Cheap Monthly Dividend Paying Stocks

Symbol Mkt Cap Yield
Soluna Holdings Inc 9.0% Series A Cumulative Perpetual Preferred Stock
SLNHP
CDx3 Ranked Monthly Dividend Paying Stock 1.55M104.65%
FAT Brands Inc. 8.25% Series B Cumulative Preferred Stock
FATBP
CDx3 Ranked Monthly Dividend Paying Stock 2.00M72.37%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares
FBIOP
CDx3 Ranked Monthly Dividend Paying Stock 27.42M29.30%
Oxford Lane Capital Corp
OXLC
1.92B26.28%
Hyperscale Data 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
GPUS.PRD
CDx3 Ranked Monthly Dividend Paying Stock 4.14M25.41%
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock
SQFTP
CDx3 Ranked Monthly Dividend Paying Stock 9.75M16.83%
Dynex Capital Inc
DX
1.31B16.71%
AGNC Investment Corp
AGNC
9.45B15.55%
Guggenheim Strategic Opportunities Fund
GOF
1.97B15.00%
Neuberger High Yield Strategies Fund
NHS
229.72M14.37%
PIMCO Dynamic Income Fund
PDI
7.05B14.20%
CBRE Clarion Global Real Estate Income Fund
IGR
728.10M13.85%
Western Asset High Income Fund II
HIX
382.65M13.84%
Abrdn World Healthcare Fund
THW
412.05M13.54%
Nxg Nextgen Infrastructure Income Fundhar
NXG
179.40M13.29%
Aberdeen Global Income Fund
FCO
85.57M13.21%
Western Asset Global High Income Fund
EHI
146.35M13.04%
Nxg Cushing Midstream Energy Fund
SRV
180.14M12.95%
Western Asset Global Corporate Defined Opportunity Fund
GDO
173.26M12.63%
Nuveen Floating Rate Income Fund
JFR
1.10B12.38%
Alpine Global Premier Properties Fund
AWP
341.40M12.15%
PIMCO High Income Fund
PHK
814.59M12.13%
Advent Claymore Convertible Securities and Income Fund
AVK
403.10M12.07%
Western Asset Diversified Income Fundhare
WDI
767.50M12.02%
Calamos Dynamic Convertible & Income Fund - Closed
CCD
527.57M12.00%
Abrdn Healthcare Opportunities Fund
THQ
749.79M11.92%
Pennantpark Floating Rate Capital
PFLT
1.03B11.83%
PIMCO Dynamic Income Opportunities Fundha
PDO
1.70B11.51%
Calamos Convertible and High Income Fund
CHY
830.29M11.46%
CareCloud Inc 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock
CCLDO
CDx3 Ranked Monthly Dividend Paying Stock 29.02M11.39%
Calamos Convertible Opportunities and Income Fund
CHI
783.78M11.33%
Hoya Capital High Dividend Yield Etf
RIET
90.34M10.88%
Invesco Van Kampen High Income Trust II
VLT
69.33M10.84%
PIMCO Corporate Income Fund
PCN
802.92M10.76%
Nyli Cbre Global Infrastructure Megatrends Term FU
MEGI
725.54M10.76%
Gabelli Utility Trust
GUT
492.33M10.75%
Graniteshares Hips US High Income Etf
HIPS
106.96M10.61%
ING Global Equity Dividend and Premium Opportunity Fund
IGD
447.97M10.56%
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
313.33M10.53%
PIMCO Global Stocksplus & Income Fundhare
PGP
92.35M10.35%
BlackRock Multi-Sector Income Trust
BIT
542.11M10.33%
Guggenheim Build America Bonds Managed Duration Trust
GBAB
352.73M10.31%
Nuveen Mortgage Opportunity Term Fund
JLS
100.80M10.01%
Virtus Diversified Income & Convertible Fund Commo
ACV
226.89M9.87%
Virtus Infracap U.S. Preferred Stock Etf
PFFA
1.55B9.78%
BlackRock Limited Duration Income Trust
BLW
497.46M9.75%
BlackRock Corporate High Yield Fund VI
HYT
1.37B9.74%
Western Asset High Yield Defined Opportunity Fund
HYI
269.51M9.59%
Prudential Global Short Duration High Yield Fund
GHY
542.24M9.51%
John Hancock Preferred Income Fund II
HPF
336.01M9.49%
