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 paying a dividend monthly, ranked by yield. The highest paying monthly dividend stocks, with payout ratio and market cap.

100 companiesData as of September 26, 2026

Top 10 Monthly Dividend Stocks

1.SLVOUBS ETRACS Silver Shares Covered Call ETN51.43%
2.OXLCOxford Lane Capital Corp.40.27%
3.USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 203734.86%
4.ECCEagle Point Credit Company Inc.34.29%
5.OXSQOxford Square Capital Corp.33.07%
6.SPMCSound Point Meridian Capital Inc32.26%
7.EGGYNestYield Dynamic Income ETF32.25%
8.KLIPKraneShares KWEB Covered Call Strategy ETF30.25%
9.PNNTPennantPark Investment Corporation28.92%
10.HRZNHorizon Technology Finance Corporation28.51%

Monthly Dividend Stocks, ranked. Column headers sort the table.
Rank#
1	SLVOUBS ETRACS Silver Shares Covered Call ETN	$68.02	51.43%	$34.9824	—	2	$211M
2	OXLCOxford Lane Capital Corp.	$8.94	40.27%	$3.6000	-0.77	4	$873M
3	USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	$44.46	34.86%	$15.4992	—	0	$312M
4	ECCEagle Point Credit Company Inc.	$3.50	34.29%	$1.2000	-1.10	0	$463M
5	OXSQOxford Square Capital Corp.	$1.27	33.07%	$0.4200	-0.98	0	$133M
6	SPMCSound Point Meridian Capital Inc	$8.37	32.26%	$2.7000	-165.98	1	$172M
7	EGGYNestYield Dynamic Income ETF	$35.87	32.25%	$11.5667	—	0	$31.4M
8	KLIPKraneShares KWEB Covered Call Strategy ETF	$22.42	30.25%	$6.7814	—	0	$91.9M
9	PNNTPennantPark Investment Corporation	$3.32	28.92%	$0.9600	7.22	4	$217M
10	HRZNHorizon Technology Finance Corporation	$4.63	28.51%	$1.3200	13.30	1	$232M
11	GLDIUBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	$144.49	26.43%	$38.1807	—	2	$168M
12	MVRLETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	$10.61	25.82%	$2.7400	—	0	$10.8M
13	GOFGuggenheim Strategic Opportunities Fund	$8.55	25.56%	$2.1852	1.73	0	$1.8B
14	PSECProspect Capital Corporation	$2.19	24.66%	$0.5400	2.94	0	$1.1B
15	SLJYAmplify SILJ Covered Call ETF	$29.94	24.10%	$7.2160	—	0	$64.4M
16	ECATBlackRock ESG Capital Allocation Trust	$14.07	23.47%	$3.3024	1.63	4	$1.4B
17	ORCOrchid Island Capital, Inc.	$5.71	23.47%	$1.3400	0.97	0	$991M
18	CRFCornerstone Total Return Fund, Inc.	$6.19	22.76%	$1.4088	0.00	1	$733M
19	BCATBlackRock Capital Allocation Trust	$13.70	22.72%	$3.1131	1.27	3	$1.4B
20	CLMCornerstone Strategic Value Fund, Inc.	$6.43	22.72%	$1.4607	0.00	1	$1.8B
21	EARNEllington Credit Company	$4.26	22.54%	$0.9600	-0.49	0	$160M
22	IVRInvesco Mortgage Capital Inc.	$6.41	22.46%	$1.4400	1.15	0	$595M
23	SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B	$3.43	22.46%	$0.7692	—	0	$18.5M
24	GGTGabelli Multimedia Trust Inc.	$3.98	22.11%	$0.8800	0.00	0	$166M
25	XPAYRoundhill Investments - S&P 500 Target 20 Managed Distribution ETF	$52.45	20.89%	$10.9544	—	1	$164M
26	SVOLSimplify Volatility Premium ETF	$16.57	20.88%	$3.4600	—	0	$568M
27	SPYTDefiance S&P 500 Target Income ETF	$17.34	20.62%	$3.5761	—	1	$154M
28	ARRARMOUR Residential REIT, Inc.	$14.10	20.43%	$2.8800	0.76	0	$1.6B
29	ACPAbrdn Income Credit Strategies Fund	$4.48	20.26%	$0.9075	1.46	0	$562M
