PYY5Db-OQFFJiWrKjrENtRp_XNJXN-GDj8LCDlZ1iAr6a97XagssgHKF_hhNhCy9jpVVCJvgo774uiGW4gl5mmWvHPq5I2aPl5ZiUGJxQ3-klawqVWw4Rm2jA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_19_Stellus_Capital_SCM\"><\/span>Monthly Dividend Stock #19: Stellus Capital (SCM)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 12.81%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>Stellus Capital is a BDC with external management. SCM works with small businesses that are financed by private equity sponsors. Over 80% of the portfolio consists of first-lien secured loans. The loan covenants include prepayment penalties to mitigate risks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXd-85qPmzOKOkMMPzeliHInZkPviq2g6JFR0J0uYW9jJW95L_1PL-RoEcOKFQa1Hjs83jFIfx4dJ2ht1uqRohkIWu956sYpkRmyBKLPE2m8BAoUc_UTc51-24_T_8WdPamwMyMCAw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_20_Ellington_Financial_EFC\"><\/span>Monthly Dividend Stock #20: Ellington Financial (EFC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Hybrid Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 12.8%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous&nbsp;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>EFC operates not only with agency MBS. The credit portfolio of Ellington Financial includes diversified investments. These are residential mortgage loans, reverse mortgages, commercial mortgages, as well as consumer and corporate loans. EFC has a much lower interest rate sensitivity than the agency business. This is due to relatively short financing terms and low leverage.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXer3UM9QhLFwv5q-lXAo-uCNZVsXXhfdTLsZWRRGqvCj48-p2FKhO1ms7qY9GSO9_519WV3SyaejgUXdY9aR8xjz2M6l7-Pzjzry9JPlDkOYgrH48wlqKR_NCLaZnqaQVnSRcLzCA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_21_Ellington_Residential_Mortgage_REIT_EARN\"><\/span>Monthly Dividend Stock #21: Ellington Residential Mortgage REIT (EARN)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 18.64%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Ellington Residential specializes in owning agency MBS. EARN enhances leveraged returns. Most of the company&#8217;s debt obligations are repurchase agreements or repos. The duration mismatch between agency MBS and repos is the main reason for the company&#8217;s reduced profits in rising interest rate environments.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcYymbUU18bjpGuIDFzPcubIVk8-p9B_PKRVMV-4sAZKbm-Zdo-B5SZ9zceT1sbCBsgVvO9dvoya8ZyHrnOKfjhTF9F6tmO4c8cTeS78W9-hLO3UCYtu8Vn10pkZlacp1ldCr5iIQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_22_AGNC_Investment_Corp_AGNC\"><\/span>Monthly Dividend Stock #22: AGNC Investment Corp. (AGNC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 17.27%<\/li>\n\n\n\n<li>Dividend Safety Score: Carefully<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>AGNC Investment Corp primarily invests in long-term agency MBS. Like EARN, the company uses leverage. Its debt consists of short-term repos. This makes AGNC vulnerable to interest rate risk.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc5WWpxlE74gplRMQXgaOimwpfwkkS58sZqdF6OQKHkiw0vgQW65n5F0at_Cv6Y7qY_pyQIwg1NuNhni2Ai9Nh8aTw5TkpsSan9HVfD_kv37bHEW1QUaPS33OzCoUL5pP5hdbeSCQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_23_Armour_Residential_REIT_ARR\"><\/span>Monthly Dividend Stock #23: Armour Residential REIT (ARR)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 20.14%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Armour Residential REIT specializes in agency MBS. The company engages in levered investments. Due to the interest rate mismatch between agency MBS and repos, there is a risk of the dividend decline. However, today among REITs that pay monthly dividends, ARR is now one of the leaders in terms of yield.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeycmddT9lh4qe4NsVqcyM_g3Luo5YKvz84TWa4yOhOJmEMonycS2Jw0j-ruVZ3959qpjJX9yUAYsBKmqkBq33jwwufBYaFbgJkWhktRKXk_V92NL5Trj4dsgQFo1EpZV8bJnY4?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_24_Orchid_Island_Capital_ORC\"><\/span>Monthly Dividend Stock #24: Orchid Island Capital (ORC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 21.98%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Orchid Island Capital profits from interest rate volatility and yield curve fluctuations. The company issues short-term loans and invests in long-term bonds. A high level of leverage can lead to margin calls.<\/p>\n\n\n\n<p>Interest rates rise is highly likely to result in dividend cuts. However, it is currently one of the stocks with the highest monthly dividends.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdIRQsI9zNp6cHpgs3Q-5eS68XFSx1J7IViuzeCARTBkHDKOx40aoqhwnJK81FeQutNryZmm13kMN5CeCFetsv2tOxiS79jBCc_f0rQ0bZcnTYAw2-XOim0Io4XaP3O4bc5fHvI-g?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_25_Oxford_Square_Capital_OXSQ\"><\/span>Monthly Dividend Stock #25: Oxford Square Capital (OXSQ)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Business Development Companies<\/li>\n\n\n\n<li>Dividend Yield: 16.87%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>Oxford Square Capital is a BDC that provides corporate loans to small companies. The OXSQ portfolio includes second-lien secured debt and CLO equity. Due to its high risk, OXSQ&#8217;s cyclical performance is weak. During downturns, the company incurs losses and reduces its monthly dividends.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcCETJ_4l1IzsjKEvaD_e8aKhBJTMxh8HANGkCKqSYdvyjMOWs3C2b1YNcXt1H8CdvEx4uvZvkuMhsDtIJRb62u9LYDjrh0-Q99im4XDe1kBxFsDHyl5yi_wchYHMk0686unjDDuQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_26_Dynex_Capital_DX\"><\/span>Monthly Dividend Stock #26: Dynex Capital (DX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 17.48%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>Dynex Capital invests in agency MBS and raises capital through repos. It profits from the interest rate spreads between these instruments. The current situation of high interest rates may lead to dividend cuts.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdeEsQSV5CtHCcLnqfmVWjjTjags54vAyFMX6t-sXuEzPGdWQbc1yLX0MZ_DfDD8T6rTUi4tCT0pFvh91ErxDKeultKV3GDNErsC_z7l-8_igqxp1vIHwdq4qoUeRpVVez0y1S_dQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_27_US_Global_Investors_GROW\"><\/span>Monthly Dividend Stock #27: U.S. Global Investors (GROW)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Asset Management<\/li>\n\n\n\n<li>Dividend Yield: 4.23%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>The company specializes in investment management. GROW owns 2 ETFs and 8 mutual funds. The underlying assets include gold, natural resources, and luxury goods. U.S. Global Investors also works with emerging markets securities.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfd9sjjiw7NhnjlJW0rAkNUrtUYW1aYG7bOUxw5N2129ZLRmPUq9knUyZ6Z20_VVegSW1nMAWYhl0UB0CJHYqMCbCjKYtZGGxfwenBewdabreKtzBwiE1iwDEsyPoY-rqQlfaq-Gw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_28_Modiv_Inc_MDV\"><\/span>Monthly Dividend Stock #28: Modiv Inc. (MDV)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Industrial REITs<\/li>\n\n\n\n<li>Dividend Yield: 7.65%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>The micro-cap REIT owns commercial properties, including industrial, office, and retail spaces. It owns around 40 properties in total. A drawback is tenant concentration, with some tenants accounting for around 10% of the revenue.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcXJ1KPlCql6ewuUYyduHsjFi0hFtK_8f62hee5o3S__Q-stMtWd5Pr5Q6AlQsXsobnoh3nPFfmKN4jaYtQxo-VzjtTdDsoiJmQkzOScQLmGe6Z-wVazAFt4MB354niheveeiEd9A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_29_Flagship_Communities_REIT_MHCUF\"><\/span>Monthly Dividend Stock #29: Flagship Communities REIT (MHCUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Residential REITs<\/li>\n\n\n\n<li>Dividend Yield: 3.85%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>This monthly dividend REIT owns manufactured housing communities in the Midwest markets. This sector is recession-resistant. The company has growth potential through acquisition growth. A drawback is the high leverage.