Credit Suisse Asset Management Income Fund
CIK
156.49M9.46%
BlackRock Credit Allocation Income Trust
BTZ
999.59M9.42%
John Hancock Preferred Income Fund III
HPS
449.17M9.38%
John Hancock Preferred Income Fund
HPI
420.12M9.36%
Guggenheim Active Allocation Fund
GUG
502.95M9.34%
BlackRock Core Bond Trust
BHK
520.12M9.30%
Prudential Short Duration High Yield Fund
ISD
454.37M9.22%
BlackRock International Growth and Income Trust
BGY
553.35M9.03%
Tortoise Sustainable and Social Impact Term Fund C
TEAF
161.89M9.00%
BlackRock Global Opportunities Equity Trust
BOE
630.71M8.97%
BlackRock Resources & Commodities Strategy Trust
BCX
739.70M8.84%
Eagle Point Credit Company Inc 6.75% Series D Preferred Stock
ECC.PRD
CDx3 Ranked Monthly Dividend Paying Stock 20.88M8.84%
BlackRock Health Sciences Trust
BME
472.69M8.82%
Cohen & Steers Real Estate Opportunities and Incom
RLTY
251.34M8.78%
Neuberger Berman Next Generation Connectivity Fund
NBXG
1.08B8.75%
Carlyle Credit Income Fund 8.75% Series A Term Preferred Shares Due 2028
CCIA
CDx3 Ranked Monthly Dividend Paying Stock 53.09M8.57%
Cohen & Steers Closed-End Opportunity Fund
FOF
340.17M8.49%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock
ARR.PRC
CDx3 Ranked Monthly Dividend Paying Stock 119.08M8.49%
Cohen & Steers Tax-advantaged Preferred Securities
PTA
1.08B8.24%
Modiv Industrial Inc
MDV
145.41M8.14%
Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029
EIIA
CDx3 Ranked Monthly Dividend Paying Stock 34.93M8.14%
DNP Select Income Fun
DNP
3.42B8.09%
GAMCO Global Gold Natural Resources & Income Trust
GGN
694.82M8.06%
Cohen & Steers Total Return Realty Fund
RFI
318.17M8.05%
Pearl Diver Credit Company Inc 8.00% Series A Term Preferred Stock Due 2029
PDPA
CDx3 Ranked Monthly Dividend Paying Stock 34.29M8.05%
Eagle Point Credit Company Inc 8.00% Series F Term Preferred Stock Due 2029
ECCF
CDx3 Ranked Monthly Dividend Paying Stock 61.49M8.03%
Sound Point Meridian Capital Inc 8.00% Series A Preferred Shares Due 2029
SPMA
CDx3 Ranked Monthly Dividend Paying Stock 57.44M8.01%
Eaton Vance Enhanced Equity Income Fund
EOI
817.96M8.00%
Eagle Point Income Company Inc 8.00% Series C Term Preferred Stock Due 2029
EICC
CDx3 Ranked Monthly Dividend Paying Stock 42.17M8.00%
Infracap Reit Preferred Etf
PFFR
94.12M7.96%
OFS Credit Company Inc 7.875% Series F Term Preferred Stock Due 2029
OCCIM
CDx3 Ranked Monthly Dividend Paying Stock 25.75M7.95%
Neuberger Berman Energy Infrastructure and Income
NML
500.30M7.94%
Pgim Short Duration High Yield Opportunities Fund
SDHY
405.38M7.89%
Western Asset Premier Bond Fund
WEA
127.56M7.81%
Cohen & Steers Quality Income Realty Fund
RQI
1.66B7.79%
Eagle Point Income Company Inc 7.75% Series B Term Preferred Stock Due 2028
EICB
CDx3 Ranked Monthly Dividend Paying Stock 38.99M7.78%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock
LANDO
CDx3 Ranked Monthly Dividend Paying Stock 116.32M7.68%
Gladstone Land Corp 6.00% Series C Cumulative Redeemable Preferred Stock
LANDP
CDx3 Ranked Monthly Dividend Paying Stock 198.46M7.68%
Virtus Artificial Intelligence & Technology Opport
AIO
815.60M7.58%
Cohen & Steers REIT and Preferred Income Fund
RNP
1.05B7.42%
GAMCO Natural Resources Gold & Income Trust
GNT
105.13M7.40%
Oxford Lane Capital Corp 7.125% Term Preferred Stock
OXLCN
