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  • Johnny Encinias

Three High-yield Monthly Dividend Stocks that Could be Worth Considering in 2024

Updated: Jan 6

Welcome to the Investing for Beginners Community.

Today I talk about three high-yield monthly dividend stocks that could be worth considering in 2024:




Here are three high-yield monthly dividend stocks that could be worth considering in 2024:


  1. Main Street Capital (MAIN): This business development company provides long-term debt and equity capital to lower middle-market companies, supporting management buyouts, growth financings, recapitalizations, and acquisitions. Main Street has 195 cumulative investments and ended its first quarter of 2023 with $1.4 total assets under management. The company pays a monthly dividend of 23 cents per share, with an annual yield of 6.9%.

  2. Prospect Capital (PSEC): This is another leading public BDC with a diversified portfolio of investments. Prospect lends to and invests in private, middle-market companies. Prospect has a long history of consistent monthly dividend payouts. The company pays a monthly dividend of 6.25 cents per share, with an annual yield of 9.4%.

  3. Stag Industrial (STAG): This REIT focuses on single-tenant industrial properties throughout the United States. Stag Industrial pays a monthly dividend of 12.33 cents per share, with an annual yield of 4.8%.






Here are some more high-yield dividend stocks that you might find interesting:



  1. Global Net Lease (GNL): This REIT acquires and manages a globally diversified portfolio of commercial properties, including office, industrial, and retail space. Global Net Lease pays a monthly dividend of 18.5 cents per share, with an annual yield of 7.8%.


  1. Stag Industrial (STAG): This REIT focuses on single-tenant industrial properties throughout the United States. Stag Industrial pays a monthly dividend of 12.33 cents per share, with an annual yield of 4.8%.


  1. AT&T (T): This telecommunications giant provides wireless, broadband, and entertainment services to consumers and businesses worldwide. AT&T pays a monthly dividend of 52 cents per share, with an annual yield of 6.5%.


  1. Altria Group (MO): This tobacco company is one of the largest producers and marketers of cigarettes and other tobacco products in the world. Altria pays a monthly dividend of 86 cents per share, with an annual yield of 7.3%.







Please note that investing in stocks carries risks and it’s important to do your own research before making any investment decisions. It’s also important to keep in mind that past performance is not indicative of future results.

I hope this helps! Let me know if you have any other questions.







Sources:

(1) Best monthly dividend stocks of 2024 - USA TODAY. https://www.usatoday.com/money/blueprint/investing/best-monthly-dividend-stocks/

(3) Want $100 in Super Safe Monthly Dividend Income in 2024? Invest $11,925 Into the Following 3 High-Yield Stocks.

(4) 2 Dividend Stocks That Will Pay You for Life. 

(5) 500 Highest Yield Dividend Stocks | 4%+ High Yield Stocks - MarketBeat. https://www.marketbeat.com/dividends/high-yield/.

(7) 7 High-Yield Dividend Stocks to Buy | Investing | U.S. News. https://money.usnews.com/investing/articles/best-high-yield-dividend-stocks-to-buy.

(8) 9 High-Dividend Stocks for January 2024 and How to Invest. https://www.nerdwallet.com/article/investing/how-to-invest-dividend-stocks.














 

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