High Yield Monthly Dividend Paying Stocks

Symbol	Mkt Cap	Yield
cbdMD Inc. 8.0% Series A Cumulative Convertible Preferred Stock YCBD.PRA	2.17M	18.41%
Skylight Health Group Inc 9.25% Series A Cumulative Redeemable Perpetual Preferred Stock SLHGP	5.86M	17.93%
ComSovereign Holding Corp. 9.25% Series A Cumulative Preferred Stock COMSP	NA	15.91%
Aberdeen Global Income Fund FCO	52.37M	14.79%
Soluna Holdings Inc 9.0% Series A Cumulative Perpetual Preferred Stock SLNHP	11.70M	13.85%
Harbor Custom Development Inc 8.0% Series A Cumulative Convertible Prfd Stock HCDIP	17.28M	13.45%
Esports Entertainment Group Inc. 10% Series A Cumul Convertible Preferred StockEsports Entertainment Group Inc. 10% Series A Cumul Convertible Preferred Stock GMBLP	5.80M	13.24%
Brookfield Real Assets Income Fund Inc RA	992.27M	12.44%
Guggenheim Strategic Opportunities Fund GOF	846.82M	12.37%
PIMCO Dynamic Income Fund PDI	1.49B	12.32%
FAT Brands Inc. 8.25% Series B Cumulative Preferred Stock FATBP	12.37M	11.72%
Calamos Global Dynamic Income Fund CHW	439.29M	11.37%
Advent Claymore Convertible Securities and Income Fund AVK	446.07M	10.89%
Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Shares FBIOP	73.75M	10.89%
Pyxis Tankers Inc 7.75% Series A Cumulative Convertible Preferred Shares PXSAP	2.54M	10.77%
Invesco Van Kampen High Income Trust II VLT	69.89M	10.75%
Calamos Dynamic Convertible & Income Fund CCD	539.61M	10.62%
Presidio Property Trust 9.375% Series D Cumulative Redeemable Preferred Stock SQFTP	15.47M	10.60%
CareCloud Inc. 11.00% Series A Cumul Red Perp Preferred Stk MTBCP	117.74M	10.56%
Applied UV Inc. 10.5% Series A Cumulative Perpetual Preferred Stock AUVIP	11.95M	10.55%
Virtus Allianzgi Diversified Income & Convertible ACV	214.84M	10.41%
Chicken Soup for the Soul Entertainment 9.75% Series A Cumul Perp Red Prfd Stk CSSEP	86.91M	10.37%
Calamos Global Total Return Fund CGO	104.83M	10.27%
Eaton Vance Risk-Managed Diversified Equity Income Fund ETJ	569.59M	10.26%
BlackRock Multi-Sector Income Trust BIT	548.12M	10.20%
Credit Suisse Asset Management Income Fund CIK	142.89M	9.89%
Graniteshares Hips US High Income Etf HIPS	70.07M	9.76%
PIMCO Corporate Income Fund PCN	566.63M	9.69%
First Trust Buywrite Income Etf FTHI	44.78M	9.68%
BlackRock Corporate High Yield Fund VI HYT	1.18B	9.66%
Cohen & Steers Closed-End Opportunity Fund FOF	298.04M	9.59%
Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETV	1.50B	9.57%
PCM Fund Incorporated PCM	117.78M	9.50%
Eaton Vance Tax-Managed Diversified Equity Income Fund ETY	1.79B	9.46%
Eaton Vance Enhanced Equity Income Fund II EOS	867.26M	9.46%
Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG	1.27B	9.37%
CBRE Clarion Global Real Estate Income Fund IGR	907.07M	9.25%
BlackRock Income Trust BKT	291.55M	9.03%
Tekla World Healthcare Fund THW	582.01M	8.99%
Eaton Vance Tax-Managed Buy-Write Income Fund ETB	432.68M	8.72%
CareCloud Inc 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock MTBCO	25.47M	8.59%
Gabelli Utility Trust GUT	382.68M	8.54%
Eaton Vance Enhanced Equity Income Fund EOI	607.55M	8.50%
Alpine Total Dynamic Dividend Fund AOD	876.55M	8.30%
Guggenheim Build America Bonds Managed Duration Trust GBAB	369.57M	8.19%
Eaton Vance Tax-Advantaged Dividend Income Fund EVT	1.77B	8.11%
Alpine Global Dynamic Dividend Fund AGD	120.85M	8.10%
John Hancock Premium Dividend Fund PDT	727.15M	7.86%