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdJ4j4DJJpi-1bsocLa7Bzwxw4DJm7SPalWpvZE4UOeRjihyzVasZxJ-oQ6NfdegKEuoygnZf1-LZQo5FmYbDWDUr0pPZHieAfKIOitHXchkwzfUPsD9vZCVIM93S6JKFDddk3Png?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_30_Primaris_REIT_PMREF\"><\/span>Monthly Dividend Stock #30: Primaris REIT (PMREF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.12%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous&nbsp;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>PMREF owns more than 10 enclosed malls. The tenants are primarily apparel retailers. Due to retail transformation and e-commerce challenges, there is a risk of dividend reductions. The positive aspect is the moderate payout ratio.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf0DT6FPwaUTYgvffWAOnPiJ5g5xxsnycH2wvsdGd3fW5ZjPlMwLRLB8T0JjyPrZefjbOr8xR78UnKC65OB_WSbbO6JZcDrTN2JU0Yk5mb4ZoXr-_8H4koB0joYpjhLJExJuqJ7aw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_31_Timbercreek_Financial_TBCRF\"><\/span>Monthly Dividend Stock #31: Timbercreek Financial (TBCRF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Residential Mortgage REITs<\/li>\n\n\n\n<li>Dividend Yield: 10.41%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>TBCRF is a Canadian lender that provides short-duration structured loans to real estate investors in commercial real estate and multifamily properties. The drawbacks are the small size of the company and potential losses during economic downturns.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdNqNXy5gHqHefn4cUQBGRn8mM7OCgJKcC1QqrpTB_Dn58ak7zT61nhP7zZogiD4NhJTOtBxIX_T8qgBRaYxKlaY04sVSpkVxYTpQ1pqjXjK5DPQ-7RTHvhj3Hy31Lo2-favPAP7w?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_32_Fortitude_Gold_FTCO\"><\/span>Monthly Dividend Stock #32: Fortitude Gold (FTCO)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Basic Materials \u2013 Gold<\/li>\n\n\n\n<li>Dividend Yield: 13.01%<\/li>\n\n\n\n<li>Dividend Safety Score: &#8211;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>FTCO owns a gold mining company in Nevada. A positive factor is that it is debt-free. Negative factors include operational risk due to owning a single property and commodity dependence.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXejxKqfD6gE_b_ZrFUL6km5pByTLTHQiCx2ixXj9Olqu_SecyyVTZ3LtybRYU2XgZ_cWArL7MOtz498tvqrfjyh-2_4B5LiQHuBGfWcO9a093nukHdlFrM6xkC-H9wxi9GZME4R6g?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_33_Pine_Cliff_Energy_PIFYF\"><\/span>Monthly Dividend Stock #33: Pine Cliff Energy (PIFYF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 2.63%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>PIFYF is a Canadian company involved in natural gas extraction. It is heavily exposed to commodity prices. A positive factor is that it is debt-free. Management ownership is about 10% of the shares. The company is a recent dividend initiator and will not start rewarding shareholders with monthly dividends until 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXesd8ONjlAvhoRVby6kOlL5zaj2NGFoklzCvNV1avkR9VQ5JmHhpN1bC9YBDc_0GOAvjASTNJNTL7GpjfjTDf0uKwLK6fBTo3Cn4LDHO3GzOWeilDe-z2XUnbbNt0LqZWLJbY9S2A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_34_Paramount_Resources_PRMRF\"><\/span>Monthly Dividend Stock #34: Paramount Resources (PRMRF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 3.55%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>PRMRF is a company engaged in oil and gas exploration and production. Paramount Resources is heavily dependent on energy prices. Its undeveloped reserves increase capital requirements, which may negatively impact dividends.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXci9M7DnNR9wXmegV5czyMe18ZR0k5gUvuKxIqUoBIjg-uPtyXpTnHkMHMmAHszeXD0f6scKSvcdX-cbD_tSiGu8UKyaYa2KqnVa65QnmPqYga863QBp7I1dNEAgcYQBecgudO6fQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_35_Tamarack_Valley_Energy_TNEYF\"><\/span>Monthly Dividend Stock #35: Tamarack Valley Energy (TNEYF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 3.94%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>TNEYF is engaged in oil exploration and gas production in the Western Canadian basin. This is a business with high energy price sensitivity. The company follows an acquisitive growth strategy through new acquisitions.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdHL6DkCw2e7JgTRY0p01pb0o5-AuxNSEO0zrSxmHAfdhotZuAm7NVTEycqy8_h1k75OntleGWqr_dR5lmpVLcSlQpKL-5r9Of9gQU-o1u-7q9XhGGB94-KS_6aK65oa0BSNk2Sdw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_36_Granite_Real_Estate_Investment_Trust_GRPU\"><\/span>Monthly Dividend Stock #36: Granite Real Estate Investment Trust (GRP.U)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Industrial REITs<\/li>\n\n\n\n<li>Dividend Yield: 1.26%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous&nbsp;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>GRP.U owns an international portfolio of distribution centers and other logistics properties. The company&#8217;s assets are located in Europe and North America. Granite Real Estate Investment Trust is a beneficiary of positive e-commerce trends.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXctalyGdZir5S4pTRwaCkXaxN8Y7tM79mNNd3EspeRW5xZNExGGseaoTkga261b0JjjSVi9pc3Xmp53TM-DA-SkZAZ31cNe-Vm6vXtB9asUNwIqNLnBfD6Emt2wOwInRXper9tgrg?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_37_Canadian_Apartment_Properties_REIT_CDPYF\"><\/span>Monthly Dividend Stock #37: Canadian Apartment Properties REIT (CDPYF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 3.86%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>CDPYF is one of the largest funds in the Canadian housing market. The company manages multi-family residential apartment communities in Canada and several other countries. The apartment complexes are primarily located in urban centers and have stable occupancy.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf_HDNlfOM9WUegTt70UCMJyPslnxRIaGAGTqVsMogcpEdYyxwoyxN6ARgqTOrbDOGmnmGTabZKJd2HH3KSYTbZ74h5OfSQWNA8clJe9cMBOrUvx8WEmFZsIHNBYUQsFjci6S8JGg?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_38_NorthWest_Healthcare_Properties_REIT_NWHUF\"><\/span>Monthly Dividend Stock #38: NorthWest Healthcare Properties REIT (NWHUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Healthcare REITs<\/li>\n\n\n\n<li>Dividend Yield: 7.39%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 years<\/li>\n<\/ul>\n\n\n\n<p>NWHUF operates in healthcare real estate. Its international portfolio includes hospitals and medical office buildings. The company has long term leases on space and has index contracts with tenants. It can be classified as part of the defensive sector.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcVa6KuQg0qZ3hd4Vf5WMOXTYsmyvuRyrsjQbJRZdP79l5v2MiYcSDlZIbvES50IeqOgCP9Tg6SqS_NeEP7jyMx5YNCHFTDRqxHtf93WEtgF027EAWTO0m2Ryh_9ggrByXplCp-Ng?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_39_Northland_Power_Inc_NPIFF\"><\/span>Monthly Dividend Stock #39: Northland Power Inc. (NPIFF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Utilities \u2013 Renewable Energy<\/li>\n\n\n\n<li>Dividend Yield: 6.58%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>NPIFF is a beneficiary of the clean energy transition. The company is engaged in power generation using wind power and solar energy. Its facilities are located in seven countries and generate up to 3.2 GW.