High Yield Monthly Dividend Paying Stocks

Symbol	Mkt Cap	Yield
Harbor Custom Development Inc 8.0% Series A Cumulative Convertible Prfd Stock HCDIP	16.99M	13.68%
cbdMD Inc. 8.0% Series A Cumulative Convertible Preferred Stock YCBD.PRA	3.16M	12.66%
Brookfield Real Assets Income Fund Inc RA	955.99M	10.96%
Guggenheim Strategic Opportunities Fund GOF	976.29M	10.73%
Aberdeen Global Income Fund FCO	70.53M	10.41%
Applied UV Inc. 10.5% Series A Cumulative Perpetual Preferred Stock AUVIP	12.48M	10.10%
Guggenheim Credit Allocation Fund GGM	212.24M	10.05%
PIMCO Dynamic Credit and Mortgage Income Fund Comm PCI	3.17B	9.90%
PIMCO Dynamic Income Fund PDI	1.87B	9.87%
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock SQFTP	17.49M	9.38%
CareCloud Inc. 11.00% Series A Cumul Red Perp Preferred Stk MTBCP	129.65M	9.25%
PIMCO Income Opportunity Fund PKO	515.50M	9.19%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares FBIOP	88.15M	9.11%
MECHANICAL TECHNOLOGY INCORPORATED 9.0% Series A Cumulative Perpetual Preferred Stock MKTYP	17.96M	9.02%
Chicken Soup for the Soul Entertainment 9.75% Series A Cumul Perp Red Prfd Stk CSSEP	101.52M	8.88%
PCM Fund Incorporated PCM	128.37M	8.69%
FAT Brands Inc. 8.25% Series B Cumulative Preferred Stock FATBP	16.79M	8.63%
Tekla World Healthcare Fund THW	627.91M	8.29%
Calamos Global Dynamic Income Fund CHW	606.32M	8.24%
Graniteshares Hips US High Income Etf HIPS	7.90M	8.16%
Highland Income Fund HFRO	812.59M	8.12%
Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETV	1.55B	7.93%
BlackRock Multi-Sector Income Trust BIT	705.71M	7.90%
Credit Suisse Asset Management Income Fund CIK	179.41M	7.87%
Eaton Vance Tax-Managed Buy-Write Income Fund ETB	441.04M	7.82%
Calamos Global Total Return Fund CGO	139.93M	7.70%
BlackRock Corporate High Yield Fund VI HYT	1.48B	7.69%
Eaton Vance Tax-Managed Diversified Equity Income Fund ETY	2.21B	7.66%
Eagle Point Credit Co. 7.75% Series B Cumul Term Preferred Stock due 10/30/2026 ECCB	46.74M	7.63%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble GJR	31.55M	7.63%
Gabelli Utility Trust GUT	437.97M	7.46%
PIMCO Corporate Income Fund PCN	742.36M	7.40%
Advent Claymore Convertible Securities and Income Fund AVK	658.05M	7.38%
Cohen & Steers Closed-End Opportunity Fund FOF	387.09M	7.35%
Calamos Dynamic Convertible & Income Fund CCD	790.68M	7.25%
DNP Select Income Fun DNP	3.68B	7.22%
Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG	1.68B	7.09%
John Hancock Tax-Advantaged Dividend Income Fund HTD	851.04M	6.89%
Gladstone Commercial Corp GOOD	802.25M	6.89%
Alpine Total Dynamic Dividend Fund AOD	1.06B	6.87%
John Hancock Premium Dividend Fund PDT	828.70M	6.87%
Eaton Vance Enhanced Equity Income Fund EOI	754.23M	6.85%
Reaves Utility Income Fund UTG	1.86B	6.83%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock ARR.PRC	148.85M	6.80%
Eaton Vance Enhanced Equity Income Fund II EOS	1.21B	6.77%
OFS Credit Company 6.875% Series A Term Preferred Stock Due 3/31/2024 OCCIP	21.69M	6.76%
Eaton Vance Tax-Advantaged Dividend Income Fund EVT	2.13B	6.74%
BlackRock Income Trust BKT	391.71M	6.72%
CBRE Clarion Global Real Estate Income Fund IGR	1.04B	6.71%
Cohen & Steers Infrastructure Fund UTF	2.61B	6.67%
Popular Capital Trust I 6.70% Cumul Monthly Income Trust Preferred Securities BPOPN	301.80M	6.66%
Oxford Lane Capital Corp. 6.75% Cumulative Series 2024 Term Preferred Shares OXLCM	69.36M	6.64%
LTC Properties Inc. LTC	1.36B	6.62%
Alpine Global Dynamic Dividend Fund AGD	151.35M	6.47%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031 ECCC	NA	6.40%
Guggenheim Build America Bonds Managed Duration Trust GBAB	476.91M	6.35%
Oxford Lane Capital Corp. 6.25% Cumulative Series 2027 Term Preferred Shares OXLCP	88.41M	6.19%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock GOODN	74.62M	6.13%
OFS Credit Company Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026 OCCIO	20.32M	6.03%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares OXLCO	60.02M	6.00%
Gabelli Global Utility & Income Trust GLU	108.04M	5.97%
Gladstone Investment Corporation - Business Develo GAIN	501.40M	5.96%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities BPOPM	133.59M	5.96%
Cohen & Steers Quality Income Realty Fund RQI	2.17B	5.95%
Tekla Healthcare Opportunies Fund THQ	954.96M	5.84%
Main Street Capital Corporation MAIN	2.98B	5.80%
BlackRock Utility and Infrastructure Trust BUI	493.25M	5.75%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock LANDO	155.45M	5.75%
BlackRock Enhanced Capital and Income Fund Inc. CII	931.40M	5.66%
Cohen & Steers Total Return Realty Fund RFI	450.99M	5.59%
Cohen & Steers REIT and Preferred Income Fund RNP	1.27B	5.58%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock GOODO	107.44M	5.58%
Virtus Allianzgi Diversified Income & Convertible ACV	375.33M	5.53%
Virtus Allianzgi Convertible & Income 2024 Target CBH	188.98M	5.33%
Gabelli Dividend & Income Trust GDV	2.42B	4.93%
Gladstone Land Corp 5.00% Series D Cumulative Term Preferred Stock Due 1/31/2026 LANDM	62.67M	4.82%
First Trust Buywrite Income Etf FTHI	48.38M	4.31%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock ADC.PRA	NA	4.28%
Realty Income Corp O	27.27B	4.04%
Bny Mellon Municipal Bond Infrastructure Fund Inc DMB	289.50M	4.04%
BlackRock Enhanced Government Fund EGF	59.71M	3.90%
STAG Industrial Inc STAG	6.98B	3.37%
First Trust Hedged Buywrite Income Etf FTLB	9.81M	3.03%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc. GJP	9.30M	3.03%
Gladstone Land Corp LAND	717.08M	2.37%
Global Water Resources Inc GWRS	421.87M	1.57%
US Global Investors Inc GROW	78.65M	1.49%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group GJS	28.36M	1.09%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp. GJT	29.46M	1.00%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores GJO	13.36M	0.64%

