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4 best monthly dividend stocks of February 2024

These best monthly dividend stocks can provide reliability and a steady income stream.

Many low-risk investors prefer monthly dividend stocks for their reliability and steady stream of income. Our list is composed of stocks that deliver the best of both these worlds — high payouts and a monthly distribution schedule that offers a reliable, steady income. Consider this list a jumping-off point as you do your due diligence before investing in monthly dividend stocks.

Our top picks for where to buy the best monthly dividend stocks

Best for beginners


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  • Sign up bonus: Get up to $1,000 in stock when you fund a new account within 30 days

Best for options trading


  • Min. deposit: $0
  • Uninvested cash APY: N/A
  • Sign up bonus: Get $100-$5,000 when you open an account with $5,000 to $1,000,000+

Our pick for analytic tools


  • Min. deposit: $0
  • Uninvested cash APY: N/A
  • Finder exclusive: Get your second month of service free when you sign up with Finder

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The 4 best monthly dividend stocks of 2024

We selected these stocks based on their monthly dividend payout schedule and current and historical yields.

LogoStock and tickerStock descriptionYTD return
STAG Industrial Inc logoSTAG Industrial (STAG)STAG is a real estate investment trust (REIT) specializing in the ownership and management of single-tenant industrial properties.2.82%

Buy now

Agree Reality Corp logoAgree Reality Corp. (ADC)ADC is a REIT focused on the ownership, development, and management of retail and commercial properties.-21.13%

Buy now

Realty Income Corp logoReality Income Corp. (O)Realty Income Corp. (O) is a real estate investment trust (REIT) that focuses on owning and leasing retail and commercial properties, often referred to as “The Monthly Dividend Company” for its consistent monthly dividend payments.-25.30%

Buy now

Gladstone Land Corp logoGladstone Land Corp (LAND)PECO is a real estate company specializing in owning and operating grocery-anchored shopping centers throughout the United States.-25.56%

Buy now

How to buy the best monthly dividend stocks in 5 easy steps

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol.
  5. Place your order. Buy the stock. It’s that simple.

Compare trading platforms to invest in monthly dividend stocks

1 - 6 of 6
Name Product Ratings Available asset types Minimum deposit Stock trade fee Cash sweep APY Signup bonus
SoFi Invest®
Finder Rating: 4.7 / 5: ★★★★★
SoFi Invest®
★★★★★
Stocks, Options, ETFs
$0
$0
0.01%
Get up to $1,000 in stock
when you fund a new account within 30 days
tastytrade
Finder Rating: 4.6 / 5: ★★★★★
tastytrade
★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures
$0
$0
N/A
Get $100-$5,000
when you open and fund an account with $5,000 to $1,000,000+
Highly commended for Best Derivatives Trading Platform award.
Public.com
Finder Rating: 4.3 / 5: ★★★★★
Public.com
★★★★★
Stocks, ETFs, Cryptocurrency, Art, Treasury Bills, Collectibles
$0
$0
5.1%
N/A
2.5% fee applies to all alternative asset transactions.
Robinhood
Finder Rating: 4.2 / 5: ★★★★★
Robinhood
★★★★★
Stocks, Options, ETFs, Cryptocurrency
$0
$0
1.5%, or 5.25% with Robinhood Gold
Get a free stock
when you successfully sign up and link your bank account.
Make unlimited commission-free trades, plus earn a 5.25% APY on your uninvested cash through January 31, 2024, with Robinhood Gold. Subscription fees apply.
Fennel
Finder Rating: 4 / 5: ★★★★★
Fennel
★★★★★
Stocks, ETFs
$0
$0
N/A
Finder exclusive: Get your second month of service free
when you you sign up with Finder
FINDER EXCLUSIVE: Sign up with Finder, and get your second month of service free. For every $500 deposited, receive another one month of free service, up to 12 months. T&Cs apply.
eToro
Finder Rating: 4.2 / 5: ★★★★★
EXCLUSIVE
eToro
★★★★★
Stocks, Options, ETFs, Cryptocurrency
$0
$0
4.9%
FINDER EXCLUSIVE: Get a guaranteed $15 bonus
when you sign up and deposit $100
Not available in NY, NV, MN, TN, and HI.
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Frequently asked questions about monthly dividend stocks

Bottom line

Though many don’t offer the explosive growth that aggressive investors look for when trading stocks, dividend stocks that pay monthly provide income investors with the peace of mind of a steady income stream. As you look to build out your portfolio of income-producing stocks, these seven best monthly dividend stocks are a great place to start. But always practice your own due diligence before making any investment decision.

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