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXd21VfWEU59dec8JhuSonIRS63PlinPx6vIRbxyYA5qEATxgFcy7ZQFv4MvduMVR72W9ANt0wNEKBZsiGlMam-QNi6OOEmrQ0D66-QnsmC6v25iCKsH2tGoBKgtfgKbiGSq5EmtsQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_40_Exchange_Income_Corporation_EIFZF\"><\/span>Monthly Dividend Stock #40: Exchange Income Corporation (EIFZF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Industrials \u2013 Airlines<\/li>\n\n\n\n<li>Dividend Yield: 5.41%<\/li>\n\n\n\n<li>Dividend Safety Score: Very safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>EIFZF operates with diversified operations, growing through an acquisition strategy. The company provides aviation services, including pilot training, aircraft maintenance, and transportation. It also engages in manufacturing windows and owns television towers.Income investors with a Canadian focus should note that dividends from Canadian companies are subject to a 15% withholding tax.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeJ4HDG_tZRC0rVKLnwsBYYnmYsZQJJMyvTlmkw3Fabe8wzvo_QPB6gK8sl8wJHsWjUpQg388Oq-GZFxRvxbQmNwp3vPkgLf5TyOLP4VuEJ1zG_7WJctG_3DlJRZWcQgvTDFY1fCw?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_41_SmartCentres_Real_Estate_Investment_Trust_CWYUF\"><\/span>Monthly Dividend Stock #41: SmartCentres Real Estate Investment Trust (CWYUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 7.39%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>This monthly dividend REIT is one of the leaders in the Canadian retail sector. CWYUF owns mixed-use development properties in the center of each province in the country. These include open-air shopping centers, grocery-anchored stores, and more.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXclK3QczYply3TnNdLvKkNaoe4iVuo8PEN8RgcLuhYm1ZQtE-qpkjeN101kQbmAtF0RT15OGdA1DUi-ZqMiFg152vsvksbPS6oWGV2XfhHfcEXA_oHZPLOyudVg4WVpStmaVZ1tUQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_42_Dream_Industrial_REIT_DREUF\"><\/span>Monthly Dividend Stock #42: Dream Industrial REIT (DREUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Industrial REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.8%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>DREUF owns more than 250 industrial properties, including warehouses, distribution centers, and logistics facilities. This allows the company to capitalize on e-commerce trends. The majority of its portfolio consists of single tenant industrial properties located in Canada.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdVhRgzYnqQIsE0x1ZlZZhB0rz61wlhNZ-w8jG4RgVcir_teGlViW3SiyGKizT0CmijnFu58Ao6Y8ubzYyI7AmkgNBfQY8daXO1S_Qg-TZzdTxhN3VPPgJZb29oaPIxtPtsqYRG1w?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_43_Dream_Office_REIT_DRETF\"><\/span>Monthly Dividend Stock #43: Dream Office REIT (DRETF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Office REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.11%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>DRETF is a leading player in the Canadian office market. The company&#8217;s office properties are located in Toronto and the largest urban centers in the country. Dream Office has high tenant quality. However, the company is expected to incur losses due to a potential decline in interest in office properties resulting from workspace evolution and the shift to remote work.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeKXod05zEIhvDAJTCTau6iMEAVSioSNXv5DPb2jfavbK_NzC67rRzlE3RHeM5P2aC0cFxNILNu8aJA8OalmfKpWDIrAX0bIB45AlpGjd0UTAwoKgRTHmCd42nM8-vhyYrMQ-8k?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_44_H_R_Real_Estate_Investment_Trust_HRUFF\"><\/span>Monthly Dividend Stock #44: H&amp;R Real Estate Investment Trust (HRUFF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Diversified REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.34%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>HRUFF owns office properties, retail centers, industrial facilities, and residential apartments in North America. However, the management has decided to gradually divest from retail office buildings.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcGrHZMZIIkeLSxPAhzeuz3oMMKaqpGm37sqfSBRMRHiiUhp8Hy3mpyX39QHY_vJA84KaII2clH-7KEnQJrqEiz8AQtTtEIu9whUwpdlBVMbpmMBwtoZ98ZxpodrHJ6Z88xMe1cmA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_45_Sienna_Senior_Living_LWSCF\"><\/span>Monthly Dividend Stock #45: Sienna Senior Living (LWSCF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 HealthCare REITs<\/li>\n\n\n\n<li>Dividend Yield: 5.68%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>LWSCF manages long-term care facilities and retirement residences in Canada. The senior housing provided includes healthcare services, specialized memory support programs, and more. Due to aging demographics, an increase in demand for skilled nursing facilities and similar organizations is expected.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdBGnNGj68xczOlYOcimnNTm1SOnkVoGzliVWJ49oXsqtJG8RuD5JvLomy7QQDXtTRNQtwMWh5aQHckkmhVWV45BnXCYRXFDw57csB--lZzIZ5w-4Ny7Dr258Q9Si7fehjHt1HN?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_46_Mullen_Group_Ltd_MLLGF\"><\/span>Monthly Dividend Stock #46: Mullen Group Ltd. (MLLGF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Industrials \u2013 Trucking Services<\/li>\n\n\n\n<li>Dividend Yield: 6.68%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>MLLGF provides logistics services, including transportation for freight, warehousing, and more. It also provides specialized construction, forestry, and energy services, such as liquid transportation and environmental restoration. The majority of its profits come from Canadian infrastructure, with an additional segment of the business operating overseas.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcClOENVQKdCueNd2HOuTnyl5MPezah5rICuFXeq0VYd9ZxubgZEGDU2di7Z3LX6Y0ea5EmoNh2NL_srTf9aQ0gmJmTDY0MIsUjU3OjCv4l3gbM2mGcUadyH3frMT_D5deiBOqClg?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_47_Choice_Properties_REIT_PPRQF\"><\/span>Monthly Dividend Stock #47: Choice Properties REIT (PPRQF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 5.28%<\/li>\n\n\n\n<li>Dividend Safety Score: Very dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>PPRQF is a Canadian REIT that manages retail real estate grocery-anchored stores and necessity-based retail. An additional focus includes offices, manufacturing buildings, and multi-family properties. A key feature is its strong Loblaw relationship, which accounts for 500 of the company&#8217;s 700 properties. This ensures consistent rental income, but insufficient diversification increases risks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeZB2wIffJ-kfKoNqRhIPmVseo1HLFgFQhM5bZDgpSLll0_GU9gMvwHCcbq3IHz5_02gh8zmXuR1h21K1wirJMXmeXPM4znfhXTULiSX8P_vUBx53qN8D4Ks460r1jyb0KjqcQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_48_Whitecap_Resources_Inc_SPGYF\"><\/span>Monthly Dividend Stock #48: Whitecap Resources Inc. (SPGYF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil &amp; Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 9.12%<\/li>\n\n\n\n<li>Dividend Safety Score: Very dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 4 years<\/li>\n<\/ul>\n\n\n\n<p>SPGYF is a Canadian producer of oil and gas. The company specializes in carbon capture and supports the energy transition to low-emission sources. However, the dividend sustainability is in question, as the company&#8217;s profits still heavily depend on oil and gas prices.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXciYKYa6Z524fdN-XHnWiRitSJT1SHEo-NsKuuAMJidNjDfG8b7XJV56a1fpuNSvR8s5QOMfi6UYgR6Kcf5NHwOePT-rPSEIAjrr4Ypb5V30VanXhVwqGMFiIxi5fyPOlf2zkGlxg?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_49_Freehold_Royalties_Ltd_FRHLF\"><\/span>Monthly Dividend Stock #49: Freehold Royalties Ltd. (FRHLF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 9.18%<\/li>\n\n\n\n<li>Dividend Safety Score: Very dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>FRHLF is a representative of Canadian energy with a diversified portfolio that generates income from oil and gas royalties. The company&#8217;s profits are subject to commodity exposure. A strong point is that Whitecap Resources Inc has no operational costs.