CDx3 Ranked Monthly Dividend Paying Stock 58.10M7.36%
AllianceBernstein Global High Income Fund
AWF
933.87M7.26%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock
GOODO
CDx3 Ranked Monthly Dividend Paying Stock 82.96M7.23%
Cohen & Steers Infrastructure Fund
UTF
2.50B7.20%
Healthpeak Properties Inc
DOC
11.85B7.16%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock
GOODN
CDx3 Ranked Monthly Dividend Paying Stock 64.17M7.12%
Gabelli Global Utility & Income Trust
GLU
100.85M7.11%
Calamos Strategic Total Return Fund
CSQ
2.80B7.06%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031
ECCC
CDx3 Ranked Monthly Dividend Paying Stock 50.62M6.97%
Gladstone Investment Corporation - Business Develo
GAIN
517.93M6.83%
Gabelli Dividend & Income Trust
GDV
2.20B6.79%
Western Asset Intermediate Muni Fund
SBI
105.48M6.73%
Thornburg Income Builder Opportunities Trust - Clo
TBLD
603.46M6.65%
BlackRock Utility and Infrastructure Trust
BUI
557.00M6.65%
Reaves Utility Income Fund
UTG
3.05B6.58%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares
OXLCO
CDx3 Ranked Monthly Dividend Paying Stock 55.40M6.50%
LTC Properties Inc.
LTC
1.62B6.45%
Oxford Lane Capital Corp. 6.25% Cumulative Series 2027 Term Preferred Shares
OXLCP
CDx3 Ranked Monthly Dividend Paying Stock 85.19M6.42%
EPR Properties
EPR
4.35B6.19%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock
ADC.PRA
CDx3 Ranked Monthly Dividend Paying Stock 120.61M6.17%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities
BPOPM
CDx3 Ranked Monthly Dividend Paying Stock 129.06M6.17%
OFS Credit Company Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026
OCCIO
CDx3 Ranked Monthly Dividend Paying Stock 19.87M6.16%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group
GJS
CDx3 Ranked Monthly Dividend Paying Stock 29.76M5.87%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp.
GJT
CDx3 Ranked Monthly Dividend Paying Stock 31.37M5.69%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc.
GJP
CDx3 Ranked Monthly Dividend Paying Stock 9.44M5.67%
Realty Income Corp
O
Monthly Dividend Paying Aristocrat 52.00B5.61%
Gladstone Land Corp
LAND
365.10M5.55%
OFS Credit Company Inc 5.25% Series E Term Preferred Stock Due 2026
OCCIN
CDx3 Ranked Monthly Dividend Paying Stock 33.88M5.42%
Main Street Capital Corporation
MAIN
5.21B5.23%
Eagle Point Income Company Inc 5.00% Series A Term Preferred Stock Due 2026
EICA
CDx3 Ranked Monthly Dividend Paying Stock 36.79M5.17%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble
GJR
CDx3 Ranked Monthly Dividend Paying Stock 33.15M5.14%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores
GJO
CDx3 Ranked Monthly Dividend Paying Stock 13.96M5.09%
Gladstone Land Corp 5.00% Series D Cumulative Term Preferred Stock Due 1/31/2026
LANDM
CDx3 Ranked Monthly Dividend Paying Stock 59.76M5.05%
Nuveen Select Tax-Free Income Portfolio
NXP
654.95M4.46%
STAG Industrial Inc
STAG
6.78B4.10%
First Trust New York Municipal High Income Etf
FMNY
19.46M3.75%
US Global Investors Inc
GROW
27.31M3.72%
Phillips Edison & Co Inc
PECO
4.43B3.48%
Global Water Resources Inc
GWRS
286.59M2.91%
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
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Monthly Dividend Paying Stocks 2019
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