Prior to answering the question as to which high yield monthly dividend paying stocks offer the most dividend yield, first we have to address the matter of whether each stock's dividend is actually steady (or shrinking, or growing). If a given high yield monthly dividend paying stock offers, on paper, a current yield of, say, 10%, but meanwhile the monthly dividend amount has actually been falling over time (or if the monthly amount is variable and "bounces around") then should we really "count" that super-high yield as with the same weight as compared to a hypothetical peer that has a lower current yield but maintains a history of dividend growth?

We had this question in our minds when we put together this page, and what we decided is that you'll most want to see just the subset of our coverage universe of monthly dividend paying stocks which have paid a steady or growing dividend over the past five year look-back period (if you wish to see only those stocks that have shown growth in their monthly dividends, then click here).

So, what you'll find in the list below is the group of high yield monthly dividend paying stocks where we found that the dividend rate had not been cut in the past five years. While this doesn't tell us what the next five years will look like, it still represents a great starting point, for further research — be sure to click through on any symbol to research it further (each stock has its own page with additional details, which includes a nifty chart comparing the growth of the dividend rate over time compared to the growth of the stock price).

Also: we've divided this page into two sections. The list you will see below has securities traded on the US stock exchanges; click here for a separate list of the highest monthly dividend paying stocks traded on Canadian exchanges, ranked by yield.