Grab the 5 Highest-Yielding Monthly Dividend Stocks for Huge Passive Income

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By Lee Jackson Updated Published

Quick Read

  • AGNC Investment yields 13.90% while ARMOUR Residential REIT offers the highest dividend at 17.12%.

  • These REITs invest primarily in mortgage-backed securities guaranteed by U.S. government agencies.

  • Apple Hospitality REIT owns 220 hotels across 37 states and yields 8.16%.

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Grab the 5 Highest-Yielding Monthly Dividend Stocks for Huge Passive Income

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Investors love dividend stocks, especially the ultra-high-yield variety, because they offer a significant income stream and have massive total return potential. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or a portfolio consists of income and stock appreciation.

Why we recommend ultra-high-yield monthly income stocks

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A monthly check makes sense for many who have bills and expenses due every 30 days in a world where prices are consistently rising. Items like mortgage payments or rent, utility bills, trash collection, and even grocery bills are always due each month, and a steady stream of passive monthly income can be a huge help in meeting those obligations.

AGNC Investment

a monthly high-yield dividend stock
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AGNC Investment provides private capital to the housing market in the United States.

This company has paid solid monthly dividends for years; its current yield is a massive 13.90%. AGNC Investment Corp. (NASDAQ: AGNC | AGNC Price Prediction) is a real estate investment trust (REIT) in the United States.

The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.

AGNC Investment funds its investments primarily through collateralized borrowings structured as repurchase agreements. It has elected to be taxed as a REIT under the Internal Revenue Code 1986. However, it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

ARMOUR Residential REIT

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ARMOUR Residential REIT invests in residential mortgage-backed securities in the United States.

With a huge 17.12% dividend yield and years of solid performance, this company is a perfect monthly dividend idea. ARMOUR Residential REIT Inc. (NYSE: ARR) invests in residential mortgage-backed securities (MBS) in the United States.

Its securities portfolio primarily consists of securities issued or guaranteed by the U.S. government-sponsored entity (GSE) and the Government National Mortgage Administration backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans, unsecured notes and bonds issued by the GSE and the United States treasuries, and money market instruments.

Ellington Financial

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Ellington has been at the forefront of data-driven investing since its founding in 1994.

This quality mortgage REIT company is a favorite across Wall Street and pays a massive 11.43% dividend. Ellington Financial Inc. (NYSE: EFC) Ellington Financial Operating Partnership, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

The company develops and manages residential mortgage-backed securities (RMBS) backed by:

  • Prime jumbo
  • Alt-A, manufactured housing, and subprime residential mortgage loans
  • RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity
  • Residential mortgage loans
  • Commercial mortgage-backed securities
  • Commercial mortgage loans and other commercial real estate debt

Ellington Financial also provides collateralized loan obligations, mortgage-related and non-mortgage-related derivatives, corporate debt and equity securities, corporate loans, and other strategic investments. The company offers consumer loans and asset-backed securities backed by consumer and commercial assets.

EPR Properties

a monthly high-yield dividend stock
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This specialty REIT invests in properties in select market segments that require unique industry knowledge.

This REIT invests in some of the most popular entertainment companies and pays a solid 7.01% dividend. EPR Properties (NYSE: EPR) is a leading experiential net lease REIT specializing in select enduring experiential properties in the real estate industry.

The company focuses on real estate venues that create value by facilitating out-of-home leisure and recreation experiences where consumers spend their time and money.

EPR Properties has nearly $6.9 billion in total investments across 44 states. It adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards. Senior management believes its focused approach provides a competitive advantage and the potential for stable and attractive returns.

Apple Hospitality REIT

a monthly high-yield dividend stock
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This REIT owns one of the largest portfolios of upscale, select-service hotels in the United States.

Apple Hospitality REIT Inc. (NYSE: APLE) is a publicly traded real estate investment trust that pays a solid 8.16% dividend and stands out in the market with its unique offering.

Despite its name, it is not affiliated with the technology giant. However, it offers a solid total return potential, owning one of the largest and most diverse portfolios of upscale, room-focused hotels in the United States. Apple Hospitality’s portfolio comprises 220 hotels with over 28,900 guest rooms in 87 markets throughout 37 states and one property leased to third parties.

Concentrated on industry-leading brands, the company’s hotel portfolio comprises:

  • 100 Marriott-branded hotels
  • 120 Hilton-branded hotels
  • Five Hyatt-branded hotels
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About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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