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXftFkQwrJg0Z6aFUJvpZZEotxGqEDhkVNGHSXdqXms8DFGy_hDJR3VPEaQdzIbb5bf7NcSe2E7kQbCuyrfjnbXPM6E0AFZy_17VSMXej9A5E19BLkGC9jhgM0HYnsIC-tMFsI_j5A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_50_Peyto_Exploration_Development_Corp_PEYUF\"><\/span>Monthly Dividend Stock #50: Peyto Exploration &amp; Development Corp. (PEYUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 7.35%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>PEYUF is a natural gas producer with vertical integration. The primary operations are conducted in the Western Canadian sedimentary basin, with an additional 45% of revenue coming from its U.S. division. The company places a strong emphasis on low-cost operations. Profits are heavily influenced by commodity prices.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcU6YMlH0kO87brTLZngRnICU_Y7SEj3KUmwIBlhsD6wfeXuZju40-_G_VGtnRRNSQSoczFAEWyatNeJIwQlCWBXsx2qLmR5Rt8J1FLyDWYVfu3H_FW0PBQpORDOHfP7HgfQ60-3g?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_51_Pizza_Pizza_Royalty_Corp_PZRIF\"><\/span>Monthly Dividend Stock #51: Pizza Pizza Royalty Corp. (PZRIF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Consumer Cyclical \u2013 Restaurant Royalties<\/li>\n\n\n\n<li>Dividend Yield: 6.72%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>PZRIF is a representative of the foodservice industry operating under a franchise system. The company owns established brands in the Canadian market, including Pizza Pizza and Pizza 73. It has no direct costs, and profits depend on sales in the restaurants.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXexGKHCskmHHT9_z-_-xc02Q8HEFkZnb4QTdWqU7GpYnxXoBOcbVXWn5dkWylHQV5JMhGuYvH-JFrO8McyL-fwodvzFVrBUO1KUCw-6luko-a_HWFWVwrtq90y7G0RbTMccpJuf?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_52_Boston_Pizza_Royalties_Income_Fund_BPZZF\"><\/span>Monthly Dividend Stock #52: Boston Pizza Royalties Income Fund (BPZZF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Consumer Cyclical \u2013 Restaurant Royalties<\/li>\n\n\n\n<li>Dividend Yield: 7.91%<\/li>\n\n\n\n<li>Dividend Safety Score: &#8211;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>BPZZF owns the brand rights to Boston Pizza. These are Canadian restaurants offering casual dining and operating under a franchise system. This type of business is more sensitive to declines in the financial situation of customers than fast-food establishments.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcJCOo8Zlf_VtYJkRLlVb7WF0RfN7X_NiD1fYGHIuFYCHSM2cIt6JWlUlCjaA6lm0ce_fyn2qtwPgmI8icXWIjoUdndU-QU15ECO4vLNFZp5XPX1lPfHh1a_9C1QztWDydGkOsi?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_53_The_Keg_Royalties_Income_Fund_KRIUF\"><\/span>Monthly Dividend Stock #53: The Keg Royalties Income Fund (KRIUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Consumer Cyclical \u2013 Restaurant Royalties<\/li>\n\n\n\n<li>Dividend Yield: 8.1%<\/li>\n\n\n\n<li>Dividend Safety Score: &#8211;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>KRIUF owns the well-known steakhouse brand The Keg in the Canadian market. It falls under the premium casual dining segment and offers a wide variety of dishes at the consumer discretionary. The target audience is individuals with above-average income.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdPK9F-RS2WgdC92sRjtSy9J5FRXPlPIyLUuOvC0S4JRgR6VXghMb0koktrfmCE4oPnfzuRuizT4vj85_pKVWqTzR2We_YjE2sjQ8-FNnNqCtfxwXGeDk215FfY3UoGfQ6SNZseHA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_54_Chemtrade_Logistics_Income_Fund_CGIFF\"><\/span>Monthly Dividend Stock #54: Chemtrade Logistics Income Fund (CGIFF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Basic Materials \u2013 Industrial Chemicals<\/li>\n\n\n\n<li>Dividend Yield: 7.44%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>CGIFF owns manufacturing inputs and provides services in industries such as water treatment, electrochemicals, and other areas of the cyclical industry with relatively predictable demand patterns.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfu6MDGcbuC1mUAmuAqz_T8W-TrfZLpq_rh4JEZAx3_wn8hEMVi2mTikAzIKKIjLvMO4GLGFDTiHdDf2U0TLFa06a9fJrS_sb_NKF2jG3CX86Kl6w4oiqrZdMikt7xQRg4RHA9OmA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_55_Richards_Packaging_Income_Fund_RPKIF\"><\/span>Monthly Dividend Stock #55: Richards Packaging Income Fund (RPKIF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Consumer Cyclical \u2013 Packaging Products<\/li>\n\n\n\n<li>Dividend Yield: 4.83%<\/li>\n\n\n\n<li>Dividend Safety Score: &#8211;<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>RPKIF operates in areas such as healthcare packaging, food packaging, and essential products. The diversity of its product offerings and a well-established distribution network provide relative stability in profits.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfG9zmTl9JtgIDZy6CEbTnkpWDCa2PTkX63Wn4D-sDfgQmz5eMpXVBnzoxn25sELfcEP8ks75P7TaSAui2qDGQ8eE_EEgHJx6pwI2O7EI6noYjc2N0aQEwwCca4vujtXkC_ZpLd?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_56_Extendicare_Inc_EXETF\"><\/span>Monthly Dividend Stock #56: Extendicare Inc. (EXETF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Healthcare \u2013 Medical Care Facilities<\/li>\n\n\n\n<li>Dividend Yield: 3.81%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>EXETF provides senior care in long-term care facilities and retirement living communities. It also offers home healthcare services. This Canadian company benefits from aging demographics, and its revenue remains stable due to government funding.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcRXVmNeAFZYTfQ5zstj7fWOCy3J2aYs3P0o90uNt6pQ-NDD3F5dto4xp6MGUS4yu-f5uFxoz5_6FPA4EW3i2rEXIyFePV3NvF5aUmXo1FpUzOOF_NnwJZ1fHHbpcOulss7CWnRBQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_57_First_National_Financial_Corporation_FNLIF\"><\/span>Monthly Dividend Stock #57: First National Financial Corporation (FNLIF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Mortgage Finance<\/li>\n\n\n\n<li>Dividend Yield: 6.23%<\/li>\n\n\n\n<li>Dividend Safety Score: Very safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>FNLIF provides mortgage lending in the Canadian housing market. An important part of its revenue comes from mortgage servicing. However, the company has high interest rate sensitivity, like other players in the financial services sector.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfdk1P9VFuSIuSnLQSPns6jq0Nk5_qKk1lRn1c1MyoXkpyrPtbRzyMnpqFgjt0XQbVZZhRVKo1QFOPfvG6ReAIyEGEXNTla4NGWtO7YrbStEr9-8p55UdzRsw6Qmmbo576jvDhQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_58_Bridgemarq_Real_Estate_Services_BREUF\"><\/span>Monthly Dividend Stock #58: Bridgemarq Real Estate Services (BREUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Real Estate Services<\/li>\n\n\n\n<li>Dividend Yield: 9.73%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>BREUF operates a franchise network of real estate brokerage firms. The company owns the rights to the brands Royal LePage, Via Capitale, and Johnston &amp; Daniel. Royalties are calculated based on transaction-based income from real estate deals. This means that profits and dividends depend on housing market cycles.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfLBdDBLNpHk6txDq2N9LPjBYA5lN5JZclRrW89YFBxnqRdLM1OnipgCjl_iIeLCjMZJajQTRTU-6CCGrCdhGDIy373Mzw-mbzp3pC3SN5w6cyPANO6SijU2NPcGFe6z94JIr7EhA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_59_Atrium_Mortgage_Investment_Corporation_AMIVF\"><\/span>Monthly Dividend Stock #59: Atrium Mortgage Investment Corporation (AMIVF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Mortgage Finance<\/li>\n\n\n\n<li>Dividend Yield: 8.57%<\/li>\n\n\n\n<li>Dividend Safety Score: Very safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>AMIVF is engaged in mortgage lending, including short-term loans, first and second mortgages. The company works with residential and commercial Canadian real estate. Atrium Mortgage practices a low loan-to-value ratio. This conservative approach to real estate financing supports credit quality and reduces risks.