Top 10 Monthly Dividend Payers I’m Watching Right Now💡

Forget Quarterly—Here’s What Gets Me Paid Every Month

Photo by Hiroshi Kimura on Unsplash

Why Monthly Payers Matter More Than Ever

If you’re trying to escape the paycheck-to-paycheck trap, monthly dividend payers are one of the most overlooked power tools in the financial world.

Most dividend stocks pay quarterly. That’s fine for long-term compounding, but if your goal is monthly cash flow—to cover real-world bills, smooth income, and eventually build real freedom—then monthly payers offer a clear edge:

• Predictability: Bills come monthly. Your portfolio should, too.

• Smoother reinvestment

• Psychology: Watching income hit your account every 30 days keeps you focused, consistent, and motivated.

You don’t need to fill your entire portfolio with them. But if you're trying to build an income engine that pays your phone bill, groceries, or rent then monthly dividend payers give you momentum.

Here are 10 I’m watching closely right now.

1. 🏠 Realty Income (O)

Yield: ~5.5%
Type: Equity REIT
Payout: Monthly

The gold standard of monthly payers. O owns thousands of retail properties leased to names like Walgreens, Dollar General, and 7-Eleven under triple-net leases.

✅ Dividend paid monthly since 1994
✅ Dividend aristocrat with over 25 years of increases
⚠️ Rate-sensitive, but extremely resilient

Great for anchoring any income-focused portfolio.

2. 💼 Main Street Capital (MAIN)

Yield: ~7.8%
Type: BDC
Payout: Monthly + Special Dividends

MAIN lends to U.S. private businesses and takes equity in them as well. Internally managed, with a strong history of bonus dividends and NAV control.

✅ Monthly + occasional special dividends
✅ One of the most stable BDCs on the market
⚠️ Tied to private credit and middle-market lending risk

Great for steady monthly income with upside potential.

3. ⚡ GPIQ – Goldman Sachs Nasdaq-100 Core Premium Income ETF

Yield: ~11.8%
Type: Options Income ETF
Payout: Monthly

Goldman Sachs’ income-focused ETF writes covered calls on the Nasdaq-100, aiming to generate consistent income while offering partial growth exposure. You still get exposure to all of the equities within the Nasdaq-100, despite the high yield.

✅ Monthly yield from Nasdaq stocks
✅ Backed by institutional options execution
⚠️ NAV decay is possible over time
⚠️ Capped upside—designed for cash flow, not capital growth

Solid middle ground between JEPI and QYLD.

4. 🧠 JEPI – JPMorgan Equity Premium Income ETF

Yield: ~8%
Type: Covered Call ETF
Payout: Monthly

JEPI sells covered calls against large-cap stocks while using equity-linked notes to reduce downside volatility. Think of it as a lower-risk, yield-focused alternative to the S&P 500.

✅ Monthly cash flow
✅ Lower volatility than traditional equity funds
⚠️ Won’t capture full bull market upside
⚠️ Not a long-term growth engine

Perfect for yield-focused investors who want stability.

5. 📦 QYLD – Global X Nasdaq 100 Covered Call ETF

Yield: ~14
Type: Covered Call ETF
Payout: Monthly

QYLD generates income by writing monthly call options on the Nasdaq 100. It offers high yield—but little long-term capital appreciation.

✅ Strong, consistent income
✅ Exposure to tech without stock-picking
⚠️ EXTREME price downside.
⚠️ Yield depends heavily on market volatility

Use as a tactical yield booster, not a core.