3 Stocks That Pay You Each Month

STAG Industrial (NYSE: STAG), Shaw Communications (NYSE: SJR), and AGNC Investment (NASDAQ: AGNC) stand out right now for me among the stocks that pay a monthly dividend. There are a surprising number of companies that pay a monthly dividend, but many of them are struggling and Realty Income, perhaps the best-known monthly payer, has a slightly rich valuation at the moment.

Some investors look at monthly payers as a gimmick, saying what matters is how much a company pays in a dividend per year, regardless of when the dividend is paid. That's true, to some extent, but monthly dividend payers can help retirees and others living on fixed incomes manage their incomes more easily. After all, there are certain things, like rent or a mortgage payment, or even a wireless bill, that won't wait to be paid every quarter.

STAG and AGNC are real estate investment trusts (REITs), while Shaw Communications is a Canadian cable company that has branched out into wireless. The share prices for the three are all down over the past 12 months but up since the start of 2021, and all three have dividend yields of 4% or more.

Source Fool.com