What are the highest paying monthly dividend stocks?

The table above ranks every US-listed monthly payer by trailing twelve-month yield, updated daily. The top of the list is dominated by closed-end credit funds and business development companies, which pay monthly because their own cash flows — interest and rent — arrive monthly. Realty Income is the best-known monthly-paying REIT and sits considerably lower on yield than those funds.

How many stocks pay dividends monthly?

Just over 1,300 US-listed securities currently distribute monthly, against roughly 2,900 paying quarterly. Monthly payers are concentrated in REITs, business development companies and closed-end funds rather than ordinary operating companies, almost none of which pay monthly.

Are monthly dividends better than quarterly?

For income being spent, monthly payments match monthly expenses and remove the need to manage cash between quarterly payments. For income being reinvested, the compounding advantage over quarterly is real but small. The more important consideration is what you are buying: monthly payers carry more interest-rate and credit sensitivity than the broad market because of the structures involved. Holding three quarterly payers on different schedules also produces income every month, from a far wider selection of companies.

Monthly Dividend Stocks

Every US-listed stock that pays a dividend every month, ranked by yield. The highest paying monthly dividend stocks, with payout ratio, market cap and payment history.

100 companiesData as of August 11, 2026

Top 10 Monthly Dividend Stocks

1.IMRABitwise MARA Option Income Strategy ETF92.02%
2.IGMEBitwise GME Option Income Strategy ETF77.03%
3.SLVOUBS ETRACS Silver Shares Covered Call ETN55.32%
4.OXLCOxford Lane Capital Corp.39.52%
5.BITOProShares Bitcoin ETF38.15%
6.EGGYNestYield Dynamic Income ETF33.82%
7.ECCEagle Point Credit Company Inc.33.29%
8.USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 203729.53%
9.OXSQOxford Square Capital Corp.28.77%
10.KLIPKraneShares KWEB Covered Call Strategy ETF28.58%

