The word "cheap" may mean different things to different investors: to some, it might mean the stock price itself is below a certain threshold per-share price mark, e.g. monthly dividend paying stocks under 10 dollars (or under 5 dollars etc.). To others, "cheap" might mean the valuation is attractive — while a stock with a price of, say, $1,000 per share might look "expensive" relative to a stock at $10 per share, what if the $1000/share stock is paying a monthly dividend that annualizes to $100/year? All of a sudden, that $1000 stock looks cheap on a yield basis, with a whopping 10% yield! On the other hand, if that same stock carried a $200 dividend the year before — i.e. the dividend rate has been shrinking — then all of a sudden that 10% yield might not seem so cheap anymore if dividend cuts are expected to continue into the future.

On this page, we have screened through our full coverage universe of monthly dividend paying stocks, and then discarded any where the dividend rate had been lowered any time over the past five years. This screen then leaves us with "steady" (or growing) monthly dividend paying stocks. We then ranked the resulting list by dividend yield, showing you lots of candidates for cheap monthly dividend paying stocks to research further (click through on any symbol, as each stock has its own individual page with further details, including a neat chart comparing the growth of the dividend rate over time versus the growth of the stock price).

Monthly Dividend Paying Stocks List
Safest Monthly Dividend Paying Stocks
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Growing Monthly Dividend Paying Stocks
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Monthly Dividend Paying Stocks 2019
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Cheap Monthly Dividend Paying Stocks

Symbol Mkt Cap Yield
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock
SQFTP
CDx3 Ranked Monthly Dividend Paying Stock 4.88M33.62%
Guggenheim Strategic Opportunities Fund
GOF
2.22B20.89%
Soluna Holdings Inc 9.0% Series A Cumulative Perpetual Preferred Stock
SLNHP
CDx3 Ranked Monthly Dividend Paying Stock 8.83M18.34%
Neuberger High Yield Strategies Fund
NHS
254.90M17.83%
PIMCO Dynamic Income Fund
PDI
7.27B16.80%
Hyperscale Data 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
GPUS.PRD
CDx3 Ranked Monthly Dividend Paying Stock 6.62M15.90%
Dynex Capital Inc
DX
3.23B15.62%
CBRE Clarion Global Real Estate Income Fund
IGR
714.61M15.25%
Western Asset High Income Fund II
HIX
353.97M14.96%
Western Asset Global High Income Fund
EHI
132.94M14.36%
Western Asset Global Corporate Defined Opportunity Fund
GDO
77.37M14.23%
BlackRock Floating Rate Income Strategies Fund
FRA
388.01M13.57%
Western Asset Diversified Income Fundhare
WDI
686.80M13.47%
BlackRock Floating Rate Income Trust
BGT
323.90M13.29%
AGNC Investment Corp
AGNC
12.58B13.14%
KKR Income Opportunities Fund
KIO
454.48M13.11%
Virtus Global Multi-sector Income Fundhar
VGI
82.92M13.10%
PIMCO Income Strategy Fund
PFL
385.41M12.60%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares
FBIOP
CDx3 Ranked Monthly Dividend Paying Stock 63.93M12.56%
BlackRock Debt Strategies Fund
DSU
606.21M12.54%
Amplify Cef High Income Etf
YYY
752.02M12.53%
PIMCO High Income Fund
PHK
857.75M12.52%
Neuberger Real Estate Securities Income Fund
NRO
190.09M12.48%
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
264.64M12.46%
Nxg Cushing Midstream Energy Fund
SRV
301.56M12.40%
Principal Real Estate Income Fund
PGZ
68.31M12.35%
Strive Inc Variable Rate Series A Perpetual Preferred Stock
SATA
CDx3 Ranked Monthly Dividend Paying Stock 423.40M12.34%
BlackRock Multi-Sector Income Trust
BIT
694.45M12.20%
PIMCO Income Strategy Fund II
PFN
698.09M12.17%
PIMCO Corporate Opportunity Fund
PTY
2.49B12.15%
Alpine Global Premier Properties Fund
AWP
1.02B12.15%
PIMCO Dynamic Income Opportunities Fundha
PDO
1.82B12.00%
Western Asset High Income Opportunity Fund
HIO
338.55M11.97%
