Cheap Monthly Dividend Paying Stocks

Symbol Mkt Cap Yield
cbdMD Inc. 8.0% Series A Cumulative Convertible Preferred Stock
YCBD.PRA
CDx3 Ranked Monthly Dividend Paying Stock 342500116.85%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares
FBIOP
CDx3 Ranked Monthly Dividend Paying Stock 17.62M45.60%
Soluna Holdings Inc 9.0% Series A Cumulative Perpetual Preferred Stock
SLNHP
CDx3 Ranked Monthly Dividend Paying Stock 4.13M39.20%
LuxUrban Hotels Inc 13.00% Series A Cumulative Redeemable Preferred Stock
LUXHP
CDx3 Ranked Monthly Dividend Paying Stock 3.86M23.60%
CareCloud Inc. 11.00% Series A Cumul Red Perp Preferred Stk
CCLDP
CDx3 Ranked Monthly Dividend Paying Stock 52.93M23.51%
FAT Brands Inc. 8.25% Series B Cumulative Preferred Stock
FATBP
CDx3 Ranked Monthly Dividend Paying Stock 6.81M21.28%
Blackrock Capital Allocation Term Trustha
BCAT
1.77B20.91%
CareCloud Inc 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock
CCLDO
CDx3 Ranked Monthly Dividend Paying Stock 11.80M18.54%
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock
SQFTP
CDx3 Ranked Monthly Dividend Paying Stock 10.00M16.40%
Prospect Capital Corporation
PSEC
2.20B14.17%
Aberdeen Global Income Fund
FCO
75.50M13.95%
Guggenheim Strategic Opportunities Fund
GOF
2.15B13.75%
Alpine Global Dynamic Dividend Fund
AGD
261.58M13.69%
Alpine Total Dynamic Dividend Fund
AOD
949.93M13.32%
Western Asset High Income Fund II
HIX
402.37M13.16%
Neuberger High Yield Strategies Fund
NHS
230.55M13.04%
PIMCO Dynamic Income Fund
PDI
5.31B12.84%
Advent Claymore Convertible Securities and Income Fund
AVK
398.26M12.22%
Western Asset Global High Income Fund
EHI
157.98M12.08%
PCM Fund Incorporated
PCM
96.21M11.98%
CBRE Clarion Global Real Estate Income Fund
IGR
845.71M11.92%
Western Asset Global Corporate Defined Opportunity Fund
GDO
185.67M11.79%
Gabelli Utility Trust
GUT
385.99M11.54%
Western Asset Diversified Income Fundhare
WDI
807.38M11.43%
Alpine Global Premier Properties Fund
AWP
368.11M11.14%
PIMCO Dynamic Income Opportunities Fundha
PDO
1.59B10.97%
Abrdn World Healthcare Fund
THW
494.89M10.82%
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
307.24M10.73%
ING Global Equity Dividend and Premium Opportunity Fund
IGD
444.32M10.72%
Pennantpark Floating Rate Capital
PFLT
857.55M10.53%
Invesco Van Kampen High Income Trust II
VLT
74.86M10.04%
Graniteshares Hips US High Income Etf
HIPS
93.38M10.02%
Virtus Diversified Income & Convertible Fund Commo
ACV
224.51M9.97%
Prudential Global Short Duration High Yield Fund
GHY
518.75M9.94%
BlackRock Multi-Sector Income Trust
BIT
564.75M9.92%
Calamos Convertible and High Income Fund
CHY
899.66M9.77%
Abrdn Healthcare Opportunities Fund
THQ
922.24M9.69%
PIMCO Corporate Income Fund
PCN
762.78M9.63%
Calamos Convertible Opportunities and Income Fund
CHI
851.80M9.49%
BlackRock Limited Duration Income Trust
BLW
515.67M9.41%
BlackRock Corporate High Yield Fund VI
HYT
1.43B9.36%
Western Asset High Yield Defined Opportunity Fund
HYI
279.18M9.25%
Neuberger Berman Next Generation Connectivity Fund
NBXG
1.03B9.20%
Prudential Short Duration High Yield Fund
