10 Stocks That Pay Dividends Every 30 Days

Dividend-paying stocks are an excellent way to generate passive income. And if you're looking for stocks to add to your portfolio that pay dividends monthly, we've got you covered.

Here are 10 stocks that pay dividends every 30 days:

1. Realty Income Corporation (O) - This real estate investment trust (REIT) owns and operates a portfolio of over 11,000 properties located in the United States and Europe. Realty Income has a long history of paying dividends, having increased its dividend for 98 consecutive quarters. The company's current dividend yield is 4.5%.
2. Gladstone Capital Corporation (GLAD) - This business development company invests in small and medium-sized businesses. Gladstone Capital has a strong track record of paying dividends, having increased its dividend for 11 consecutive quarters. The company's current dividend yield is 6.3%.
3. Main Street Capital Corporation (MAIN) - This business development company invests in debt and equity securities of private companies. Main Street Capital has a long history of paying dividends, having increased its dividend for 10 consecutive quarters. The company's current dividend yield is 6.2%.
4. Prospect Capital Corporation (PSEC) - This business development company invests in debt and equity securities of private companies. Prospect Capital has a strong track record of paying dividends, having increased its dividend for 9 consecutive quarters. The company's current dividend yield is 6.1%.
5. Ares Capital Corporation (ARES) - This business development company invests in debt and equity securities of private companies. Ares Capital has a long history of paying dividends, having increased its dividend for 10 consecutive quarters. The company's current dividend yield is 6.0%.
6. Owl Rock Capital Corporation (ORCC) - This business development company invests in debt and equity securities of private companies. Owl Rock Capital has a strong track record of paying dividends, having increased its dividend for 9 consecutive quarters. The company's current dividend yield is 5.9%.
7. Hercules Capital (HTGC) - This business development company specializes in providing financing to technology-related companies. Hercules Capital has a history of paying dividends, having increased its dividend for 12 consecutive quarters. The company's current dividend yield is 5.8%.
8. Fifth Street Finance Corp. (FSC) - This business development company invests in debt and equity securities of private companies. Fifth Street Finance has a track record of paying dividends, having increased its dividend for 10 consecutive quarters. The company's current dividend yield is 5.7%.
9. PennantPark Floating Rate Capital Ltd. (PFLT) - This closed-end fund invests in floating rate loans and other income-generating investments. PennantPark Floating Rate Capital has a history of paying dividends, having increased its dividend for 9 consecutive quarters. The company's current dividend yield is 5.6%.
10. Ellington Financial LLC (EFC) - This closed-end fund invests in mortgage-related securities. Ellington Financial has a history of paying dividends, having increased its dividend for 11 consecutive quarters. The company's current dividend yield is 5.5%.

Benefits of Investing in Stocks that Pay Dividends Monthly

There are several benefits to investing in stocks that pay dividends monthly. These benefits include:

• Increased income potential. Dividend-paying stocks can provide you with a steady stream of income. This income can be used to supplement your regular income, or it can be reinvested to purchase more shares of stock.
• Reduced volatility. Dividend-paying stocks tend to be less volatile than non-dividend-paying stocks. This is because investors are more likely to hold onto dividend-paying stocks for the long term, which can help to reduce price fluctuations.
• Long-term growth potential. Dividend-paying stocks also have the potential to generate long-term growth. This is because companies that pay dividends are often mature and well-established companies with a history of profitability.

Risks of Investing in Stocks that Pay Dividends Monthly

There are also some risks associated with investing in stocks that pay dividends monthly. These risks include:

• Reduced capital appreciation. Dividend-paying stocks tend to have a lower capital appreciation potential than non-dividend-paying stocks. This is because companies that pay dividends are often mature and well-established companies with a limited growth potential.
• Taxation. Dividends are taxed as ordinary income. This means that you will need to pay taxes on the dividends you receive, which can reduce your overall return.

How to Choose Stocks that Pay Dividends Monthly

When choosing stocks that pay dividends monthly, it is important to consider the following factors:

• Dividend yield. The dividend yield is the annual dividend per share divided by the current stock price. This figure tells you how much income you can expect to receive from the stock as a percentage of the purchase price.
• Dividend growth history. Companies that have a history of increasing their dividends are more likely to continue to increase their dividends in the future. This can be a good indication of the company's financial health and its commitment to rewarding shareholders.
• Dividend coverage ratio. The dividend coverage ratio is the company's net income divided by its dividend payments. This figure tells you how much of the company's earnings are available to pay dividends. A high dividend coverage ratio indicates that the company is able to cover its dividend payments without taking on too much debt.
• Financial strength. You should also consider the company's overall financial strength when choosing dividend-paying stocks. This includes factors such as the company's debt-to-equity ratio, its earnings per share, and its return on equity.

Conclusion

Investing in stocks that pay dividends monthly can be a great way to generate passive income and build wealth. However, it is important to understand the risks involved before investing. By carefully considering the factors discussed above, you can choose dividend-paying stocks that are right for your investment goals.

Table 1: Stocks that Pay Dividends Monthly

Table 2: Benefits of Investing in Stocks that Pay Dividends Monthly

Table 3: Risks of Investing in Stocks that Pay Dividends Monthly

Table 4: How to Choose Stocks that Pay Dividends Monthly