PIMCO Corporate Income Fund
PCN
879.47M11.47%
Nxg Nextgen Infrastructure Income Fundhar
NXG
364.12M11.45%
BlackRock Corporate High Yield Fund VI
HYT
1.63B11.24%
Abrdn Healthcare Opportunities Fund
THQ
806.79M11.09%
Graniteshares Hips US High Income Etf
HIPS
114.94M10.89%
Advent Claymore Convertible Securities and Income Fund
AVK
572.61M10.84%
Western Asset High Yield Defined Opportunity Fund
HYI
134.93M10.83%
Prudential Global Short Duration High Yield Fund
GHY
478.43M10.79%
Credit Suisse High Yield Bond Fund
DHY
179.24M10.75%
Hoya Capital High Dividend Yield Etf
RIET
109.65M10.73%
Guggenheim Build America Bonds Managed Duration Trust
GBAB
388.74M10.72%
Nuveen Mortgage Opportunity Term Fund
JLS
94.09M10.72%
BlackRock Limited Duration Income Trust
BLW
503.20M10.55%
Prudential Short Duration High Yield Fund
ISD
413.80M10.15%
Abrdn World Healthcare Fund
THW
564.43M10.01%
BlackRock Core Bond Trust
BHK
650.74M9.94%
BlackRock Credit Allocation Income Trust
BTZ
953.78M9.85%
Nyli Cbre Global Infrastructure Megatrends Term FU
MEGI
795.29M9.82%
Virtus Infracap U.S. Preferred Stock Etf
PFFA
2.53B9.77%
John Hancock Preferred Income Fund II
HPF
343.14M9.34%
Guggenheim Active Allocation Fund
GUG
503.61M9.33%
PIMCO Global Stocksplus & Income Fundhare
PGP
102.78M9.33%
John Hancock Preferred Income Fund III
HPS
456.70M9.29%
Gabelli Utility Trust
GUT
572.62M9.24%
John Hancock Preferred Income Fund
HPI
430.84M9.21%
Eagle Point Credit Company Inc 6.75% Series D Preferred Stock
ECC.PRD
CDx3 Ranked Monthly Dividend Paying Stock 20.25M9.11%
Neuberger Next Generation Connectivity Fund Inc C
NBXG
1.25B9.07%
Putnam Premier Income Trust
PPT
333.09M9.02%
ING Global Equity Dividend and Premium Opportunity Fund
IGD
527.63M8.97%
Calamos Dynamic Convertible & Income Fund - Closed
CCD
708.57M8.93%
Calamos Convertible and High Income Fund
CHY
1.07B8.88%
BlackRock International Growth and Income Trust
BGY
532.81M8.69%
Cohen & Steers Quality Income Realty Fund
RQI
1.68B8.64%
Calamos Convertible Opportunities and Income Fund
CHI
1.04B8.57%
Cohen & Steers Tax-advantaged Preferred Securities
PTA
1.04B8.53%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock
ARR.PRC
CDx3 Ranked Monthly Dividend Paying Stock 120.53M8.39%
Cohen & Steers Real Estate Opportunities and Incom
RLTY
264.38M8.35%
Infracap Reit Preferred Etf
PFFR
121.99M8.35%
Cohen & Steers Total Return Realty Fund
RFI
307.22M8.34%
Putnam Master Intermediate Income Trust
PIM
153.23M8.33%
Oxford Lane Capital Corp 8.25% Term Preferred Stock Due 2031
OXLCM
CDx3 Ranked Monthly Dividend Paying Stock 60.42M8.19%
GAMCO Natural Resources Gold & Income Trust
GNT
142.54M8.18%
Virtus Artificial Intelligence & Technology Opport
AIO
915.05M8.13%
Infracap MLP Etf
AMZA
479.27M8.10%
Pgim Short Duration High Yield Opportunities Fund
SDHY
397.24M8.05%
Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029
EIIA
CDx3 Ranked Monthly Dividend Paying Stock 35.38M8.04%
Eaton Vance Enhanced Equity Income Fund
EOI
819.59M7.99%
Sound Point Meridian Capital Inc 8.00% Series A Preferred Shares Due 2029
SPMA
CDx3 Ranked Monthly Dividend Paying Stock 57.59M7.99%
Western Asset Premier Bond Fund
WEA
124.83M7.98%
BlackRock Global Opportunities Equity Trust
BOE
692.22M7.97%
Pearl Diver Credit Company Inc 8.00% Series A Term Preferred Stock Due 2029
PDPA
CDx3 Ranked Monthly Dividend Paying Stock 34.69M7.96%
Cohen & Steers REIT and Preferred Income Fund
RNP
983.58M7.95%
Sound Point Meridian Capital Inc 7.875% Series B Preferred Shares Due 2030
SPME
CDx3 Ranked Monthly Dividend Paying Stock NA7.87%
Virtus Diversified Income & Convertible Fund Commo
ACV
286.41M7.84%
OFS Credit Company Inc 7.875% Series F Term Preferred Stock Due 2029
OCCIM
CDx3 Ranked Monthly Dividend Paying Stock 26.10M7.84%
Neuberger Energy Infrastructure and Income Fund IN
NML
609.65M7.82%
Calamos Strategic Total Return Fund
CSQ
3.36B7.74%
Cohen & Steers Closed-End Opportunity Fund
FOF
380.42M7.59%
Cohen & Steers Infrastructure Fund
UTF
2.61B7.33%