Monthly Dividend Stocks, ranked. Column headers sort the table.
Rank#
1	IMRABitwise MARA Option Income Strategy ETF	$14.59	92.02%	$13.4252	0.00	0	$730M
2	IGMEBitwise GME Option Income Strategy ETF	$22.82	77.03%	$17.5792	—	0	$2.1M
3	SLVOUBS ETRACS Silver Shares Covered Call ETN	$68.67	55.32%	$37.9889	—	2	$213M
4	OXLCOxford Lane Capital Corp.	$9.24	39.52%	$3.6500	-0.77	4	$901M
5	BITOProShares Bitcoin ETF	$8.69	38.15%	$3.3152	—	0	$1.8B
6	EGGYNestYield Dynamic Income ETF	$33.63	33.82%	$11.3725	—	0	$29.4M
7	ECCEagle Point Credit Company Inc.	$3.85	33.29%	$1.2800	-1.13	0	$508M
8	USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	$45.58	29.53%	$13.4577	—	0	$320M
9	OXSQOxford Square Capital Corp.	$1.46	28.77%	$0.4200	-0.91	0	$153M
10	KLIPKraneShares KWEB Covered Call Strategy ETF	$24.39	28.58%	$6.9685	—	0	$100.0M
11	SPMCSound Point Meridian Capital Inc	$10.76	26.02%	$2.8000	-165.98	1	$221M
12	DFIIFT Vest Bitcoin Strategy & Target Income ETF	$11.83	25.52%	$3.0190	—	0	$8.1M
13	GLDIUBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	$148.34	24.90%	$36.9390	—	2	$172M
14	BETHProShares - Bitcoin & Ether Market Cap Weight ETF	$35.50	24.07%	$8.5432	—	2	$9.9M
15	PSECProspect Capital Corporation	$2.28	22.42%	$0.5100	-8.66	0	$1.1B
16	EARNEllington Credit Company	$4.34	22.12%	$0.9600	-0.44	0	$163M
17	SVOLSimplify Volatility Premium ETF	$16.16	21.66%	$3.5000	—	0	$554M
18	ECATBlackRock ESG Capital Allocation Trust	$15.84	21.10%	$3.3426	1.63	4	$1.6B
19	ORCOrchid Island Capital, Inc.	$6.45	21.08%	$1.3600	0.70	0	$1.1B
20	GGTGabelli Multimedia Trust Inc.	$4.22	20.88%	$0.8800	0.00	0	$176M
21	MVRLETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	$13.05	20.73%	$2.7058	—	0	$13.3M
22	GOFGuggenheim Strategic Opportunities Fund	$10.64	20.54%	$2.1852	1.73	0	$2.3B
23	SPYTDefiance S&P 500 Target Income ETF	$17.58	20.52%	$3.6069	—	1	$156M
24	QQQTNASDAQ 100 Income Target ETF	$18.14	20.11%	$3.6462	—	1	$30.5M
25	XVSimplify Target 15 Distribution ETF	$24.86	19.94%	$4.9582	—	0	$66.9M
26	SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B	$3.97	19.68%	$0.7814	—	0	$21.4M
27	BCATBlackRock Capital Allocation Trust	$16.09	19.56%	$3.1469	1.27	3	$1.7B
28	CRFCornerstone Total Return Fund, Inc.	$7.22	19.50%	$1.4072	0.00	1	$854M
29	CLMCornerstone Strategic Value Fund, Inc.	$7.54	19.41%	$1.4625	0.00	1	$2.1B
30	CIONCION Investment Corporation	$7.51	18.91%	$1.4200	5.20	2	$374M
31	XPAYRoundhill Investments - S&P 500 Target 20 Managed Distribution ETF	$54.39	18.59%	$10.1082	—	1	$97.9M
32	EGGSNestYield Total Return Guard ETF	$37.58	18.51%	$6.9561	—	0	$25.1M
33	XFLTXAI Octagon Floating Rate & Alternative Income Term Trust	$19.23	18.46%	$3.5500	-1.09	0	$293M
34	ACPAbrdn Income Credit Strategies Fund	$5.06	18.38%	$0.9300	1.46	0	$635M
35	NHSNeuberger High Yield Strategies Fund Inc.	$6.09	17.83%	$1.0860	1.60	0	$191M
36	ARRARMOUR Residential REIT, Inc.	$16.44	17.52%	$2.8800	0.76	0	$1.9B
37	XLEIState Street Energy Select Sector SPDR Premium Income ETF	$26.96	17.29%	$4.6604	—	0	$33.2M
38	PNNTPennantPark Investment Corporation	$3.73	17.18%	$0.6400	4.54	4	$243M
39	SCMStellus Capital Investment Corporation	$8.40	17.02%	$1.4296	1.88	0	$243M
40	YGLDSimplify Gold Strategy PLUS Income ETF	$35.33	17.01%	$6.0100	—	0	$38.9M
41	XLKIState Street Technology Select Sector SPDR Premium Income ETF	$26.75	16.58%	$4.4357	—	0	$9.6M
42	KQQQKurv Technology Titans Select ETF	$29.50	15.56%	$4.5900	—	1	$25.4M
43	IGRCBRE Global Real Estate Income Fund	$4.67	15.43%	$0.7200	-63.62	0	$706M
44	FSCOFS Credit Opportunities Corp.	$5.01	15.31%	$0.7661	1.05	3	$1.0B
45	BRWSaba Capital Income & Opportunities Fund	$6.69	15.26%	$1.0200	1.48	1	$284M
46	OMAHVistaShares Target 15 Berkshire Select Income ETF	$18.62	15.16%	$2.8223	—	0	$466M
47	PFLTPennantPark Floating Rate Capital Ltd.	$7.33	15.13%	$1.1083	3.57	0	$727M
48	QUSAVistaShares Target 15 USA Quality Income ETF	$18.48	15.07%	$2.7850	—	0	$19.8M
49	PDIPIMCO Dynamic Income Fund	$16.15	15.02%	$2.4255	1.10	0	$7.5B
50	HIXWestern Asset High Income Fund II Inc	$3.95	14.89%	$0.5880	1.25	0	$356M
