Five US real estate stocks that pay a monthly dividend

Many real estate stocks in the US pay a monthly dividend to shareholders.

In the United States, many stocks pay a dividend each month, including Realty Income. This often concerns real estate stocks (REITs); we list 5 of them below, including Dividend Aristocrat Realty Income. All stocks have relative high dividend yields and most stock prices are down bigh in 2022.

The most famous stock in the United States that pays out a monthly dividend is of course Realty Income, which is also a real Dividend Aristocrat with 28 years in a row in which the dividend has increased every year. Realty Income Corporation is a real estate investment trust (REIT) with properties owned under long-term lease agreements with regional and national commercial tenants. 

On September 13, 2022,  Realty Income Corporation (O) announced a third 0.2% dividend increase to $0.248 monthly per share. The dividend is payable on October 14, 2022, to stockholders of record as of October 3, 2022. This is the 117th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for October's dividend is September 30, 2022. The new monthly dividend represents an annualized dividend amount of $2.976 per share as compared to the prior annualized dividend amount of $2.97 per share. The current dividend yield for Realty Income is exactly 5.0% at a stock price of $59.49.

OTHER STOCKS PAYING MONTHLY DIVIDENDS IN THE USA

In addition to Realty Income, there are many more US stocks that pay dividends twelve times a year. This mainly concerns real estate investment trusts; below we have listed these, including Realty Income. Please note that several other US companies pay a monthly dividend, we will get back to that later. Also many Canadian companies and even some European companies pay monthly dividends.

• Realty Income (trading symbol O)
• Phillips Edison (trading symbol PECO)
• Gladstone Land (trading symbol LAND)
• STAG Industrial (trading symbol STAG)
• EPR Properties (trading symbol EPR)

On September 7, 2022, commercial REIT Phillips Edison & Co (PECO) announced a dividend increase of 3.7% to $0.0933 monthly per share. In 2021 the company initiated a dividend and hiked this first payment by 5.9%. The dividend yield for PECO is 3.4% at a stock price of $33. Phillips Edison & Company, Inc. was founded in 1991 and is an internally-managed REIT. The company is one of the nation’s largest owners and operators of grocery-anchored shopping centers. 

• ALSO READ: Dividend Aristocrat Altria Group declares 4.4% dividend hike in 2022

Gladstone Land Corporation (LAND) is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. LAND last hiked its dividend by 0.4% to $0.0456 per share monthly. The dividend yield for LAND is 3.1% at a stock price of $17.60 and the company had paid 113 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013 based on the last declaration this July.

• ALSO READ: Monthly dividend payer SL Green Realty cuts dividend by 12.9%

STAG Industrial (STAG) also is a real estate investment trust, focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. STAG last hiked its dividend by 0.7% to $0.1217 per share monthly in January 2022 and has paid this monthly dividend since. At a stock price of $28.41 the dividend yield for STAG is 5.1%.

STAG Industrial trades near its 52 week low.

The fifth well-known monthly paying real estate stock in the US is EPR Properties (EPR), a specialty real estate investment trust (REIT) that invests in entertainment, education and recreation properties.  EPR Properties suspended its dividend in 2020 because of COVID-19 but reinstated the monthly payment the next year and increased this payment by 10% in 2022 to $0.275 per share monthly. EPR has been paying this dividend since the February increase was declared (first payment was made in April 2022). At a stock price of $36.66 the dividend yield for EPR is a whopping 9.0% with the stock trading down 22% YTD. For more information check the website of EPR Properties.