ISD
461.08M9.08%
Calamos Dynamic Convertible & Income Fund - Closed
CCD
631.71M9.07%
BlackRock Credit Allocation Income Trust
BTZ
1.04B9.05%
Guggenheim Build America Bonds Managed Duration Trust
GBAB
404.78M8.98%
Credit Suisse Asset Management Income Fund
CIK
162.99M8.79%
Eagle Point Credit Company Inc 6.75% Series D Preferred Stock
ECC.PRD
CDx3 Ranked Monthly Dividend Paying Stock 21.23M8.69%
Carlyle Credit Income Fund 8.75% Series A Term Preferred Shares Due 2028
CCIA
CDx3 Ranked Monthly Dividend Paying Stock 53.89M8.44%
DNP Select Income Fun
DNP
3.41B8.12%
Eagle Point Credit Company Inc 8.00% Series F Term Preferred Stock Due 2029
ECCF
CDx3 Ranked Monthly Dividend Paying Stock 51.26M8.07%
Eagle Point Income Company Inc 8.00% Series C Term Preferred Stock Due 2029
EICC
CDx3 Ranked Monthly Dividend Paying Stock NA8.00%
Cohen & Steers Closed-End Opportunity Fund
FOF
361.41M7.96%
Eaton Vance Enhanced Equity Income Fund
EOI
814.17M7.95%
Virtus Artificial Intelligence & Technology Opport
AIO
777.14M7.95%
John Hancock Preferred Income Fund II
HPF
402.11M7.93%
John Hancock Preferred Income Fund III
HPS
538.56M7.82%
John Hancock Preferred Income Fund
HPI
502.92M7.82%
Pgim Short Duration High Yield Opportunities Fund
SDHY
409.33M7.81%
Eagle Point Income Company Inc 7.75% Series B Term Preferred Stock Due 2028
EICB
CDx3 Ranked Monthly Dividend Paying Stock 38.47M7.79%
Pyxis Tankers Inc 7.75% Series A Cumulative Convertible Preferred Shares
PXSAP
CDx3 Ranked Monthly Dividend Paying Stock 10.48M7.77%
BlackRock Core Bond Trust
BHK
633.01M7.64%
Cohen & Steers Tax-advantaged Preferred Securities
PTA
1.17B7.62%
Western Asset Premier Bond Fund
WEA
132.89M7.50%
Cohen & Steers Total Return Realty Fund
RFI
341.99M7.45%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock
ARR.PRC
CDx3 Ranked Monthly Dividend Paying Stock 136.19M7.43%
Gabelli Global Utility & Income Trust
GLU
96.99M7.38%
Cohen & Steers Infrastructure Fund
UTF
2.43B7.37%
Oxford Lane Capital Corp 7.125% Term Preferred Stock
OXLCN
CDx3 Ranked Monthly Dividend Paying Stock 58.44M7.32%
Thornburg Income Builder Opportunities Trust - Clo
TBLD
551.65M7.27%
Reaves Utility Income Fund
UTG
2.50B7.22%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock
GOODN
CDx3 Ranked Monthly Dividend Paying Stock 63.74M7.17%
BlackRock International Growth and Income Trust
BGY
580.45M7.12%
AllianceBernstein Global High Income Fund
AWF
958.01M7.07%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock
GOODO
CDx3 Ranked Monthly Dividend Paying Stock 85.40M7.03%
Cohen & Steers Quality Income Realty Fund
RQI
1.84B7.02%
Gladstone Investment Corporation - Business Develo
GAIN
501.90M7.02%
Cohen & Steers REIT and Preferred Income Fund
RNP
1.11B7.00%
Calamos Strategic Total Return Fund
CSQ
2.73B6.98%
Gladstone Land Corp 6.00% Series C Cumulative Redeemable Preferred Stock
LANDP
CDx3 Ranked Monthly Dividend Paying Stock 218.97M6.96%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031
ECCC
CDx3 Ranked Monthly Dividend Paying Stock 50.77M6.95%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp.
