12 Companies Paying Reliable Monthly Dividends

12 Companies Paying Reliable Monthly Dividends

Most investors are accustomed to receiving quarterly payouts from their dividend-paying securities,
but there are opportunities to generate current income on a more frequent basis: meet Monthly
Dividend Stocks.
There are over 600 stocks that follow a monthly payout schedule and warrant a closer look from
yield-starved investors. Monthly dividend stocks can help beef up your portfolios current income,
and in turn, help to improve risk-adjusted returns over the long haul thanks to the cushion offered
by regular dividends.
Below we take a closer look under the hood of 12 monthly dividend paying stocks with stable payout
records:
Annual
Payout

Last Monthly
Payout

Dividend
Yield

Gladstone Commercial (GOOD)

$1.50

$0.125

8.02%

LTC Properties (LTC)

$1.76

$0.170

4.61%

Realty Income Corp (O)

$2.18

$0.182

5.43%

Sabine Royalty Trust (SBR)

$3.90

$0.363

7.47%

Shaw Communications (SJR)

$0.97

$0.085

4.14%

American Realty Caputal Properties Inc.

(ARCP)

$0.91

$0.076

7.10%

Baytex Energy Corp. (BTE)

$2.64

$0.220

6.65%

Cross Timbers Royalty Trust Units (CRT)

$2.30

$0.246

7.90%

Gladstone Capital (GLAD)

$0.84

$0.070

9.04%

Enerplus Corporation (ERF)

$1.08

$0.090

6.01%

Hugoton Royalty Trust (HGT)

$0.86

$0.055

7.55%

Main Street Capital Corp. (MAIN)

$1.92

$0.165

6.30%

Company

12. Gladstone Commercial (GOOD)

Based in Mclean, Virginia, this real estate investment trust owns industrial and commercial real
estate property that it leases to small and mid-sized business, as well as large public companies.
Gladstone is also involved in making long-term industrial and commercial mortgage loans. This
REIT has been paying monthly dividends on a regular basis since the start of 2005 and its current
distribution is at the same level as it was prior to the 2008 financial crisis. Recent developments in
the company include the purchase of a 320,000 square foot office building in the tech-center of
Austin, Texas in July 2013.
Consider the visual representation of GOODs monthly distributions below:

11. LTC Properties (LTC)

LTC operates as a health care REIT based out of Westlake Village, California. The company invests
in long-term care properties in the senior housing space, including skilled nursing properties,
assisted living properties, and combinations of the various health care facility types. LTC has been
paying regular dividends since 1992, although the REIT didnt change to a monthly payout schedule
until 2005; its worth noting that current monthly distribution exceeds those prior to the 2008 financial
crisis.
Consider the visual representation of LTCs monthly distributions below:

10. Realty Income Corp (O)

This commercial REIT based out of Escondido, California is engaged in acquiring and leasing
freestanding retail and other rental-income properties under long-term agreements. Founded in
1970, Realty Income boasts a diversified portfolio of over 2,600 properties spanning across more
than 35 separate industries. The company has been paying monthly dividends since 1995 and its
current distribution is well above pre-housing bubble levels. Realty Income acquired American
Realty Capital Trust at the start of 2013.
Consider the visual representation of Os monthly distributions below:

9. Sabine Royalty Trust (SBR)

Founded in 1982 and based in Dallas, Texas, this trust receives a distribution from Sabine
Corporation, which operates various oil & gas properties domestically; its largest tracts are in
Oklahoma and Texas, although it has properties in Louisiana, New Mexico, Mississippi, and Florida.
The Sabine Royalty Trust has been paying monthly dividends on a consistent basis since 1990 and
its share price currently offers attractive potential for upside as well. Though Sabines dividend
amount has varied throughout the years, the company has always reliably paid a dividend, and has
kept that dividend above 20 cents over the past 5 years.
Consider the visual representation of SBRs monthly distributions below:

8. Shaw Communications (SJR)

Based out of Calgary, Alberta, Canada, Shaw Communications is a diversified Canadian
communications company founded in 1966. Its operations include providing broadband cable TV,
satellite services, internet, and digital phone, in addition to telecommunications services for
businesses. The company has been paying monthly dividends since 2005 and its current payout is
above distribution levels prior to the 2008 crash. Recent developments in the company include the
acquisition of ENMAX Envision, a provider of high-speed data communications, in April 2013.
Consider the visual representation of SJRs monthly distributions below:

