The Complete List of Monthly Dividend Stocks Paying 4%-Plus
By: Jonathan Wolfgram,
While monthly dividend stocks sometimes trade the security of a steady income flow for lower returns, investors who are seeking these monthly distributions can still enjoy above-average dividend yields with the right selection of equities.
Most investment advisory sites and brokerages offer a special section for researching equities with monthly dividends — such as the Monthly Dividend Directory available on DividendInvestor.com. Using just two criteria — monthly dividend payouts and a current dividend yield in excess of 4% — the tool identified several equities that fit these requirements. Be aware that this search in the monthly dividend directory on the dividendinvestor will display results that include bundles of stocks such as exchange-traded funds (ETFs), mutual funds, and exchange-traded notes (ETNs) in addition to company stocks. This article is only concerned with individual company stocks that pay more than 4%.
Because this search’s sole determining factor is the dividend yield, something that increases when the share price falls, some of the equities on the list below have negative total returns over the trailing 12 months. However, the list contains enough equities that complement their above-average yield with asset appreciation to produce robust total returns. Additionally, investors should conduct their own detailed analysis to determine whether any of the share price pullbacks could be opportunities to buy stocks at discounted prices in order to take advantage of any eventual share price recoveries.
Sorted in ascending order by dividend yield, the list below comprises all company stocks — excluding mutual funds, ETFs and ETNs — that offer current yields of more than 4% while paying monthly dividends. In addition to each equity’s ticker, the list below also provides current market capitalizations, consecutive annual dividend hikes, latest closing price, projected 12-month dividend yield and trailing 12-month dividend yield. All of the this data is updated daily.
It is important to note that there have been some stocks that typically pay monthly dividends with a dividend yield of 4%+ that have been removed from this list because they have recently suspended their dividend due to the financial crisis presented by the COVID-19 pandemic. Many companies have experienced negative financial implications as a result of the pandemic and have decided to suspend their dividend payouts in the meantime.
Nevertheless, in ascending order by dividend yield, here is the complete list of monthly dividend stocks paying 4%-plus.
|Ticker||Sector||Consecutive Annual Dividend Hikes||Market Cap||Latest Close Price||Projected 12 Month Dividend Yield||Trailing 12 Month Dividend Yield|
|PBA||Energy||11||$11.86B||$31.76||Currency Mismatch||Currency Mismatch|
|VIV||IT & Communications||0||$0||$8.92||2.80%||6.02%|
The Bottom Line
Because this search’s sole determining factor is the dividend yield, something that increases when the share price falls, many of the equities on the list above have negative total returns over the trailing 12 months. While this may seem unsettling, investors should do more research before potentially investing in any stocks — the COVID-19 pandemic as well as other economic turmoil have hindered the returns of some equities listed above. Many equities that have negative returns for the last 12 months actually have positive returns over the last five years. Additionally, investors should conduct their own detailed analysis to determine whether any of the share price pullbacks could be opportunities to buy stocks at discounted prices in order to take advantage of any eventual share price recoveries.
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Jonathan Wolfgram is the assistant editor of website content at Eagle Financial Publications. He graduated from the University of Minnesota with Bachelor’s degrees in Finance and Philosophy. Jonathan writes for www.DividendInvestor.com and www.StockInvestor.com.