51	CEFDETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	$18.90	14.78%	$2.7926	—	1	$7.8M
52	DXDynex Capital, Inc.	$12.70	14.72%	$1.8700	0.84	1	$3.1B
53	OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	$7.68	14.48%	$1.1120	1.25	0	$183M
54	VVRInvesco Senior Income Trust	$2.97	14.47%	$0.4290	3.67	0	$456M
55	EHIWestern Asset Global High Income Fund Inc.	$5.89	14.26%	$0.8400	1.27	2	$178M
56	DMOWestern Asset Mortgage Opportunity Fund Inc	$10.55	14.03%	$1.4800	1.28	3	$121M
57	EICEagle Point Income Company Inc.	$10.00	14.00%	$1.4000	-3.07	0	$234M
58	KBWDInvesco KBW High Dividend Yield Financial ETF	$12.47	13.95%	$1.7391	—	0	$440M
59	MLPDGlobal X - MLP & Energy Infrastructure Covered Call ETF	$24.49	13.88%	$3.3980	—	1	$9.8M
60	HGLBHighland Global Allocation Fund	$7.49	13.82%	$1.0350	0.31	1	$177M
61	QQQINEOS Nasdaq-100 High Income ETF	$55.26	13.80%	$7.6250	—	1	$5.2B
62	FAXAbrdn Asia-Pacific Income Fund Inc	$14.51	13.65%	$1.9800	1.95	0	$599M
63	XLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$23.11	13.63%	$3.1503	—	0	$1.8M
64	FRABlackRock Floating Rate Income Strategies Fund, Inc.	$10.92	13.62%	$1.4861	2.05	0	$387M
65	AGNCAGNC Investment Corp.	$10.70	13.46%	$1.4400	0.79	0	$12.3B
66	RIVRiverNorth Opportunities Fund, Inc.	$11.59	13.37%	$1.5493	0.35	0	$251M
67	BGTBlackRock Floating Rate Income Trust	$10.97	13.16%	$1.4434	2.03	0	$327M
68	JQCNuveen Credit Strategies Income Fund	$4.83	12.96%	$0.6255	1.94	3	$713M
69	XLBIState Street Materials Select Sector SPDR Premium Income ETF	$24.39	12.91%	$3.1484	—	0	$6.8M
70	CAIECalamos Autocallable Income ETF	$27.37	12.85%	$3.5170	—	0	$258M
71	PFFLETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN	$7.45	12.82%	$0.9553	—	0	$4.5M
72	SARSaratoga Investment Corp.	$19.60	12.76%	$2.5000	2.77	1	$320M
73	MCNXAI Madison Equity Premium Income Fund	$5.65	12.74%	$0.7200	0.00	0	$119M
74	FTFFranklin Limited Duration Income Trust	$5.80	12.72%	$0.7380	1.44	0	$234M
75	JFRNuveen Floating Rate Income Fund	$7.78	12.66%	$0.9850	2.02	5	$1.3B
76	NRONeuberger Real Estate Securities Income Fund Inc	$2.97	12.63%	$0.3744	1.00	2	$188M
77	YYYAmplify CEF High Income ETF	$11.43	12.60%	$1.4400	—	0	$733M
78	XLRIState Street Real Estate Select Sector SPDR Premium Income ETF	$23.41	12.59%	$2.9476	—	0	$2.1M
79	XLUIState Street Utilities Select Sector SPDR Premium Income ETF	$23.28	12.55%	$2.9221	—	0	$17.5M
80	JRINuveen Real Asset Income and Growth Fund	$12.77	12.55%	$1.6020	0.89	2	$351M
81	EDFVirtus Stone Harbor Emerging Markets Income Fund	$5.27	12.52%	$0.6600	0.77	0	$169M
82	DSUBlackRock Debt Strategies Fund, Inc.	$9.50	12.48%	$1.1848	1.39	0	$518M
83	WDIWestern Asset Diversified Income Fund	$13.14	12.43%	$1.6335	1.27	4	$682M
84	XRMIGlobal X - S&P 500 Risk Managed Income ETF	$17.38	12.41%	$2.1577	—	0	$50.1M
85	QRMIGlobal X - Nasdaq 100 Risk Managed Income ETF	$15.27	12.40%	$1.8939	—	0	$16.2M
86	SBARSimplify Barrier Income ETF	$25.78	12.34%	$3.1800	—	0	$88.6M
87	CPZCalamos Long/Short Equity & Dynamic Income Term Trust	$13.68	12.29%	$1.6800	23.14	1	$268M
88	NPCTNuveen Core Plus Impact Fund	$9.79	12.28%	$1.2030	1.50	2	$282M
89	BWGLegg Mason BW Global Income Opportunities Fund Inc.	$7.84	12.25%	$0.9600	1.17	0	$132M
90	AWPabrdn Global Premier Properties Fund	$11.79	12.21%	$1.4400	0.66	0	$361M
91	DSLDoubleLine Income Solutions Fund	$10.81	12.21%	$1.3200	3.98	1	$1.2B
92	XLIIState Street Industrial Select Sector SPDR Premium Income ETF	$26.41	12.01%	$3.1721	—	0	$7.8M
93	BITBlackRock Multi-Sector Income Trust	$12.34	12.00%	$1.4812	1.19	0	$704M
94	PCFHigh Income Securities Fund	$5.37	12.00%	$0.6445	0.00	0	$101M
95	HIOWestern Asset High Income Opportunity Fund Inc	$3.57	11.95%	$0.4260	0.00	0	$339M
96	KIOKKR Income Opportunities Fund	$11.19	11.94%	$1.3365	1.49	0	$459M
97	BIGYYieldMax Target 12 Big 50 Option Income ETF	$52.72	11.93%	$6.2881	—	0	$10.5M
98	SRVNXG Cushing Midstream Energy Fund	$46.26	11.89%	$5.5000	6.30	0	$216M
99	FBDCFT Confluence BDC & Specialty Finance Income ETF	$17.73	11.70%	$2.0750	—	0	$36.0M
100	EFCEllington Financial Inc.	$13.39	11.65%	$1.5600	0.88	0	$1.7B