7. American Realty Capital Properties Inc. (ARCP)

Founded in 2010 and based in New York, this REIT has been paying out monthly distributions on a
regular basis despite its fairly short operating history compared to some of the other stocks profiled
here. American Realty Capital Properties is engaged in acquiring and leasing single-tenant, free
standing commercial real estate properties; the companys clients are largely investment grade
corporations and its property portfolio is diversified across more than 20 different industries. In April
of 2013, the company closed six property lease deals, including tenants CVS and Family Dollar.
Consider the visual representation of ARCPs monthly distributions below:

6. Baytex Energy Corp. (BTE)

As the name suggests, Baytex is engaged in the business of acquiring and developing petroleum
and natural gas properties throughout Canada. Founded in 1993 and headquartered in Calgary, this
energy trust has been paying out monthly distributions on a regular basis since April of 2006. In
addition to operating properties in the provinces of British Columbia, Alberta, and Saskatchewan,
Baytex Energy Corp. also has operations in the states of North Dakota and Wyoming. Though the
company had a low payout following the recession, it is slowing bringing its dividend back up.
Consider the visual representation of BTEs monthly distributions below:

5. Cross Timbers Royalty Trust Units (CRT)

For those that value consistency of dividends, the Cross Timbers Royalty Trust warrants a closer
look, as it has been paying out monthly distributions without interruption since 1992. Based out of
Dallas, Texas, this express trust receives royalties from various producing and non-producing timber
properties concentrated in Texas, Oklahoma, and New Mexico. From a longer-term investment
perspective, Cross Timbers share price may offer an attractive value opportunity because it is
heavily beat down over the last two years, but has been rebounding off a major support level quite
nicely in recent weeks [see also The Ten Commandments of Dividend Investing]. Though Crosss
monthly payout does fluctuate, its never been below 10 cents, even when it dipped during the last
recession.
Consider the visual representation of CRTs monthly distributions below:

4. Gladstone Capital (GLAD)

Gladstone Capital is a closed-end, non-diversified management investment company based out of
McLean, Virginia. More specifically, the company delivers a high level of current income to
shareholders through an investment strategy focused in the debt market; Gladstone Capital invests
in senior and junior debt notes of private businesses that are substantially owned by leveraged
buyout funds and individuals, as well as families. The company was founded in 2001 and it has been
paying monthly dividends on a regular basis since the fourth quarter of 2003. Gladstones payout
dipped during the last recession, but since then has been consistent.
Consider the visual representation of GLADs monthly distributions below:

3. Enerplus Corporation (ERF)

Founded in 1986, Enerplus is a Canadian oil and gas producer based out of Calgary and has been
paying out monthly distributions consistently since 2001. The companys properties are split roughly
60/40 between natural gas and crude oil. Though it operates primarily in Western Canada, the
company is also involved in energy properties across the states of Montana, North Dakota,
Pennsylvania, West Virginia, and Wyoming. From a long-term perspective, Enerplus stock is heavily
discounted and warrants a closer look from yield-starved, value investors. Enerplus has cut its
dividend in the past two years, and again during the last recession, but it has reliably paid every
month.
Consider the visual representation of ERFs monthly distributions below:

2. Hugoton Royalty Trust (HGT)

This express trust holds 80% net interests in certain working natural gas producing properties owned
and operated by XTO Energy, Inc. The Hugoton trust is based out of Dallas, Texas, and operates
properties in Kansas, Oklahoma, and Wyoming; its portfolio includes over 1,200 oil producing wells
and 45 gas producing wells. This trust has delivered a steady stream of monthly distributions to
shareholders since 1999 and its beat-down share price offers an attractive opportunity to lock in in a
hefty yield in the current ultra-low rate environment. This company boasts consistency in payments,
although there is volatility in the distribution given the nature of the basic materials sector.
Consider the visual representation of HGTs monthly distributions below:

1. Main Street Capital Corp. (MAIN)

Main Street Capital was founded in 1997, and is based out of Houston, Texas. The company has
been making regular monthly payouts to shareholders since 2011. The investment company
provides customized debt and equity financing to lower-middle market companies; this includes firms
with annual revenues between $10 million and $100 million that operate in a diverse range of
industries. In September of 2013, the company acquired TBT Holdings Co Inc., an aluminum dump
trailer manufacturer from Houston.
Consider the visual representation of MAINs monthly distributions below: