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 November 10, 2026

Top 10 Monthly Dividend Stocks

1.IMSTBitwise Funds Trust86.19%
2.OXLCOxford Lane Capital Corp.66.93%
3.SLVOUBS ETRACS Silver Shares Covered Call ETN61.78%
4.ICOIBitwise Funds Trust58.96%
5.EGGYNestYield Dynamic Income ETF53.42%
6.USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 203748.52%
7.OXSQOxford Square Capital Corp.48.07%
8.SUNSSunrise Realty Trust, Inc.47.31%
9.SPMCSound Point Meridian Capital Inc45.26%
10.ECCEagle Point Credit Company Inc.45.22%

Monthly Dividend Stocks, ranked. Column headers sort the table.
Rank#
1	IMSTBitwise Funds Trust	$7.23	86.19%	$6.2316	—	0	$13.5M
2	OXLCOxford Lane Capital Corp.	$5.08	66.93%	$3.4000	-0.77	4	$498M
3	SLVOUBS ETRACS Silver Shares Covered Call ETN	$56.62	61.78%	$34.9824	—	2	$176M
4	ICOIBitwise Funds Trust	$10.37	58.96%	$6.1141	—	0	$3.4M
5	EGGYNestYield Dynamic Income ETF	$22.20	53.42%	$11.8600	—	0	$19.4M
6	USOIUBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	$42.05	48.52%	$20.4024	—	0	$300M
7	OXSQOxford Square Capital Corp.	$0.87	48.07%	$0.4200	-0.98	0	$105M
8	SUNSSunrise Realty Trust, Inc.	$7.61	47.31%	$3.6000	1.24	1	$103M
9	SPMCSound Point Meridian Capital Inc	$5.70	45.26%	$2.5800	-165.83	1	$120M
10	ECCEagle Point Credit Company Inc.	$2.30	45.22%	$1.0400	-1.10	0	$306M
11	IGMEBitwise GME Option Income Strategy ETF	$22.82	39.77%	$9.0757	—	0	$2.1M
12	WHFWhiteHorse Finance, Inc.	$8.10	37.04%	$3.0000	1.71	0	$174M
13	PSECProspect Capital Corporation	$1.51	31.79%	$0.4800	2.18	0	$806M
14	MVRLETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	$8.95	30.18%	$2.6998	—	0	$8.5M
15	KLIPKraneShares KWEB Covered Call Strategy ETF	$21.43	29.48%	$6.3167	—	0	$84.3M
16	PNNTPennantPark Investment Corporation	$3.35	28.66%	$0.9600	7.22	4	$219M
17	XXVSimplify Ancorato Target 25 Distribution ETF	$20.48	28.13%	$5.7600	—	0	$47.6M
18	EARNEllington Credit Company	$3.42	28.07%	$0.9600	-0.24	0	$131M
19	HRZNHorizon Technology Finance Corporation	$3.87	27.91%	$1.0800	13.30	1	$259M
20	GLDIUBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	$139.37	27.59%	$38.4557	—	2	$178M
21	SLJYAmplify SILJ Covered Call ETF	$26.26	27.25%	$7.1553	—	0	$56.5M
22	EGGSNestYield Total Return Guard ETF	$28.62	26.61%	$7.6163	—	0	$19.1M
23	IVRInvesco Mortgage Capital Inc.	$5.45	26.42%	$1.4400	1.15	0	$506M
24	ORCOrchid Island Capital, Inc.	$5.01	25.95%	$1.3000	-39.65	0	$967M
25	ECATBlackRock ESG Capital Allocation Trust	$13.28	24.71%	$3.2820	1.63	4	$1.3B
26	CLMCornerstone Strategic Value Fund, Inc.	$6.13	23.81%	$1.4598	0.00	1	$1.7B
27	GOFGuggenheim Strategic Opportunities Fund	$9.19	23.78%	$2.1852	1.73	0	$1.9B
28	CRFCornerstone Total Return Fund, Inc.	$5.99	23.53%	$1.4096	0.00	1	$709M
29	XPAYRoundhill Investments - S&P 500 Target 20 Managed Distribution ETF	$50.32	23.45%	$11.8006	—	1	$183M
30	GGTGabelli Multimedia Trust Inc.	$3.76	23.40%	$0.8800	0.00	0	$186M