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdFu9f2kTtd8i4pAxjHtCQMPembM4nBdN4X4I6tYzIp1ZUu0AGhVGN5cx3Eb26yXT8AUBV-7e2tDuaGMb-ka_piRd0Rxu6jzd7L1p0OVgKGRueYa5SDz_I4M01F-PdBo0vM4bOf9Q?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_60_Banco_Bradesco_SA_BBD\"><\/span>Monthly Dividend Stock #60: Banco Bradesco S.A. (BBD)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Regional Banks&nbsp;<\/li>\n\n\n\n<li>Dividend Yield: 1.73%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>BBD is a leader in Brazilian banking. The company holds a prominent position in the Latin American finance market. The bank operates in emerging markets and has extensive international exposure. However, the company&#8217;s dividend policy is not characterized by stability.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcBFL0NNRl0cfeEIW26Et6E95YdqGghh7FUVnu3CrY1DjU1M92_hWLjbJ7k00kG8HScWdBadd6VC16JAxTDzpkTJK9iaUaqj2XGKSvsd968kK8AprE11lgxhgNlbVKcnOlw2gNN2g?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_61_Itau_Unibanco_Holding_SA_ITUB\"><\/span>Monthly Dividend Stock #61: Ita\u00fa Unibanco Holding S.A. (ITUB)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Regional Banks&nbsp;<\/li>\n\n\n\n<li>Dividend Yield: 6.43%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>ITUB is another representative of Brazilian banking. It is present in the Latin American finance market, in other emerging markets, as well as in the U.S., Europe, and Asia. Including its shares in a portfolio is a way of ensuring international diversification. However, the amount of the monthly payout is extremely unstable.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXexS19ucv5v1BamBKQYhSKbBmKxaRJfUALNGwIxRT69FJO9-i64Fm9qgau2AtEQlbOUmcUhYYerfQHgh15-h01iuwt90zF8KNfa4jxsE4fRA3iYo-qPvpUxbPg12hdhkA_8b2UNWA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_62_Cross_Timbers_Royalty_Trust_CRT\"><\/span>Monthly Dividend Stock #62: Cross Timbers Royalty Trust (CRT)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 9.64%<\/li>\n\n\n\n<li>Dividend Safety Score: Carefully<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>CRT owns oil and gas infrastructure assets in Texas, Oklahoma, and New Mexico. The company&#8217;s revenue consists of oil and gas royalties. This depends on production volumes and commodity prices. An important drawback is the depleting assets of the trust.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeE0M69Eomdy1qYQ0M_uKB_83mN7Cbhklb4CGh27465BQOiV5suEAG5bG0TGSnl11Ls4TMhenM-DUSxzvYArKyNm-Qxv3lRz1hlbBvnlckOi93yjWhiUdQz3KAnJwPelRpALCKv8Q?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_63_Diversified_Royalty_Corp_BEVFF\"><\/span>Monthly Dividend Stock #63: Diversified Royalty Corp. (BEVFF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Industrials \u2013 Specialty Business Services<\/li>\n\n\n\n<li>Dividend Yield: 8.93%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>BEVFF operates in the franchise businesses in the Canadian market. The company owns a multi-brand portfolio. For example, it includes Mr. Lube, Sutton, and others. Its profit comes from trademark royalties. Its monthly dividends can be considered stable revenue streams.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdNlrDRoITPikiYCdfIQLImXRgeY959ZTTUuLMveR1G2YO5c9Nja9PfyWVMmBuS6wK0-XZOaV82HJ_tigfjV8id4-rBvTZCzFk-G6cAzRmG_gu8a9gE1kGIvLWxEZuOlQ2Gb5E0FQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_64_BSR_Real_Estate_Investment_Trust_BSRTF\"><\/span>Monthly Dividend Stock #64: BSR Real Estate Investment Trust (BSRTF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Residential REITs<\/li>\n\n\n\n<li>Dividend Yield: 4.61%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>BSRTF is an internally-managed REIT. The company owns multi-family apartments in Texas and other key Sunbelt markets. BSR Real Estate Investment Trust benefits from population growth and demand for rental housing in this region.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcUgzpI5rH5aSp5vy2xV5mruCm6rabaxXuBGH7PgXvhL-2Abwlrf5Joyh0GYPHaDCM_Iaq9DfqIItu4EkEqPntBo0Z_JVA78yLf1rG2e86cDDQQv3LwEb1oqgr-uYXQZxtjzUP-4A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_65_Firm_Capital_Property_Trust_FRMUF\"><\/span>Monthly Dividend Stock #65: Firm Capital Property Trust (FRMUF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Diversified REITs<\/li>\n\n\n\n<li>Dividend Yield: 8.69%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 year<\/li>\n<\/ul>\n\n\n\n<p>This monthly dividend REIT owns a portfolio of diversified real estate. It includes retail properties, industrial properties, and multi-residential units. The property management strategy stipulates that no single tenant should account for more than 6% of the cash flow.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdBfrbNwJJgPsiH2XDgtWmcx2JBVhSDP7oMj6Y3YrinCsiApDPnNa6EBcxw3iujI9aQ7rz-8q9-mLgsTGG-_7P_NSGQobPITJQ-PUZsEMrDo4LtZI7HnQ0zUpGidShQo-CGvOfQAQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_66_CT_REIT_CTRRF\"><\/span>Monthly Dividend Stock #66: CT REIT (CTRRF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 6.28%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>CTRRF manages retail properties. A positive aspect is that the leases are structured as triple-net leases. On the negative side, there is a high tenant concentration. A key partner is Canadian Tire Corporation, which operates in necessity-based retail and household goods.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcRPZLSw97jo2OgwsMDeXHU1n1obVgpT-ep2rI9DsVqhJns4KvER-Ft8YuB2r7rqXgXioHcRHqHGNv-dyORzjeU1XCTO5vd3OXeVHd62o4H7-ZGQVVBhU9-i5JpD0ptv_nAltJ8jQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_67_Slate_Grocery_REIT_SRRTF\"><\/span>Monthly Dividend Stock #67: Slate Grocery REIT (SRRTF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Real Estate \u2013 Retail REITs<\/li>\n\n\n\n<li>Dividend Yield: 8.55%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Slate Grocery is a Canadian-based REIT that operates with U.S. properties. The company owns grocery-anchored shopping centers. Essential retail has defensive characteristics, and the level of demand is not dependent on economic cycles.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcRNqvXjYrlOgVe7PuLqzODcY3lOqEf2O6D8_fu_t0uqKqMMd_PN4OTjIlgKkIAOC6qKtb5RSRRJV3UnyJeUuogGaXzq_0UP-FctBIjjlnzFtIRTTICYvZxsIGfEmnYfjMqeq5c5A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_68_Global_Water_Resources_GWRS\"><\/span>Monthly Dividend Stock #68: Global Water Resources (GWRS)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Utilities \u2013<strong> <\/strong>Water Utilities<\/li>\n\n\n\n<li>Dividend Yield: 2.99%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>GWRS provides water supply and owns wastewater utilities in Phoenix, Arizona. The company receives regulated income and benefits from population growth.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdDlaa8cJ0OPCfGe9kVNJezGGnsUt8EQfy1O-sT4GFb5PArQ2SvyhwyRZ-Vd7LCIVQtf3jAAb3GD4QfbOS9SYwh9-2ksckjyGJpQ7DMbvFLbUPtT8pDz4iN7hUxEsBHM1kJFXAw5Q?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_69_Savaria_Corporation_SISXF\"><\/span>Monthly Dividend Stock #69: Savaria Corporation (SISXF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Industrials \u2013 Industrial Machinery and Components<\/li>\n\n\n\n<li>Dividend Yield: 3.26%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>SISXF offers medical equipment, mainly accessibility solutions and mobility products. For example, wheelchair lifts and others. The company expects acquisitive growth in demand against the backdrop of aging demographics.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXddf8_EZ4A3g3AeViQIkMhQLG7GEinxkG3_kcilqZJwsz2PeRO7RCUD7oy7H-0O9fc8KOY7-wxaJSehRZ68IcMHouUSMMmm2YB686WSxbH2cJTXgiBurpzS_1SULzTUMdMErxDx?