Highland Income Fund HFRO	804.99M	7.81%
Gladstone Commercial Corp GOOD	748.25M	7.77%
ARMOUR Residential REIT 7.00% Series C Cumulative Redeemable Preferred Stock ARR.PRC	130.33M	7.76%
Eagle Point Credit Company Inc 6.75% Series D Preferred Stock ECC.PRD	24.35M	7.55%
Cohen & Steers REIT and Preferred Income Fund RNP	1.07B	7.29%
Cohen & Steers Infrastructure Fund UTF	2.43B	7.27%
Gabelli Global Utility & Income Trust GLU	89.80M	7.19%
Reaves Utility Income Fund UTG	1.80B	7.05%
John Hancock Tax-Advantaged Dividend Income Fund HTD	836.52M	7.01%
Cohen & Steers Quality Income Realty Fund RQI	1.85B	6.99%
DNP Select Income Fun DNP	3.84B	6.92%
Cohen & Steers Total Return Realty Fund RFI	365.86M	6.91%
BlackRock Utility and Infrastructure Trust BUI	414.19M	6.84%
Main Street Capital Corporation MAIN	2.76B	6.82%
Gladstone Commercial Corp. 6.625% Series E Cumulative Redeemable Preferred Stock GOODN	67.37M	6.79%
Gladstone Commercial Corp. 6.00% Series G Cumulative Redeemable Preferred Stock GOODO	88.66M	6.77%
Tekla Healthcare Opportunies Fund THQ	831.26M	6.72%
Oxford Lane Capital Corp. 6.75% Cumulative Series 2024 Term Preferred Shares OXLCM	68.81M	6.69%
Eagle Point Credit Company Inc. 6.50% Series C Term Preferred Stock Due 2031 ECCC	51.90M	6.66%
BlackRock Enhanced Capital and Income Fund Inc. CII	812.72M	6.48%
Oxford Lane Capital Corp. 6.25% Cumulative Series 2027 Term Preferred Shares OXLCP	85.02M	6.43%
LTC Properties Inc. LTC	1.41B	6.36%
Virtus Allianzgi Convertible & Income 2024 Target CBH	161.95M	6.22%
OFS Credit Company Inc. 6.125% Series C Term Preferred Stock Due 4/30/2026 OCCIO	19.69M	6.22%
Oxford Lane Capital Corp. 6.00% Cumulative Series 2029 Term Preferred Shares OXLCO	57.96M	6.21%
Gladstone Investment Corporation - Business Develo GAIN	483.80M	6.18%
Gabelli Dividend & Income Trust GDV	1.95B	6.11%
BlackRock Health Sciences Trust BME	558.15M	6.03%
Popular Capital Trust II 6.125% Cumul Monthly Income Trust Preferred Securities BPOPM	135.20M	5.89%
AGREE REALTY CORPORATION Depositary Shares RPRSG 4.250% Series A Cumulative Redeemable Preferred Stock ADC.PRA	127.40M	5.84%
Gladstone Land Corp. 6.00% Series B Cumulative Redeemable Preferred Stock LANDO	155.23M	5.76%
Bny Mellon Municipal Bond Infrastructure Fund Inc DMB	208.57M	5.61%
OFS Credit Company Inc 5.25% Series E Term Preferred Stock Due 2026 OCCIN	NA	5.56%
Eagle Point Income Company Inc 5.00% Series A Term Preferred Stock Due 2026 EICA	34.69M	5.48%
Gladstone Land Corp 5.00% Series D Cumulative Term Preferred Stock Due 1/31/2026 LANDM	61.73M	4.89%
BlackRock Enhanced Government Fund EGF	50.05M	4.65%
Realty Income Corp O	40.55B	4.40%
STAG Industrial Inc STAG	6.18B	4.24%
Synthetic Fixed-Income Sec STRATS 2005-06 Float Rate Dominion Resources Inc. GJP	8.92M	3.16%
First Trust Nasdaq Buywrite Income Etf FTQI	13.68M	3.14%
Global Water Resources Inc GWRS	306.90M	2.18%
Gladstone Land Corp LAND	925.04M	2.01%
Synthetic Fixed-Income Sec STRATS 2006-02 Float Rate Goldman Sachs Group GJS	28.03M	1.99%
US Global Investors Inc GROW	61.23M	1.90%
Synthetic Fixed-Income Sec STRATS 2006-03 Float Rate Allstate Corp. GJT	28.80M	1.72%
Synthetic Fixed-Income Sec STRATS 2005-04 Float Rate Wal-Mart Stores GJO	12.97M	1.66%
Synthetic Fixed-Income Sec STRATS 2006-01 Float Rate Procter & Gamble GJR	31.68M	1.61%

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.