31	SARSaratoga Investment Corp.	$13.02	23.04%	$3.0000	-11.20	1	$203M
32	SVOLSimplify Volatility Premium ETF	$15.17	22.68%	$3.4400	—	0	$500M
33	BCATBlackRock Capital Allocation Trust	$13.71	22.58%	$3.0957	1.27	3	$1.5B
34	ARRARMOUR Residential REIT, Inc.	$12.77	22.55%	$2.8800	0.76	0	$1.8B
35	QQQTNASDAQ 100 Income Target ETF	$16.10	22.18%	$3.5711	—	1	$51.1M
36	SPYTDefiance S&P 500 Target Income ETF	$16.26	21.54%	$3.5025	—	1	$168M
37	SMHBETRACS 2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B	$3.42	21.49%	$0.7351	—	0	$17.8M
38	XVSimplify Target 15 Distribution ETF	$23.61	20.62%	$4.8682	—	0	$63.5M
39	DFIIFT Vest Bitcoin Strategy & Target Income ETF	$12.59	20.45%	$2.5748	—	0	$8.7M
40	XLEIState Street Energy Select Sector SPDR Premium Income ETF	$26.63	20.24%	$5.3910	—	0	$32.8M
41	ACPAbrdn Income Credit Strategies Fund	$4.40	20.11%	$0.8850	1.46	0	$552M
42	XFLTXAI Octagon Floating Rate & Alternative Income Term Trust	$16.35	19.42%	$3.1750	-1.09	0	$224M
43	NHSNeuberger High Yield Strategies Fund Inc.	$5.66	19.19%	$1.0860	1.60	0	$178M
44	CIONCION Investment Corporation	$6.30	19.05%	$1.2000	5.20	2	$310M
45	DXDynex Capital, Inc.	$10.81	18.87%	$2.0400	-7.32	1	$2.8B
46	HGLBHighland Global Allocation Fund	$5.44	18.86%	$1.0260	0.31	1	$128M
47	IMRABitwise MARA Option Income Strategy ETF	$14.59	18.82%	$2.7466	0.00	0	$730M
48	XLKIState Street Technology Select Sector SPDR Premium Income ETF	$23.36	18.61%	$4.3484	—	0	$8.4M
49	IGRCBRE Global Real Estate Income Fund	$11.72	18.43%	$2.1600	2.40	0	$593M
50	PFLTPennantPark Floating Rate Capital Ltd.	$6.86	17.93%	$1.2300	3.04	0	$681M
51	ETHDProShares - UltraShort Ether ETF	$35.61	17.63%	$6.2765	—	1	$57.1M
52	SCMStellus Capital Investment Corporation	$7.30	17.53%	$1.2796	1.47	0	$208M
53	PDIPIMCO Dynamic Income Fund	$15.11	17.51%	$2.6460	1.67	0	$7.2B
54	KQQQKurv Technology Titans Select ETF	$26.01	17.07%	$4.4400	—	1	$22.4M
55	BRWSaba Capital Income & Opportunities Fund	$6.00	17.00%	$1.0200	1.48	1	$305M
56	QUSAVistaShares Target 15 USA Quality Income ETF	$16.09	16.79%	$2.7023	—	0	$17.2M
57	OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc.	$7.14	16.69%	$1.1910	1.64	0	$178M
58	HIXWestern Asset High Income Fund II Inc	$3.53	16.66%	$0.5880	1.25	0	$318M
59	RIVRiverNorth Opportunities Fund, Inc.	$10.32	16.40%	$1.6920	0.49	0	$282M
60	DRKYVistaShares Target 15 DRUKMacro Distribution ETF	$19.32	16.22%	$3.1339	—	0	$1.9M
61	AGNCAGNC Investment Corp.	$8.93	16.13%	$1.4400	30.64	0	$11.4B
62	CEFDETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	$17.35	16.02%	$2.7794	—	1	$6.9M
63	SRVNXG Cushing Midstream Energy Fund	$35.42	15.95%	$5.6500	0.41	0	$221M
64	KBWDInvesco KBW High Dividend Yield Financial ETF	$10.75	15.83%	$1.7018	—	0	$334M
65	EDFVirtus Stone Harbor Emerging Markets Income Fund	$4.60	15.65%	$0.7200	0.61	0	$148M
66	SIOOVistaShares Target 15 S&P 100 Distribution ETF	$19.10	15.59%	$2.9776	—	0	$47.7M
