Splitting $300,000 equally across Ares Capital, Verizon, and Realty Income would generate about $21,671 a year in dividends, a blended yield of 7.22%, according to 24/7 Wall St. The approach gives retirees income without selling shares in a downturn. Ares Capital pays the most at $9,922, a yield of about 9.92%. Its quarterly net investment income of $0.46 per share trails its $0.48 dividend, so coverage is thin. Verizon adds $6,217, and Realty Income $5,531. Payment dates are staggered. Realty Income pays monthly, Verizon in February, May, August, and November, and Ares in March, June, September, and December. That puts cash in the account every month.

4 monthly dividend stocks that could pay you like clockwork in retirement. Most dividend stocks pay quarterly, leaving retirees to juggle bills against an awkward schedule. These four REITs flip that problem by landing checks at different points every single month, but only if each one can keep covering its payout through... This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Retirement bills show up every month, and these four real estate investment trusts (REITs) pay you every month too. Realty Income (NYSE:O), Agree Realty (NYSE:ADC), LTC Properties (NYSE:LTC), and EPR Properties (NYSE:EPR) all pay monthly, and their payment dates fall at different points in the month, so together they can work like a steady income calendar. For a retiree, the key question is whether each payout is covered by cash flow, backed by a sound balance sheet and supported by a track record. On that point, Realty Income just declared its 676th consecutive common stock monthly dividend. Here is how all four hold up. Realty Income: 116 straight quarterly raises and counting. Realty Income pays an annualized forward dividend of $3.258 per share. At a recent price of $58.89, that works out to a forward yield of about 5.5%, which puts it firmly in high-yield territory. The next check is scheduled for November 13. Dividend safety: Third-quarter adjusted funds from operations (AFFO, the cash flow measure REITs use to fund dividends) came in at $1.12 per diluted share, up 3.7% year over year. The company paid $0.813 in dividends per share over the quarter, which means it paid out about 73% of AFFO. Management raised full-year AFFO guidance to $4.45 to $4.46. Occupancy is 98.8%, and the stock trades at 14.08 times free cash flow, which equals a 7.1% free cash flow yield. Liquidity is backed by a $5.5 billion revolving credit facility. As for its record, Realty Income announced its 116th consecutive quarterly dividend increase (136th since its 1994 NYSE listing). Over the past year alone, the monthly payout rose from $0.2695 to $0.2715. Bull case: Scale keeps the raises coming. Realty Income invested $2.6 billion at a 6.8% initial cash yield, about 170 bps above its leverage-neutral cost of capital, and data centers made up 11.7% of third-quarter new investments. Quarterly revenue rose to $1.62 billion, up 10.3%. For a retiree, that means small but steady raises from a landlord with tenants across retail, industrial, gaming, and now digital infrastructure. Risk: Debt is getting more expensive. Interest expense rose to $333.6 million from $294.5 million, and net debt runs at 7.8x EBITDA. That leaves less room for error if borrowing costs stay high. Key data−. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Agree Realty: strongest balance sheet in the group. Agree Realty recently raised its monthly dividend to $0.271 from $0.267, for an annualized forward rate of $3.252. At $69.70, the forward yield is about 4.7%. It has the lowest yield in this group and the strongest balance sheet. Dividend safety: Second-quarter AFFO reached $1.14 per share, up 7.4% year over year, compared with about $0.801 in quarterly dividends. This represents a payout of about 70% of AFFO. Second-quarter guidance raised full-year AFFO to $4.57 to $4.59. Agree Realty carries investment-grade issuer ratings of A- from Fitch, Baa1 from Moody's and BBB+ from S&P, plus $1.9 billion of liquidity and net debt to recurring EBITDA of 5.2x (3.7x pro forma). The company has paid 172 consecutive common dividends, and the monthly rate has risen steadily from $0.217 in late 2020. Bull case: This is a portfolio built for recessions. Agree Realty owns 2,825 net-lease retail properties in all 50 states and D.C., with 99.8% occupancy and an 11.2-year weighted-average lease term. Its tenants include Walmart, Tractor Supply, Dollar General, TJX Companies and Kroger. It bought a record $502 million of properties in the second quarter at a 7.0% cap rate, then raised its full-year investment guidance to $1.6 billion to $1.8 billion. Shares are down 0.89% year to date, so the dividend has kept rising while the stock price stalled. Risk: Agree Realty funds its growth by issuing shares, diluting per-share results. Second-quarter EPS of $0.44 missed the $0.47 consensus after the company raised about $686 million of forward equity in the first half. Previous Close Market Cap Day's Range 52wk Range Dividend Yield LTC Properties: end-of-month checks backed by seniors housing. LTC Properties pays $0.19 per month, or $2.28 a year. At $45.14, that is a forward yield of about 5.1%. Its checks arrive near month-end, with the next due November 30 and December 31. That fills the gap left by the mid-month payers in this group. Learn 7 ways to generate income with A $1,000,000+ portfolio. If you've saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life. Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor) Dividend safety: Third-quarter Core FFO was $0.71 per share and Core FAD was $0.73, compared with a $0.57 quarterly dividend. That puts the payout at about 80% of Core FFO. LTC reaffirmed full-year guidance of $2.76 to $2.78 for Core FFO and $2.83 to $2.85 for Core FAD. LTC holds $183 million in cash and has expanded its credit facility to $1.0 billion. The payout has been $0.19 every month since 2017, up from $0.11 in 2005. Retirees get stability here more than growth. Ignore the headline GAAP EPS of $6.39, which was inflated by a $324 million gain on asset sales. Bull case: LTC is moving toward seniors housing it operates directly (its SHOP portfolio), a business that benefits from an aging population. SHOP acquisitions are approaching $950 million year to date, and SHOP is projected to reach about 50% of annualized NOI by year-end and 75% by the end of 2028. Core SHOP occupancy rose to 91.0% from 89.4% in the first quarter, when guidance assumed about 13% NOI growth. Shares are up 39.83% year to date. Risk: Under the operating model, LTC takes on the ups and downs of running the communities instead of collecting fixed rent. Results depend on 14 third-party SHOP operators managing labor and occupancy well. Previous Close Market Cap Day's Range 52wk Range Dividend Yield EPR Properties: biggest yield with the most coverage. EPR Properties pays $0.31 per month, or $3.72 annualized. At $60.08, the forward yield is about 6.2%, which makes it the only ultra-high-yield name in this group. Investors can expect the next payout on November 16. Dividend safety: EPR has the most buffer of the four. Its chief financial officer, Mark Peterson, said on the third-quarter call: "Our common dividend continues to be very well-covered with an AFFO payout ratio of 60% for the third quarter." AFFO rose to $1.54 per diluted share, up 10.8%. One note: EPR recently stopped subtracting maintenance capex from AFFO, a change management called insignificant. Full-year FFOAA guidance was raised to $5.49-$5.57. Tenant rent coverage stands at 2.1x, fixed charge coverage at 3.5x, and the $1 billion revolver had no balance outstanding. Its track record has a gap: monthly payments stopped after the April 29, 2020 ex-date and restarted in July 2021. Since then, the payout has risen from $0.275 to today's rate. Bull case: Spending on experiences is holding up. Theatre box office is up about 20% year to date. EPR is investing at about an 8.3% initial cash yield and has added Live Nation and Life Time as tenants, while it works to bring theaters down from 34% of rent toward about 20%. On the third-quarter call, the chief executive, Greg Silvers, said: "What we're seeing is people choosing experiences over stuff." Risk: A few tenants account for much of the rent. The top 10 tenants generate 68.0% of base rent, led by Topgolf at 14.5%, AMC at 14.2% and Regal at 10.2%. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Four paydays, one monthly income calendar. Realty Income and Agree Realty both pay on November 13, EPR follows on November 16, and LTC pays on November 30, so the checks are spread across the month. Realty Income and Agree Realty bring the longest records of raises and net-lease stability. LTC adds steady end-of-month income from senior housing. EPR offers the biggest yield with the most coverage behind it. Each payout is covered by recurring cash flow, so the monthly checks rest on more than the schedule alone. If you've saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life. Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor) Chris Lange Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology. His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups. When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.

Realty Income just raised its dividend again. Here are 2 more monthly payers. Most dividend stocks make you wait three months between payments, but a small group of NYSE companies cut those checks every single month and keep raising the amount. Three of them clear every safety bar worth checking. Your mortgage, utilities, and insurance bills come every month, but most US dividend stocks pay only once a quarter. These three NYSE-listed companies pay monthly, and each backs those payments with solid coverage, a strong balance sheet, and a long record of raising the dividend. Realty Income (NYSE:O) leads the group. It recently announced its 116th consecutive quarterly dividend increase, which makes it one of the most reliable sources of monthly income on the market. Realty Income. Realty Income calls itself "The Monthly Dividend Company," and its numbers support the name. The stock yields 5.68%, based on $3.235 in trailing dividends per share and a recent price of $57.45. That counts as high-yield, though it falls short of ultra-high-yield territory. Dividend safety: For a REIT, the best test of coverage is adjusted funds from operations (AFFO), the cash a landlord makes from its properties after recurring costs. Realty Income reported third-quarter AFFO of $1.12 per share, up 3.7% YoY, and hiked its full-year AFFO guidance to $4.45 to $4.46 per share. Its annualized dividend of $3.258 works out to about 73.2% of the low end of that range, so a solid layer of cash sits between the payout and any cut. Occupancy is 98.8%, and when leases came up for renewal, new rents averaged 103.5% of the old ones. Free cash flow is strong too, with a free cash flow yield of 7.09% and a price-to-free-cash-flow ratio of 14. Its financial position supports the payout. Leverage stands at 0.83, Fitch rates the company "A", and the revolving credit line was recently expanded to $5.5B. Few companies can match this history: this was the company's 136th dividend increase since its 1994 NYSE listing, and its dividend history shows monthly payments going back to January 1999. Over the past year, the monthly payment rose from $0.2695 to $0.2715. Bull case: Realty Income is the largest company in net-lease real estate, where tenants cover most property costs, and that size lets it keep expanding. It paid €528M for a 49% stake in 54 properties through a European joint venture, data centers made up 11.7% of its third-quarter new investments, and management reaffirmed its $10B investment target for 2026. The stock also trades below its 200-day moving average of $61.63, inside a 52-week range of $52.90 to $65.93. Risk: Borrowing is getting more expensive. Interest expense rose to $333.6M from $294.5M. If debt costs keep climbing, they will take a bigger share of rental income and could slow future dividend increases. Key data−. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Agree Realty. Agree Realty (NYSE:ADC) owns net-lease retail properties, and its tenants are among the strongest in the sector. The stock yields 4.71% at a recent price of $68.64. While it is the lowest yield of the three, the dividend is also growing quickly. Its monthly payment was just raised to $0.271, paid on November 13, 2026. Over a full year, that rate adds up to $3.252 per share. Dividend safety: Coverage is measured on AFFO here too. Second-quarter AFFO came in at $1.14 per share, up 7.4% YoY, and the dividends paid that quarter used up only about 70.3% of it. The portfolio is 99.8% occupied across 2,825 properties. Investment-grade retailers pay about 73.2% of annualized base rent, and losses from tenant defaults and vacancies were just 0.06%. Renewal rents averaged 105% of prior rents. Its finances add more protection. Agree has $1.9B of liquidity, and net debt runs at 5.2x recurring EBITDA (3.7x pro forma). It also raised about $686M in forward equity during the first half of the year, so it can fund new properties without leaning harder on debt. Its dividend history shows a clear pattern of increases. The monthly payment climbed from $0.247 in early 2024 through $0.25, $0.253, $0.256, $0.262, and $0.267 before reaching the current level. Free Report, Just Released Why O Made Our Top 10 List 24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now. And O made the cut. See who else did. The report is free, and you can see why we think each stock is a top investment today. Bull case: Agree's tenants are getting stronger while it keeps buying more properties. It had a record investment quarter of about $502M across 102 properties at a 7.0% weighted-average cap rate, and new leases average 11.2 years. Retirees get a steadily rising monthly check from a tenant list that leans heavily investment-grade. The shares trade below their 200-day moving average of $74.52 and closer to the 52-week low of $64.08 than to the high of $80.58. Risk: Agree has more exposure to floating interest rates than before. About $497M of commercial paper reprices as short-term rates change, and interest expense climbed to $40.3M from $32.3M YoY. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Main Street Capital. Main Street Capital (NYSE:MAIN | MAIN Price Prediction) is a business development company (BDC). It lends to and invests in smaller private companies, and by law it must pass most of its taxable income to shareholders. Because it makes its income from loans and equity stakes instead of rent, coverage is measured on distributable net investment income (DNII), the earnings available to pay dividends. The stock yields 5.59% on $3.09 in dividends per share, at a recent price of $55.92. Dividend safety: Main Street pays a regular monthly dividend of $0.265 and adds a quarterly supplemental dividend of $0.30. The latest supplemental was its 20th consecutive quarterly supplemental dividend. Second-quarter DNII before taxes was $1.08 per share, enough to cover that quarter's regular monthly dividends about 1.38 times. Net asset value hit a record $33.92 per share, annualized return on equity was 18.9%, and loans that stopped paying interest (non-accruals) were just 1.1% of the portfolio at fair value. Leverage is conservative. Regulatory leverage stands at 0.69x, the asset coverage ratio is 2.44x, and the company has $1.2 billion of cash and unused credit, with no firm debt maturity until $400 million in June 2027. The regular monthly dividend has risen from $0.24 in early 2024 to the current rate, and it was $0.13 back in 2011. The bull case rests on supplemental dividends that add real extra income. Supplemental payouts over the trailing 12 months totaled $1.20 per share, which management described as "an additional 38% paid to shareholders in excess of regular monthly dividends". Selling equity stakes is helping fund those payments. Sales from three portfolio companies brought in about $88 million of realized gains, and management said it "anticipate[s] proposing an additional significant supplemental dividend payable in December 2026." Over five years, the shares have gained 88.57%. Risk: Earnings may have cooled. On the second-quarter call, management guided third-quarter DNII before taxes to at least $0.97 per share, citing less one-time income and higher borrowing costs after refinancing maturing notes at 6.93%. That level would still cover the regular monthly dividend about 1.22 times, but leaves a thinner margin for supplemental payouts. Previous Close Market Cap Day's Range 52wk Range Dividend Yield Monthly checks that pass the safety test. Each of these three companies pays monthly, makes well more than it pays out, and keeps debt under control. Realty Income offers the longest record of increases, Agree Realty has the strongest tenant list and the fastest dividend growth, and Main Street Capital adds quarterly supplemental payments on top of its regular monthly dividend. Together, they give retirees income that arrives on the same schedule as their bills (if you want more names in this mold, we rounded up seven of our favorite monthly payers in a free report here). Got $1,000? O Made Our Top 10 List. Here's who else did. If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And O was one of them. They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list ->> Chris Lange Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology. His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups. When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.