The Industrial Powerhouse: Stag Industrial (STAG)
Seeking a monthly dividend stock? Enter Stag Industrial (NYSE:STAG). Hailing from the lively streets of Boston, Massachusetts, STAG is not your run-of-the-mill company; it focuses on acquiring, owning, and operating industrial properties across the United States. As of the final quarter of 2023, this powerhouse owned a staggering 569 buildings in an impressive 41 states, totaling around 112.3 million rentable square feet. If size could talk, STAG speaks volumes!
Over the last 52 weeks, this stock has been on a roll – consistently surpassing its earnings projections. There’s no slipping here, with an average positive earnings surprise clocking in at an eye-popping 57.25%. For the current fiscal year, analysts predict earnings per share of 80 cents. While slightly lower than 2023’s figure of $1.07, revenue is anticipated to climb to $751.44 million, marking a solid 6.6% jump from the previous year.
If you’re after passive income, STAG doesn’t disappoint. With a forward yield of 3.91%, this stock manages to marry growth with stability – a rare find in the world of investments.
The Energy Contender: Permian Basin Royalty Trust (PBT)
Digging into the energy sector, we find the resilient Permian Basin Royalty Trust (NYSE: PBT), with its roots firmly planted in Dallas, Texas. Specializing in royalty interests in various oil and gas properties, PBT stands poised for success as the world slowly returns to pre-pandemic norms. With a potential revival in combustion engine vehicles and geopolitical unrest looming, the tides may turn for PBT.
Offering a monthly passive income with a forward yield of 3.87%, PBT might lack a solid track record of consistent payout increases. But hey, sometimes it’s not about the past, it’s about the now. And right now, PBT is in the game for those seeking monthly dividends.
The Real Estate Champion: Realty Income (O)
If there’s a heavyweight among monthly dividend stocks, it’s Realty Income (NYSE: O). With an extensive portfolio boasting over 15,450 real estate properties leased under long-term net lease agreements, this is one stable ship to sail in. Despite a somewhat rocky performance in fiscal 2023, analysts predict a resurgence in 2024 with EPS projected at $1.41 and revenue reaching $4.87 billion.
Dishing out a monthly passive income with a generous forward yield of 5.91%, Realty Income sets itself apart with a remarkable 31-year track record of consistently increasing annual payouts. O is not just another pretty face on the stock market; it’s a long-term contender.
As of the publication date, Josh Enomoto does not hold any positions in the stocks discussed.
Opinions expressed here are solely those of the author.