67	EHIWestern Asset Global High Income Fund Inc.	$5.41	15.53%	$0.8400	1.27	2	$164M
68	TYGTortoise Energy Infrastructure Corporation	$36.96	15.42%	$5.7000	0.73	2	$939M
69	ACKYVistaShares Target 15 ACKtivist Distribution ETF	$17.98	15.37%	$2.7638	—	0	$27.9M
70	EICEagle Point Income Company Inc.	$8.74	15.33%	$1.3400	-5.36	0	$205M
71	OMAHVistaShares Target 15 Berkshire Select Income ETF	$18.31	15.19%	$2.7805	—	0	$458M
72	XLBIState Street Materials Select Sector SPDR Premium Income ETF	$23.49	15.13%	$3.5540	—	0	$6.5M
73	WDIWestern Asset Diversified Income Fund	$11.85	15.04%	$1.7820	1.27	4	$615M
74	YGLDSimplify Gold Strategy PLUS Income ETF	$30.03	14.99%	$4.5000	—	0	$33.0M
75	XLIIState Street Industrial Select Sector SPDR Premium Income ETF	$24.00	14.97%	$3.5926	—	0	$7.1M
76	QQQINEOS Nasdaq-100 High Income ETF	$51.02	14.96%	$7.6309	—	1	$14.8B
77	NXGNXG NextGen Infrastructure Income Fund	$45.41	14.93%	$6.7800	0.24	0	$263M
78	XLYIState Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$22.14	14.84%	$3.2851	—	0	$1.8M
79	FAXAbrdn Asia-Pacific Income Fund Inc	$13.15	14.83%	$1.9500	1.95	0	$543M
80	DMOWestern Asset Mortgage Opportunity Fund Inc	$9.82	14.77%	$1.4500	1.88	3	$112M
81	CAIECalamos Autocallable Income ETF	$25.92	14.73%	$3.8188	—	0	$1.1B
82	TSPYTappAlpha SPY Growth & Daily Income ETF	$24.55	14.60%	$3.5851	—	1	$115M
83	KIOKKR Income Opportunities Fund	$10.13	14.39%	$1.4580	1.49	0	$415M
84	FRABlackRock Floating Rate Income Strategies Fund, Inc.	$10.37	14.33%	$1.4861	2.90	0	$367M
85	BGTBlackRock Floating Rate Income Trust	$10.10	14.29%	$1.4434	2.97	0	$301M
86	XLUIState Street Utilities Select Sector SPDR Premium Income ETF	$22.85	14.28%	$3.2636	—	0	$17.2M
87	PFFLETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN	$6.50	14.19%	$0.9223	—	0	$3.9M
88	FSCOFS Credit Opportunities Corp.	$5.24	14.14%	$0.7409	1.05	3	$1.1B
89	MLPDGlobal X - MLP & Energy Infrastructure Covered Call ETF	$24.55	14.04%	$3.4456	—	1	$30.4M
90	BWGBrandywineGLOBAL Global Income Opportunities Fund Inc.	$6.92	13.87%	$0.9600	1.17	0	$116M
91	VVRInvesco Senior Income Trust	$2.90	13.86%	$0.4020	3.67	0	$446M
92	PFLPIMCO Income Strategy Fund	$7.05	13.86%	$0.9768	1.53	0	$351M
93	YYYAmplify CEF High Income ETF	$10.44	13.79%	$1.4400	—	0	$664M
94	PHKPIMCO High Income Fund	$4.19	13.75%	$0.5760	1.10	0	$781M
95	EFCEllington Financial Inc.	$11.40	13.68%	$1.5600	0.92	0	$1.5B
96	NRONeuberger Real Estate Securities Income Fund Inc	$2.75	13.61%	$0.3744	1.00	2	$174M
97	JRINuveen Real Asset Income and Growth Fund	$11.93	13.43%	$1.6020	0.87	2	$327M
98	DSUBlackRock Debt Strategies Fund, Inc.	$8.83	13.42%	$1.1848	1.94	0	$566M
99	RNTYYieldMax Target 12 Real Estate Option Income ETF	$48.11	13.41%	$6.4495	—	0	$2.5M
100	DADSTidal ETF Trust - Digital Asset Debt Strategy ETF	$18.10	13.39%	$2.4240	—	0	$9.0M

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?

Related rankings