GJT
CDx3 Ranked Monthly Dividend Paying Stock 32.12M6.75%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock
LANDO
CDx3 Ranked Monthly Dividend Paying Stock 133.71M6.68%
BlackRock Global Opportunities Equity Trust
BOE
711.45M6.64%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares
OXLCO
CDx3 Ranked Monthly Dividend Paying Stock 54.77M6.57%
Oxford Lane Capital Corp. 6.25% Cumulative Series 2027 Term Preferred Shares
OXLCP
CDx3 Ranked Monthly Dividend Paying Stock 84.19M6.50%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group
GJS
CDx3 Ranked Monthly Dividend Paying Stock 30.27M6.44%
LTC Properties Inc.
LTC
1.55B6.41%
OFS Credit Company Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026
OCCIO
CDx3 Ranked Monthly Dividend Paying Stock 19.83M6.18%
BlackRock Health Sciences Trust
BME
583.97M6.10%
BlackRock Utility and Infrastructure Trust
BUI
534.29M6.09%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities
BPOPM
CDx3 Ranked Monthly Dividend Paying Stock 134.42M5.92%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc.
GJP
CDx3 Ranked Monthly Dividend Paying Stock 9.64M5.84%
Main Street Capital Corporation
MAIN
4.46B5.74%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores
GJO
CDx3 Ranked Monthly Dividend Paying Stock 13.91M5.73%
OFS Credit Company Inc 5.25% Series E Term Preferred Stock Due 2026
OCCIN
CDx3 Ranked Monthly Dividend Paying Stock 33.25M5.53%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble
GJR
CDx3 Ranked Monthly Dividend Paying Stock 32.82M5.43%
Gabelli Dividend & Income Trust
GDV
2.22B5.36%
Eagle Point Income Company Inc 5.00% Series A Term Preferred Stock Due 2026
EICA
CDx3 Ranked Monthly Dividend Paying Stock 36.23M5.25%
Realty Income Corp
O
Monthly Dividend Paying Aristocrat 53.78B5.12%
Gladstone Land Corp 5.00% Series D Cumulative Term Preferred Stock Due 1/31/2026
LANDM
CDx3 Ranked Monthly Dividend Paying Stock 59.01M5.12%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock
ADC.PRA
CDx3 Ranked Monthly Dividend Paying Stock 148.05M5.02%
BlackRock Enhanced Government Fund
EGF
39.34M4.92%
Nuveen Select Tax-Free Income Portfolio
NXP
698.96M4.18%
Gladstone Land Corp
LAND
484.18M4.15%
STAG Industrial Inc
STAG
6.78B3.98%
SP Funds Standard and Poors Global Reit Sharia Etf
SPRE
150.98M3.77%
US Global Investors Inc
GROW
28.10M3.72%
First Trust New York Municipal High Income Etf
FMNY
19.01M3.54%
Phillips Edison & Co Inc
PECO
4.44B3.40%
Global Water Resources Inc
GWRS
295.21M2.47%
The word "cheap" may mean different things to different investors: to some, it might mean the stock price itself is below a certain threshold per-share price mark, e.g. monthly dividend paying stocks under 10 dollars (or under 5 dollars etc.). To others, "cheap" might mean the valuation is attractive — while a stock with a price of, say, $1,000 per share might look "expensive" relative to a stock at $10 per share, what if the $1000/share stock is paying a monthly dividend that annualizes to $100/year? All of a sudden, that $1000 stock looks cheap on a yield basis, with a whopping 10% yield! On the other hand, if that same stock carried a $200 dividend the year before — i.e. the dividend rate has been shrinking — then all of a sudden that 10% yield might not seem so cheap anymore if dividend cuts are expected to continue into the future.

On this page, we have screened through our full coverage universe of monthly dividend paying stocks, and then discarded any where the dividend rate had been lowered any time over the past five years. This screen then leaves us with "steady" (or growing) monthly dividend paying stocks. We then ranked the resulting list by dividend yield, showing you lots of candidates for cheap monthly dividend paying stocks to research further (click through on any symbol, as each stock has its own individual page with further details, including a neat chart comparing the growth of the dividend rate over time versus the growth of the stock price).

Monthly Dividend Paying Stocks List
Safest Monthly Dividend Paying Stocks
Cheap Monthly Dividend Paying Stocks
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High Yield Monthly Dividend Paying Stocks
Realty Income: Monthly Dividend Paying REIT
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