High Yield Monthly Dividend Paying Stocks

Symbol	Mkt Cap	Yield
ComSovereign Holding Corp. 9.25% Series A Cumulative Preferred Stock COMSP	643200	115.04%
Soluna Holdings Inc 9.0% Series A Cumulative Perpetual Preferred Stock SLNHP	1.42M	113.70%
Harbor Custom Development Inc 8.0% Series A Cumulative Convertible Prfd Stock HCDIP	6.63M	35.07%
Ault Alliance Inc 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock AULT.PRD	NA	28.26%
cbdMD Inc. 8.0% Series A Cumulative Convertible Preferred Stock YCBD.PRA	1.60M	25.01%
Esports Entertainment Group Inc. 10% Series A Cumul Convertible Preferred StockEsports Entertainment Group Inc. 10% Series A Cumul Convertible Preferred Stock GMBLP	3.74M	20.53%
Chicken Soup for the Soul Entertainment 9.75% Series A Cumul Perp Red Prfd Stk CSSEP	55.51M	16.24%
Aberdeen Global Income Fund FCO	65.46M	16.09%
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock SQFTP	10.80M	15.19%
Brookfield Real Assets Income Fund Inc RA	905.02M	14.76%
PIMCO Dynamic Income Fund PDI	4.66B	14.62%
Neuberger High Yield Strategies Fund NHS	146.85M	14.37%
CBRE Clarion Global Real Estate Income Fund IGR	588.78M	14.26%
Guggenheim Strategic Opportunities Fund GOF	1.79B	14.12%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares FBIOP	56.89M	14.10%
FAT Brands Inc. 8.25% Series B Cumulative Preferred Stock FATBP	10.47M	13.84%
Western Asset High Income Fund II HIX	290.51M	13.15%
Advent Claymore Convertible Securities and Income Fund AVK	383.30M	12.69%
Applied UV Inc. 10.5% Series A Cumulative Perpetual Preferred Stock AUVIP	10.15M	12.41%
Western Asset Global High Income Fund EHI	151.16M	12.07%
Virtus Diversified Income & Convertible Fund Commo ACV	191.03M	11.72%
Prudential Global Short Duration High Yield Fund GHY	441.83M	11.67%
Prospect Capital Corporation PSEC	2.52B	11.50%
Graniteshares Hips US High Income Etf HIPS	52.78M	11.49%
Calamos Long/Short Equity & Dynamic Income Trust CPZ	290.36M	11.36%
Invesco Van Kampen High Income Trust II VLT	66.21M	11.35%
BlackRock Corporate High Yield Fund VI HYT	1.21B	11.01%
Virtus Artificial Intelligence & Technology Opport AIO	573.84M	10.77%
PIMCO Corporate Income Fund PCN	599.02M	10.76%
PCM Fund Incorporated PCM	107.65M	10.58%
BlackRock Multi-Sector Income Trust BIT	530.80M	10.55%
John Hancock Premium Dividend Fund PDT	545.70M	10.53%
Prudential Short Duration High Yield Fund ISD	402.57M	10.40%
DoubleLine Yield Opportunities Fund DLY	649.67M	10.34%
Calamos Dynamic Convertible & Income Fund - Closed CCD	555.29M	10.32%
Credit Suisse Asset Management Income Fund CIK	139.49M	10.19%
CareCloud Inc. 11.00% Series A Cumul Red Perp Preferred Stk CCLDP	122.76M	10.13%
Highland Income Fund HFRO	622.99M	10.11%
Tekla World Healthcare Fund THW	521.53M	10.07%
Western Asset High Yield Defined Opportunity Fund HYI	255.75M	10.05%
Cohen & Steers Closed-End Opportunity Fund FOF	285.56M	10.03%
Western Asset Global Corporate Defined Opportunity Fund GDO	181.33M	9.99%
BlackRock Credit Allocation Income Trust BTZ	944.42M	9.97%
CareCloud Inc 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock CCLDO	22.49M	9.73%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock GOODO	62.00M	9.68%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock GOODN	48.30M	9.46%
BlackRock Limited Duration Income Trust BLW	447.46M	9.40%
Guggenheim Build America Bonds Managed Duration Trust GBAB	367.34M	9.31%
Cohen & Steers REIT and Preferred Income Fund RNP	847.47M	9.19%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock ARR.PRC	111.28M	9.09%
Gabelli Global Utility & Income Trust GLU	79.09M	9.06%
Calamos Strategic Total Return Fund CSQ	2.12B	9.00%
Gabelli Utility Trust GUT	500.31M	8.90%
Cohen & Steers Infrastructure Fund UTF	2.03B	8.78%
Cohen & Steers Quality Income Realty Fund RQI	1.47B	8.77%
Pyxis Tankers Inc 7.75% Series A Cumulative Convertible Preferred Shares PXSAP	9.30M	8.76%
Cohen & Steers Total Return Realty Fund RFI	291.52M	8.72%
Eagle Point Credit Company Inc 6.75% Series D Preferred Stock ECC.PRD	21.39M	8.62%
Alpine Total Dynamic Dividend Fund AOD	846.61M	8.59%
Reaves Utility Income Fund UTG	1.95B	8.52%
Eaton Vance Enhanced Equity Income Fund EOI	628.67M	8.43%
Alpine Global Dynamic Dividend Fund AGD	230.00M	8.43%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031 ECCC	44.86M	7.87%
Oxford Lane Capital Corp 7.125% Term Preferred Stock OXLCN	55.13M	7.75%
Western Asset Premier Bond Fund WEA	122.45M	7.67%
DNP Select Income Fun DNP	3.62B	7.65%
Tekla Healthcare Opportunies Fund THQ	745.65M	7.49%
LTC Properties Inc. LTC	1.29B	7.30%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock LANDO	125.97M	7.09%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares OXLCO	51.24M	7.03%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp. GJT	30.31M	7.01%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group GJS	28.36M	6.99%
Oxford Lane Capital Corp. 6.25% Cumulative Series 2027 Term Preferred Shares OXLCP	78.78M	6.94%
Oxford Lane Capital Corp. 6.75% Cumulative Series 2024 Term Preferred Shares OXLCM	67.14M	6.86%
Main Street Capital Corporation MAIN	3.19B	6.80%
BlackRock Utility and Infrastructure Trust BUI	489.90M	6.65%
OFS Credit Company Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026 OCCIO	18.44M	6.64%
Gabelli Dividend & Income Trust GDV	1.80B	6.60%
Virtus Convertible & Income 2024 Target Term Fund CBH	154.14M	6.54%
BlackRock Health Sciences Trust BME	554.69M	6.43%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc. GJP	9.32M	6.35%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock ADC.PRA	120.33M	6.18%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities BPOPM	132.18M	6.02%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble GJR	32.60M	5.90%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores GJO	13.67M	5.89%
OFS Credit Company Inc 5.25% Series E Term Preferred Stock Due 2026 OCCIN	31.44M	5.84%
Gladstone Land Corp 5.00% Series D Cumulative Term Preferred Stock Due 1/31/2026 LANDM	56.51M	5.34%
Eagle Point Income Company Inc 5.00% Series A Term Preferred Stock Due 2026 EICA	35.99M	5.29%
Realty Income Corp O	39.49B	5.22%
BlackRock Enhanced Government Fund EGF	37.97M	5.10%
STAG Industrial Inc STAG	6.15B	4.29%
Nuveen Select Tax-Free Income Portfolio NXP	666.97M	4.08%
Gladstone Land Corp LAND	549.64M	3.59%
US Global Investors Inc GROW	35.92M	3.47%
Global Water Resources Inc GWRS	271.41M	2.62%

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.