Most listed companies hand out a dividend once a quarter, twice a year or annually. A smaller group sends out a share of the profits every month — twelve times a year, on the same rhythm as the rent or the mortgage payment leaving the account.
For an investor drawing an income from a portfolio, that means one thing: the money arrives on a predictable schedule, with no waiting for the next quarterly payment and no need to sell part of a holding. What sits behind the regularity, though, is a particular kind of business model rather than a generous board.
Which companies pay a dividend every month
The table is ordered by market capitalisation. The yield is annual — the sum of twelve monthly payments measured against the current share price.
| Společnost | Cena | Dividenda | Výnos | Tržní kap. | Burza |
|---|---|---|---|---|---|
 Realty IncomeO | 63,87 USD | 3,25 USD | 5,09 % | 59,56 mld. USD | NYSE |
 Banco BradescoBBD | 3,61 USD | 0,17 USD | 4,81 % | 38,16 mld. USD | NYSE |
 Pembina PipelinePBA | 48,93 USD | 2,09 USD | 4,28 % | 28,45 mld. USD | NYSE |
 STAG IndustrialSTAG | 38,26 USD | 1,55 USD | 4,05 % | 7,53 mld. USD | NYSE |
 AGNC InvestmentAGNC | 10,66 USD | 1,44 USD | 13,53 % | 12,41 mld. USD | NasdaqGS |
 Agree RealtyADC | 77,80 USD | 3,20 USD | 4,12 % | 9,37 mld. USD | NYSE |
 Apple Hospitality REITAPLE | 16,51 USD | 0,96 USD | 5,81 % | 3,90 mld. USD | NYSE |
 Main Street CapitalMAIN | 54,41 USD | 4,38 USD | 8,05 % | 5,06 mld. USD | NYSE |
 EPR PropertiesEPR | 62,07 USD | 3,72 USD | 5,99 % | 4,76 mld. USD | NYSE |
 Prospect CapitalPSEC | 2,13 USD | 0,50 USD | 23,42 % | 1,07 mld. USD | NasdaqGS |
 SL Green RealtySLG | 52,93 USD | 2,52 USD | 4,77 % | 4,08 mld. USD | NYSE |
 ARMOUR ResidentialARR | 16,47 USD | 2,88 USD | 17,49 % | 2,33 mld. USD | NYSE |
 Ellington FinancialEFC | 13,28 USD | 1,56 USD | 11,75 % | 1,69 mld. USD | NYSE |
 Orchid Island CapitalORC | 6,49 USD | 1,36 USD | 20,96 % | 1,30 mld. USD | NYSE |
Kurzy jsou orientační, se zpožděním.
Why it tends to be REITs and BDCs
A striking share of the list falls into two categories, and that is no accident.
A REIT (Real Estate Investment Trust) is an American form of property company. To keep its tax treatment, it has to distribute at least 90 % of taxable profit to shareholders under the US tax code. Its own income is rent, which comes in monthly, so the company is largely passing on what it already receives. Realty Income, STAG Industrial, Agree Realty, EPR Properties and SL Green all work this way.
A BDC (Business Development Company) lends capital to small and mid-sized businesses and lives off the interest. A similar distribution rule applies to it, and interest also lands at regular intervals. Main Street Capital and Prospect Capital belong in this group.
The rest of the list is made up of mortgage REITs and infrastructure companies, where the principle is identical: steady recurring income coming in is what allows a steady recurring payout to go out.
A high yield is not free
The yields in the table differ several times over, and behind the gap sits a different level of risk. The companies around four to five per cent usually let physical property on long leases. The highest figures belong to mortgage REITs, which buy mortgage-backed securities using leverage. Their profit depends on the gap between short-term and long-term interest rates, and when that gap narrows, the dividend is the first thing to give.
A monthly payment is not a commitment either. A dividend can be cut or scrapped at any time, and companies on this list have done exactly that more than once in the past. A high percentage yield can equally be the result of a falling share price rather than a rising payout, which is why the cash amount of the dividend is worth reading alongside the percentage.
When the money actually arrives
Entitlement to a dividend depends on the record date, not on the pay date. Anyone buying the shares on the record date or later misses the nearest payment. Several weeks usually pass between the record date and the cash landing in the account, and dividends from foreign shares have withholding tax deducted in the company’s home country. On US stocks the default rate is 30 %, reduced to 15 % for a UK resident whose broker holds a valid W-8BEN form under the double taxation treaty between the UK and the United States.
The figures in the table are indicative and move with the share price as well as with each board’s decision on the next payout.