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_70_PermRock_Royalty_Trust_PRT\"><\/span>Monthly Dividend Stock #70: PermRock Royalty Trust (PRT)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil &amp; Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 12.34%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>PRT&#8217;s revenues are derived from gas and oil royalties.Their level is directly influenced by commodity price volatility. The company owns assets in Texas, Oklahoma, and New Mexico. A negative aspect is the expected depleting assets and a decline in production.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXetwtzI7SzcUnjx2szDuOSDr-r7DJT_8FdhiA9BRVEVSyfTDqfiRmYz_KKP337p4pXnaGFui4ITa9cwYUxz-cB9SokdKie8x0aFJsY9zz9DipaaEco-5JgYpjdakWnzDOjILwHp?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_71_PennantPark_PNNT\"><\/span>Monthly Dividend Stock #71: PennantPark (PNNT)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Financials \u2013 Asset Management and Custody Banks<\/li>\n\n\n\n<li>Dividend Yield: 15.48%<\/li>\n\n\n\n<li>Dividend Safety Score: Very Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 3 years<\/li>\n<\/ul>\n\n\n\n<p>PNNT provides debt and equity financing to middle-market companies. A large portion of the portfolio consists of first lien loans. The company utilises second lien loans to enhance yields.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeNhuKgUFAYDXxjE0KfsN9hQFT2l3mHgHdoiRpLTeCKkxFrE5Gl_T4P2UQeGM07jksIKlKIyRGh5Y47wqptjlCxp_khKvAHZTe3lHJySH9CxTS0h-zbrzIeZiI7TV2DbUpqtejP?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_72_Cardinal_Energy_Ltd_CRLFF\"><\/span>Monthly Dividend Stock #72: Cardinal Energy Ltd (CRLFF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 12.95%<\/li>\n\n\n\n<li>Dividend Safety Score: Safe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>CRLFF is engaged in the exploration and production of oil and natural gas. Operations are conducted in the provinces of Alberta, British Columbia, and Saskatchewan. A large portion of the company&#8217;s revenue comes from the sale of crude oil.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfM02GHfL4j7EmK5dMQlEWP8I29vTuk4vVM4JVdED7T3jqC-BICpRzw_mP4imYxu4b-UobPc-lVz7TJVBgx-WRjvIFtiIb6E6IYdyWEGBdrvGynydVXd-zkRADxUooyGDe5HIG6FA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_73_Surge_Energy_ZPTAF\"><\/span>Monthly Dividend Stock #73: Surge Energy (ZPTAF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 10.63%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>ZPTAF is an oil and gas company from Western Canada. It covers the full cycle from exploration to production of oil and gas. Key assets are located in Sparky, Southeast Saskatchewan, and Alberta.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcuNkIK0wdZrIwmYub1AlFyVjzLHNFcgg_q6-ZnxVTGGkG32oBaSXVVu_r-gcxYn5wJnp8a_oSf6U2aDbAf19msIYdFD3yPFNI39HpRqPMC_RuclbhonmnwKv8mC9-HevsaQT7h4A?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_74_Permian_Basin_Royalty_Trust_PBT\"><\/span>Monthly Dividend Stock #74: Permian Basin Royalty Trust (PBT)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 16.87%<\/li>\n\n\n\n<li>Dividend Safety Score: Unsafe<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 1 year<\/li>\n<\/ul>\n\n\n\n<p>PBT owns interests in oil and gas properties in the US, with a large proportion of its holdings in Texas. As with all oil and gas royalty trusts, profits and dividends from the Permian Basin are heavily dependent on commodity prices.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfDZpj1YlsN457w4Uhv_Ed_aqEz8KYXI7I6NWT5y-Uv45MDT7r-0mPEd9YqgWxLZ1pR08222LSNJISpkKYfT-UgCtzB8FwILMZXi_Z8QcB6YpFHD-TEH-VGfdMORa4Gh7w4wYYUUA?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_75_Bird_Construction_BIRDF\"><\/span>Monthly Dividend Stock #75: Bird Construction (BIRDF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Industrials \u2013 Construction and Engineering<\/li>\n\n\n\n<li>Dividend Yield: 4.11%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 2 years<\/li>\n<\/ul>\n\n\n\n<p>Bird Construction is a Canadian construction company that also provides capital repair, maintenance and ongoing repair services. The company is expanding through acquisitions. For example, it recently added a civil infrastructure construction business to its portfolio.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc3v4v79wqmjiAi3d9qm3xtOMkepZndPPxIwDvfJOe_jhpVi2H4nOFn77q-7lNCBIjoCgGotutTsbGMFzApzL3sspcYhHvbe1ACOP85NawNpkBbWI1jjasNlAMJPVQ7QwtFzzi6sQ?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_76_Sabine_Royalty_Trust_SBR\"><\/span>Monthly Dividend Stock #76: Sabine Royalty Trust (SBR)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Sector: Energy \u2013 Oil and Gas Production<\/li>\n\n\n\n<li>Dividend Yield: 9.38%<\/li>\n\n\n\n<li>Dividend Safety Score: Dangerous<\/li>\n\n\n\n<li>Uninterrupted Dividend Streak: 0 years<\/li>\n<\/ul>\n\n\n\n<p>Sabine Royalty Trust is a special trust established to receive royalties from Sabine Corporation. The company receives payments for the extraction of minerals. Its properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. The amount of the payout is very volatile.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdgeNC9Xe-330u9RY7eoYh8HjzImC2yEbQaFYAvgw3MwpEbAj9arUXgStRcphzLEix2Kn_FkqBPqM5UVHolBKg0Ffnby8ccpwzgTOHuWZfWSKfN4x3A3Iql0eAeT4VmIrD-6J38?key=loX9iEMBs0sBR17dzyiGNv7l\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_Dividend_Stock_Performance_Trends\"><\/span>Monthly Dividend Stock Performance Trends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Total return metrics for a stock consist of dividend payments and growth in market value. As seen in the overview, most dividend stocks with monthly payments belong to cyclical sectors. Their performance is influenced not only by sector performance but also by the phase of the economic cycle. This primarily applies to oil and gas companies, followed by monthly dividend REITs that are associated with retail and office spaces.&nbsp;<\/p>\n\n\n\n<p>Over a long investment horizon, the comparative returns of such assets can be said to outperform broad market indices. In addition, volatility analysis shows that many stocks with monthly dividends have a beta greater than one.&nbsp;<\/p>\n\n\n\n<p>In the short term, the situation may be different. For example, a yield comparison for February 2025 shows that dividend stocks with monthly payments underperformed the Russell 2000 index. In March 2025, however, they significantly outperformed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategies_for_Building_a_Monthly_Dividend_Portfolio\"><\/span>Strategies for Building a Monthly Dividend Portfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Diversification of a portfolio of dividend stocks paid monthly involves the following steps:<\/p>\n\n\n\n<ol>\n<li>Sector allocation. Investors should utilize all available sectors rather than focusing on just 1-2 of the most profitable ones.<\/li>\n\n\n\n<li>Risk management through less lucrative but more reliable payers. Among monthly dividend REITs, there are issuers that provide yields over 20%. However, such investments are extremely risky. They need to be balanced with reliable assets that offer predictable income.<\/li>\n\n\n\n<li>Adding not only U.S. securities to the portfolio but also stocks from companies in other countries.&nbsp;<\/li>\n<\/ol>\n\n\n\n<p>While income planning from dividend stocks that paid monthly, it is advisable to consider not only the frequency of payments. Attention should also be paid to the quality of the business, financial stability, and the sustainability of dividends.<\/p>\n\n\n\n<p>Financial advisors also recommend not limiting oneself to a monthly dividend company. Adding issuers that adhere to a quarterly payment scheduling can enhance diversification. This significantly increases the number of available sectors and reliable payers.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Considerations_for_Monthly_Dividend_Investors\"><\/span>Tax Considerations for Monthly Dividend Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Dividend stocks with monthly payments have drawbacks. First, owning them generates taxable income each month, complicating tax reporting.