30	XVSimplify Target 15 Distribution ETF	$24.20	20.24%	$4.8982	—	0	$65.1M
31	NHSNeuberger High Yield Strategies Fund Inc.	$5.47	19.85%	$1.0860	1.60	0	$172M
32	DFIIFT Vest Bitcoin Strategy & Target Income ETF	$14.35	19.85%	$2.8486	—	0	$9.9M
33	QQQTNASDAQ 100 Income Target ETF	$18.40	19.72%	$3.6276	—	1	$50.2M
34	FCPTFour Corners Property Trust, Inc.	$22.20	19.50%	$4.3290	1.29	4	$2.4B
35	EGGSNestYield Total Return Guard ETF	$37.62	19.13%	$7.1967	—	0	$25.1M
36	PDIPIMCO Dynamic Income Fund	$14.00	18.90%	$2.6460	1.67	0	$6.5B
37	IGRCBRE Global Real Estate Income Fund	$11.89	18.17%	$2.1600	2.40	0	$600M
38	SCMStellus Capital Investment Corporation	$7.65	18.03%	$1.3796	1.47	0	$221M
39	DXDynex Capital, Inc.	$11.34	17.99%	$2.0400	0.84	1	$2.8B
40	PFLTPennantPark Floating Rate Capital Ltd.	$6.99	17.60%	$1.2300	3.04	0	$694M
41	SARSaratoga Investment Corp.	$17.11	17.53%	$3.0000	2.77	1	$279M
42	XLEIState Street Energy Select Sector SPDR Premium Income ETF	$27.63	17.10%	$4.7258	—	0	$34.0M
43	BRWSaba Capital Income & Opportunities Fund	$6.08	16.78%	$1.0200	1.48	1	$259M
44	HIXWestern Asset High Income Fund II Inc	$3.57	16.47%	$0.5880	1.25	0	$322M
45	ACKYVistaShares Target 15 ACKtivist Distribution ETF	$17.54	16.28%	$2.8560	—	0	$27.2M
46	OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	$6.94	15.91%	$1.1040	1.64	0	$165M
47	XLKIState Street Technology Select Sector SPDR Premium Income ETF	$27.38	15.88%	$4.3484	—	0	$9.8M
48	OMAHVistaShares Target 15 Berkshire Select Income ETF	$17.99	15.61%	$2.8090	—	0	$450M
49	EHIWestern Asset Global High Income Fund Inc.	$5.39	15.58%	$0.8400	1.27	2	$163M
50	CEFDETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	$17.84	15.56%	$2.7753	—	1	$7.4M
51	KQQQKurv Technology Titans Select ETF	$29.52	15.38%	$4.5400	—	1	$25.4M
52	DMOWestern Asset Mortgage Opportunity Fund Inc	$9.52	15.34%	$1.4600	1.88	3	$109M
53	QUSAVistaShares Target 15 USA Quality Income ETF	$18.03	15.30%	$2.7590	—	0	$19.3M
54	KBWDInvesco KBW High Dividend Yield Financial ETF	$11.32	15.15%	$1.7144	—	0	$399M
55	XLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$21.71	15.13%	$3.2851	—	0	$1.7M
56	RIVRiverNorth Opportunities Fund, Inc.	$10.40	14.99%	$1.5585	0.49	0	$226M
57	AGNCAGNC Investment Corp.	$9.62	14.97%	$1.4400	0.79	0	$11.0B
58	WDIWestern Asset Diversified Income Fund	$11.91	14.96%	$1.7820	1.27	4	$618M
59	HGLBHighland Global Allocation Fund	$6.88	14.96%	$1.0290	0.31	1	$162M
60	XLUIState Street Utilities Select Sector SPDR Premium Income ETF	$21.68	14.83%	$3.2160	—	0	$16.3M
61	FSCOFS Credit Opportunities Corp.	$5.11	14.66%	$0.7493	1.05	3	$1.0B
62	EICEagle Point Income Company Inc.	$9.42	14.65%	$1.3800	-5.36	0	$221M
63	FAXAbrdn Asia-Pacific Income Fund Inc	$13.50	14.56%	$1.9650	1.95	0	$557M
64	JRINuveen Real Asset Income and Growth Fund	$11.02	14.54%	$1.6020	0.87	2	$302M
65	XLBIState Street Materials Select Sector SPDR Premium Income ETF	$23.31	14.35%	$3.3463	—	0	$6.5M
66	EDFVirtus Stone Harbor Emerging Markets Income Fund	$5.05	14.26%	$0.7200	0.61	0	$162M
67	TYGTortoise Energy Infrastructure Corporation	$40.02	14.24%	$5.7000	0.73	2	$690M
