3 Monthly Dividend Stocks Flying Under the Radar
For investors looking to add some steady income to their portfolios, monthly dividend stocks can be a great option. While many investors may be familiar with popular monthly dividend stocks like Realty Income Corporation (O) or Stag Industrial (STAG), there are some lesser-known options worth considering. Here are three under-the-radar monthly dividend stocks that investors may want to keep an eye on.
First up is Pembina Pipeline Corporation (PBA), a Canadian energy infrastructure company that pays a monthly dividend with a current yield of around 6%. Pembina Pipeline has a strong track record of increasing its dividend over time, making it a reliable income generator for investors.
Next, we have Main Street Capital Corporation (MAIN), a business development company that provides debt and equity capital to lower middle-market companies. Main Street Capital pays a monthly dividend with a current yield of approximately 6%. The company has a diversified portfolio of investments and a history of consistent dividend payments.
Finally, there’s Global Net Lease, Inc. (GNL), a real estate investment trust (REIT) that focuses on acquiring and managing single-tenant commercial properties. Global Net Lease pays a monthly dividend with a yield of around 8%, making it an attractive option for income investors. The company’s portfolio includes properties leased to well-known tenants like FedEx and GSA.
While these monthly dividend stocks may not be as well-known as some of their counterparts, they offer attractive yields and the potential for long-term income growth. Investors looking to diversify their portfolios with monthly dividend stocks should consider adding these under-the-radar options to their watchlist.