<\/p>\n\n\n\n<p>Second, most companies with monthly dividends have a number of tax peculiarities. For example:<\/p>\n\n\n\n<ol>\n<li>Payments from monthly dividend REITs typically cannot be classified as qualified dividends. In some cases, this also applies to dividends from BDCs, meaning that net investment income may turn out to be lower than expected.<\/li>\n\n\n\n<li>Distributions from royalty trusts are often considered a return of capital. They do not require tax payment in the year received but are subsequently taxed at ordinary income rates.<\/li>\n\n\n\n<li>Distributions from Canadian and Brazilian monthly dividend companies involve foreign withholding taxes.<\/li>\n<\/ol>\n\n\n\n<p>To ensure tax efficiency, special accounts with benefits, such as IRAs, can be used. This is advisable when purchasing REITs with monthly dividends. However, this solution is not suitable for companies that engage in return of capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Pitfalls_to_Avoid_with_Monthly_Dividend_Stocks\"><\/span>Common Pitfalls to Avoid with Monthly Dividend Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors in monthly dividend stocks face several pitfalls:<\/p>\n\n\n\n<ol>\n<li>Yield traps. These are companies that show high dividend yields as a result of a sharp decline in market price. In this case, there is a risk of dividend cuts and further capitalization decline.<\/li>\n\n\n\n<li>Liquidity risks. Many monthly dividend companies are only available on the over-the-counter market or have extremely low trading volumes on exchanges. This leads to the investor being unable to sell the asset quickly.&nbsp;<\/li>\n\n\n\n<li>Sector concentration. The list of stocks that pay monthly dividends includes securities from a small number of sectors. Limiting oneself to these can negatively impact diversification.<\/li>\n<\/ol>\n\n\n\n<p>When selecting dividend stocks that pay monthly, it is essential to pay attention to the quality of the business, payout sustainability, and any signals of potential dividend cuts in the future. Such signals may include rising debt levels, declining operational metrics, and increasing payout ratios.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monthly_vs_Quarterly_Dividends_The_Mathematical_Impact\"><\/span>Monthly vs. Quarterly Dividends: The Mathematical Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mathematical comparison shows that reinvestment frequency has a moderate impact on overall returns. For example:<\/p>\n\n\n\n<ul>\n<li>initial capital &#8211; $10,000;<\/li>\n\n\n\n<li>average annual return &#8211; 8%;<\/li>\n\n\n\n<li>investment period &#8211; 20 years.<\/li>\n<\/ul>\n\n\n\n<p>In this case, with a reinvestment period of 1 month, the final amount will be $49,268. With a reinvestment period of 1 quarter, it will be $48,754. However, the longer the investment period, the more noticeable the difference in returns becomes. Over a 30-year horizon, the compounding advantage of monthly reinvestment exceeds $1,700.<\/p>\n\n\n\n<p>Another factor that can enhance long-term returns is dollar-cost averaging. The more volatile the market, the more beneficial high reinvestment frequency becomes. Monthly account contributions nearly negate the impact of timing on purchases.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Outlook_for_Monthly_Dividend_Stocks\"><\/span>Future Outlook for Monthly Dividend Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Monthly dividend stocks are considered to be more lucrative. However, they are also affected by external factors. When selecting companies for a portfolio, investors need to consider:<\/p>\n\n\n\n<ul>\n<li>industry trends;<\/li>\n\n\n\n<li>interest rate impacts;<\/li>\n\n\n\n<li>potential regulatory changes.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>For example, companies earning from oil and gas royalties may face challenges due to the growing interest in green energy. Meanwhile, most REITs may be impacted by the popularity of remote work and e-commerce.<\/p>\n\n\n\n<p>Mortgage REITs benefit during periods when interest rates fall. They borrow capital at lower rates while continuing to receive payments on long-term obligations.<\/p>\n\n\n\n<p>Companies that capitalize on current trends may demonstrate distribution growth in the distant future. For example, monthly dividend REITs that operate in the senior care sector, as well as BDCs that own stakes in companies involved in new technologies and life sciences.<\/p>\n\n\n\n<p>However, it is not enough to look at the industry as a whole; it is essential to consider the fundamental metrics and competitive positioning of individual businesses. It is also helpful to pay attention to the potential emerging of new monthly payers.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts_Building_a_Balanced_Income_Portfolio\"><\/span>Final Thoughts: Building a Balanced Income Portfolio<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Monthly dividend stocks simplify the income and expense matching. They also provide a psychological advantage. However, when it comes to passive income and financial freedom, the dividend durability is more important.<\/p>\n\n\n\n<p>Therefore, experts recommend purchasing monthly dividend companies based on their track record of rewarding shareholders and financial metrics, rather than payment timing. In our list, there is a minimum number of monthly dividend stocks to hold forever in a conservative portfolio. Most companies have repeatedly cut their payouts throughout their history.<\/p>\n\n\n\n<p>To find high-quality monthly payers, one should consider the payout ratio, the duration of dividend growth streaks, and financial performance. Chasing high-yield assets can lead to capital loss.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQ\"><\/span>FAQ&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\">What is the best monthly dividend stock?<\/h4>\n\n\n\n<p>The highest monthly dividend stocks can be considered Realty Income and LTC Properties. They have the longest track record of continuous shareholder reward growth, with both companies paying dividends every month for over 20 years.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">How to make $1000 a month in dividends?<\/h4>\n\n\n\n<p>This depends on the average yield of the dividend stock portfolio. For example, at a 6% annual rate, you would need to invest $200,000 in stocks.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Which shares pay dividends monthly?<\/h4>\n\n\n\n<p>Among stocks with dividends that are paid monthly, monthly dividend REITs, BDCs, and companies that earn from royalties dominate.&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Are monthly dividends worth it?<\/h4>\n\n\n\n<p>Regular income in the form of dividends paid monthly increases the effective interest rate of the portfolio through more frequent reinvestment. Such stocks are interesting from the perspective of dollar-cost averaging. However, this impact is relatively moderate. Therefore, companies with reliable metrics are preferred over those with frequent payouts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Article_Sources\"><\/span>Article Sources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol>\n<li><a href=\"https:\/\/www.dividend.com\/monthly-income-from-monthly-dividend-stocks-etfs-and-funds\/\">Monthly Dividend Stocks, ETFs, Funds<\/a>.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/stockanalysis.com\/list\/monthly-dividend-stocks\/\">Stocks That Pay Monthly Dividends<\/a>.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.suredividend.com\/monthly-dividend-stocks\/\">2025 Monthly Dividend Stocks List<\/a>.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"You_Might_Also_Like\"><\/span>You Might Also Like<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/beatmarket.com\/blog\/what-is-dividend-yield\/\">What Is Dividend Yield?