About the Monthly Dividend Stocks list

Most US companies pay dividends quarterly. A small group pays every month, and for investors drawing an income from their portfolio that difference is practical rather than cosmetic: twelve payments a year line up with monthly expenses in a way that four do not, and reinvested monthly distributions compound slightly faster than quarterly ones.

The list above ranks the highest paying monthly dividend stocks by trailing twelve-month yield, so the largest current payers appear first. Sort by payout ratio or market cap to reorder it around sustainability or size instead.

The monthly payers are not a random cross-section of the market. They cluster heavily in real estate investment trusts, business development companies, and closed-end funds — structures that are required or strongly incentivised to distribute most of their income, and whose own cash flows arrive monthly in the form of rent or interest. That concentration is worth understanding before building a portfolio around it, because it means a monthly-dividend strategy tends to carry more interest-rate and credit sensitivity than the broad market.

Yields here run higher than the market average, which follows from the same structural facts. Read the payout ratio column with that in mind: for REITs in particular, payout ratios above 100% of earnings are normal rather than alarming, because depreciation charges reduce reported earnings well below the cash the business actually generates.

Methodology

Includes every US-listed security whose most recent regular dividend was classified as monthly by Financial Modeling Prep, taken from actual payment history rather than inferred from the gaps between payments. Ranked by trailing twelve-month yield. Companies that have stopped paying are excluded.

Frequently asked questions

What are the highest paying monthly dividend stocks?: The table above ranks every US-listed monthly payer by trailing twelve-month yield, updated daily. The top of the list is dominated by closed-end credit funds and business development companies, which pay monthly because their own cash flows — interest and rent — arrive monthly. Realty Income is the best-known monthly-paying REIT and sits considerably lower on yield than those funds.
How many stocks pay dividends monthly?: Just over 1,300 US-listed securities currently distribute monthly, against roughly 2,900 paying quarterly. Monthly payers are concentrated in REITs, business development companies and closed-end funds rather than ordinary operating companies, almost none of which pay monthly.
Are monthly dividends better than quarterly?: For income being spent, monthly payments match monthly expenses and remove the need to manage cash between quarterly payments. For income being reinvested, the compounding advantage over quarterly is real but small. The more important consideration is what you are buying: monthly payers carry more interest-rate and credit sensitivity than the broad market because of the structures involved. Holding three quarterly payers on different schedules also produces income every month, from a far wider selection of companies.

Top 10 Monthly Dividend Stocks

About the Monthly Dividend Stocks list

Methodology

Frequently asked questions

Related rankings