Carlyle Credit Income Fund 7.375% Series D Preferred Shares Due 2028
CCID
CDx3 Ranked Monthly Dividend Paying Stock NA7.33%
Oxford Lane Capital Corp 7.125% Term Preferred Stock
OXLCN
CDx3 Ranked Monthly Dividend Paying Stock 59.47M7.19%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock
GOODO
CDx3 Ranked Monthly Dividend Paying Stock 83.52M7.18%
BlackRock Health Sciences Trust
BME
570.47M7.13%
DNP Select Income Fun
DNP
4.14B7.10%
Gladstone Land Corp 6.00% Series C Cumulative Redeemable Preferred Stock
LANDP
CDx3 Ranked Monthly Dividend Paying Stock 216.10M7.05%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock
LANDO
CDx3 Ranked Monthly Dividend Paying Stock 128.23M6.97%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock
GOODN
CDx3 Ranked Monthly Dividend Paying Stock 65.55M6.97%
BlackRock Energy and Resources Trust
BGR
429.95M6.91%
First Trust Income Opportunities Etf
FCEF
82.72M6.79%
Gabelli Global Utility & Income Trust
GLU
116.66M6.78%
GAMCO Global Gold Natural Resources & Income Trust
GGN
831.12M6.77%
Gladstone Land Corp
LAND
358.46M6.74%
BlackRock Resources & Commodities Strategy Trust
BCX
964.41M6.61%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031
ECCC
CDx3 Ranked Monthly Dividend Paying Stock 53.55M6.59%
Western Asset Intermediate Muni Fund
SBI
108.29M6.55%
Reaves Utility Income Fund
UTG
3.69B6.25%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares
OXLCO
CDx3 Ranked Monthly Dividend Paying Stock 57.72M6.24%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock
ADC.PRA
CDx3 Ranked Monthly Dividend Paying Stock 119.35M6.23%
EPR Properties
EPR
4.69B6.07%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities
BPOPM
CDx3 Ranked Monthly Dividend Paying Stock 131.25M6.07%
Gladstone Investment Corporation - Business Develo
GAIN
649.50M5.89%
Healthpeak Properties Inc
DOC
14.33B5.87%
Gabelli Dividend & Income Trust
GDV
2.69B5.85%
LTC Properties Inc.
LTC
2.17B5.67%
Thornburg Income Builder Opportunities Trust - Clo
TBLD
720.22M5.57%
Main Street Capital Corporation
MAIN
5.47B5.41%
Western Asset Investment Grade Defined Opportunity Trust
IGI
95.39M5.35%
Western Asset Income Fund
PAI
113.75M5.27%
OFS Credit Company Inc 5.25% Series E Term Preferred Stock Due 2026
OCCIN
CDx3 Ranked Monthly Dividend Paying Stock 34.90M5.26%
Realty Income Corp
O
Monthly Dividend Paying Aristocrat 59.37B5.18%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc.
GJP
CDx3 Ranked Monthly Dividend Paying Stock 9.42M5.15%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group
GJS
CDx3 Ranked Monthly Dividend Paying Stock 31.02M5.04%
Eagle Point Income Company Inc 5.00% Series A Term Preferred Stock Due 2026
EICA
CDx3 Ranked Monthly Dividend Paying Stock 37.98M5.01%
Eaton Vance National Municipal Opportunities Trust
EOT
271.92M4.71%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble
GJR
CDx3 Ranked Monthly Dividend Paying Stock 32.63M4.69%
UDR Inc
UDR
12.19B4.59%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores
GJO
CDx3 Ranked Monthly Dividend Paying Stock 13.92M4.53%
Nuveen Select Tax-Free Income Portfolio
NXP
901.75M4.49%
First Trust Municipal High Income Etf
FMHI
1.01B4.44%
Nuveen Municipal Value Fund Inc.
NUV
1.90B4.30%
Agree Realty Corp.
ADC
9.30B4.29%
Nuveen New York Municipal Value Fund Inc.
NNY
156.75M4.27%
Pacer American Energy Infrastructure Etf
USAI
135.23M4.05%
Nuveen California Municipal Value Fund Inc.
NCA
303.27M3.93%
First Trust New York Municipal High Income Etf
FMNY
38.31M3.82%
Global Water Resources Inc
GWRS
247.37M3.53%
Phillips Edison & Co Inc
PECO
5.10B3.21%
First Trust Short Duration Managed Municipal Etf
FSMB
629.74M3.19%
US Global Investors Inc
GROW
32.87M2.83%
Sound Enhanced Fixed Income Etf
FXED
39.54M2.76%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp.
GJT
CDx3 Ranked Monthly Dividend Paying Stock 32.86M0.05%
MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock
STRC
CDx3 Ranked Monthly Dividend Paying Stock 2.65B0.00%
 

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