<\/a> A Complete Guide to Calculation and Interpretation<\/li>\n\n\n\n<li><a href=\"https:\/\/beatmarket.com\/blog\/what-is-dividend-yield\/\">How to Calculate Dividend Yield<\/a>: A Step-by-Step Approach for Investors<\/li>\n\n\n\n<li><a href=\"https:\/\/beatmarket.com\/blog\/what-is-dividend-yield\/\">What Is a Dividend Yield?<\/a> Understanding This Key Investment Metric<\/li>\n<\/ul>\n\n<div class=\"fpm_end\"><\/div>","protected":false},"excerpt":{"rendered":"<p><a href=\"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/\" class=\"wp-block-post-excerpt__excerpt\">Discover the best monthly dividend stocks of 2025, including REITs. Compare 75 stocks that pay monthly dividends, analyze yields, and download our complete ranking spreadsheet. \ud83d\udcb0<br \/>\n<\/a><\/p>\n","protected":false},"author":1,"featured_media":2818,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[25,9,18,26,19,8,7,27,23],"tags":[32],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REITs That Pay Monthly Dividends 2025: Best 75 Ranked by Yield | BeatMarket<\/title>\n<meta name=\"description\" content=\"Discover the best monthly dividend stocks of 2025, including REITs. 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Compare 75 stocks that pay monthly dividends, analyze yields, and download our complete ranking spreadsheet. \ud83d\udcb0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/","og_locale":"en_US","og_type":"article","og_title":"REITs That Pay Monthly Dividends 2025: Best 75 Ranked by Yield | BeatMarket","og_description":"Discover the best monthly dividend stocks of 2025, including REITs. Compare 75 stocks that pay monthly dividends, analyze yields, and download our complete ranking spreadsheet. \ud83d\udcb0","og_url":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/","og_site_name":"Beatmarket Blog","article_published_time":"2025-06-09T12:16:27+00:00","article_modified_time":"2025-06-20T14:29:26+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/beatmarket.com\/blog\/wp-content\/uploads\/2025\/04\/6306790.png","type":"image\/png"}],"author":"CEO BeatMarket","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CEO BeatMarket","Est. reading time":"46 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/","url":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/","name":"REITs That Pay Monthly Dividends 2025: Best 75 Ranked by Yield | BeatMarket","isPartOf":{"@id":"https:\/\/beatmarket.com\/blog\/#website"},"datePublished":"2025-06-09T12:16:27+00:00","dateModified":"2025-06-20T14:29:26+00:00","author":{"@id":"https:\/\/beatmarket.com\/blog\/#\/schema\/person\/bc0e7ca6eb01313260aba2b3843c0caa"},"description":"Discover the best monthly dividend stocks of 2025, including REITs. Compare 75 stocks that pay monthly dividends, analyze yields, and download our complete ranking spreadsheet. \ud83d\udcb0","breadcrumb":{"@id":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/beatmarket.com\/blog\/monthly-dividend-stocks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"BeatMarket","item":"https:\/\/beatmarket.com"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/beatmarket.com\/blog\/"},{"@type":"ListItem","position":3,"name":"2025 Monthly Dividend Stocks List: All 76 Ranked and Analyzedhighthight"}]},{"@type":"WebSite","@id":"https:\/\/beatmarket.com\/blog\/#website","url":"https:\/\/beatmarket.com\/blog\/","name":"Beatmarket Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/beatmarket.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/beatmarket.com\/blog\/#\/schema\/person\/bc0e7ca6eb01313260aba2b3843c0caa","name":"CEO BeatMarket","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/beatmarket.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b0eb19c196c9dacd545533e150aeefe6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b0eb19c196c9dacd545533e150aeefe6?s=96&d=mm&r=g","caption":"CEO BeatMarket"},"description":"Hello, my name is Max and I am the founder of BeatMarket. Let me tell you a few words about our philosophy. BeatMarket is a safe space for long-term investors who want to develop healthy investing habits. BeatMarket is created for people who ignore trades of the day, most active stocks signals, and speculation trading courses. Beginner investors will find a special set of BeatMarket tools that helps avoid common mistakes at the start of their investment journey. The platform makes stock research and portfolio Welcome to the community of professionals! Yours sincerely, CEO BeatMarket, investor, entrepreneur, Max Dividends About the Author Max Dividends Seasoned entrepreneur, dedicated father of three, and private investor specializing in high-yield dividend growth stocks.\u200b Professional Background \u2022 Entrepreneurial Ventures: Founded and managed over 10 successful businesses across IT, media, and retail sectors.\u200b \u2022 Investment Experience: Over 15 years of experience in investments, with a portfolio surpassing $1.5 million.\u200b Investment Journey \u2022 From Risk to Reliability: Max started his investing career more than 15 years ago like many\u2014chasing high returns through risky bets, speculative plays, and market timing. After hard-earned lessons and financial losses, he pivoted to a long-term strategy grounded in fundamentals, discipline, and compounding. \u2022 Current Portfolios: Today, Max manages several well-diversified dividend portfolios across U.S. and international markets, focused on high-yield stocks with a track record of annual dividend growth. His primary portfolio is valued at over $1.5 million and generates five figures in annual passive income. \u2022 Dividend-First Strategy: Max\u2019s core focus is building sustainable income through quality businesses\u2014think wide moats, strong free cash flow, and shareholder-friendly management. He follows strict rules around payout ratios, dividend consistency, and sector diversification. \u2022 Personal Milestones: - Fully living off dividends since his early 40s - Reinvests 100% of excess cash flow - Built an \u201cInflation-Proof Income Engine\u201d to withstand economic cycles \u2022 Goals: Max is on a mission to reach complete financial independence and retire before age 50. His broader goal? Help thousands of other investors achieve the same through no-BS education and timeless dividend principles. MaxDividends Strategy \u2022 Objective: To build a reliable passive income stream through strategic dividend investments, aiming for financial independence and early retirement.\u200b \u2022 Achievements: Began living off dividends by age 40, with plans to retire before 50.\u200b Publications \u2022 \ud83d\udcd8 I Love Dividends Why dividend investing isn\u2019t just smart \u2014 it\u2019s addictive. \u2022 \ud83d\udcd7 The 5 Rules of Timeless Dividend Investing A practical, no-fluff guide to building long-term wealth through dividends. \u2022 \ud83d\udcf0 MaxDividends on Substack Max's flagship publication where he shares deep dives, monthly income reports, and stock breakdowns. Read by thousands of serious dividend investors around the world.","sameAs":["http:\/\/91.232.105.158:8000"],"url":"https:\/\/beatmarket.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2817"}],"collection":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/comments?post=2817"}],"version-history":[{"count":4,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2817\/revisions"}],"predecessor-version":[{"id":2969,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/posts\/2817\/revisions\/2969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/media\/2818"}],"wp:attachment":[{"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/media?parent=2817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/categories?post=2817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beatmarket.com\/blog\/wp-json\/wp\/v2\/tags?post=2817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}