68	CAIECalamos Autocallable Income ETF	$26.99	14.23%	$3.8400	—	0	$1.2B
69	VVRInvesco Senior Income Trust	$2.89	14.22%	$0.4110	3.67	0	$445M
70	NRONeuberger Real Estate Securities Income Fund Inc	$2.64	14.18%	$0.3744	1.00	2	$167M
71	FRABlackRock Floating Rate Income Strategies Fund, Inc.	$10.50	14.15%	$1.4861	2.90	0	$372M
72	MLPDGlobal X - MLP & Energy Infrastructure Covered Call ETF	$24.16	14.12%	$3.4124	—	1	$30.0M
73	PFLPIMCO Income Strategy Fund	$6.93	14.10%	$0.9768	1.12	0	$345M
74	TSPYTappAlpha SPY Growth & Daily Income ETF	$25.62	14.06%	$3.6013	—	1	$120M
75	KVUEKenvue Inc.	$17.80	13.99%	$2.4900	0.01	2	$34.2B
76	KIOKKR Income Opportunities Fund	$10.44	13.97%	$1.4580	1.49	0	$428M
77	PHKPIMCO High Income Fund	$4.13	13.95%	$0.5760	1.10	0	$770M
78	PFNPIMCO Income Strategy Fund II	$6.25	13.79%	$0.8616	1.13	0	$616M
79	FTFFranklin Limited Duration Income Trust	$5.36	13.77%	$0.7380	2.14	0	$217M
80	BGTBlackRock Floating Rate Income Trust	$10.49	13.76%	$1.4434	2.97	0	$313M
81	ASGIAbrdn Global Infrastructure Income Fund	$19.26	13.71%	$2.6400	0.88	5	$609M
82	QQQINEOS Nasdaq-100 High Income ETF	$55.76	13.70%	$7.6412	—	1	$14.1B
83	MCNXAI Madison Equity Premium Income Fund	$5.27	13.66%	$0.7200	0.00	0	$111M
84	AWPabrdn Global Premier Properties Fund	$10.56	13.64%	$1.4400	0.66	0	$323M
85	YYYAmplify CEF High Income ETF	$10.61	13.57%	$1.4400	—	0	$681M
86	PAXSPIMCO Access Income Fund	$13.23	13.55%	$1.7928	1.37	0	$622M
87	BWGBrandywineGLOBAL Global Income Opportunities Fund Inc.	$7.09	13.54%	$0.9600	1.17	0	$119M
88	BITIProShares Short Bitcoin ETF	$17.53	13.49%	$2.3641	—	0	$88.7M
89	DSUBlackRock Debt Strategies Fund, Inc.	$8.94	13.25%	$1.1848	1.94	0	$563M
90	JFRNuveen Floating Rate Income Fund	$7.33	13.25%	$0.9710	2.02	5	$1.2B
91	BITBlackRock Multi-Sector Income Trust	$11.23	13.22%	$1.4844	2.19	0	$641M
92	SRVNXG Cushing Midstream Energy Fund	$42.38	13.21%	$5.6000	0.41	0	$198M
93	DSLDoubleLine Income Solutions Fund	$10.02	13.17%	$1.3200	3.98	1	$1.1B
94	CPZCalamos Long/Short Equity & Dynamic Income Term Trust	$12.76	13.17%	$1.6800	23.14	1	$250M
95	XLIIState Street Industrial Select Sector SPDR Premium Income ETF	$24.48	13.12%	$3.2116	—	0	$7.3M
96	JQCNuveen Credit Strategies Income Fund	$4.71	13.09%	$0.6165	1.94	3	$696M
97	PDOPimco Dynamic Income Opportunities Fund	$11.73	13.08%	$1.5348	4.98	0	$1.7B
98	PTYPIMCO Corporate & Income Opportunity Fund	$10.93	13.04%	$1.4256	1.11	0	$2.3B
99	HIOWestern Asset High Income Opportunity Fund Inc	$3.28	12.99%	$0.4260	0.00	0	$312M
100	PCFHigh Income Securities Fund	$5.37	12.96%	$0.6960	0.00	0	$101M

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.

How much would these dividends pay you?

Enter an amount against any company in this list and see the income it would produce — per year, per payment and per month.

Open the dividend calculator →

Top 10 Monthly Dividend Stocks

About the Monthly Dividend Stocks list

Methodology

Frequently asked questions

How much would these dividends pay you?

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