3 Monthly Dividend Stocks With High Yields

Monthly dividend stocks are highly appealing for income investors. That is because these particular dividend stocks pay their dividends every month, instead of once per quarter like most dividend-paying stocks.

Even better, many monthly dividend stocks have high yields well above the market average. The following 3 monthly dividend stocks have solid yields above 3%, and make dividend payments each month.

Main Street Capital (MAIN)

Main Street Capital Corporation is a Business Development Company (BDC) that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street defines lower middle market companies as generally having annual revenues between $10 million and $150 million. The company’s investments typically support management buyouts, recapitalizations, growth financings, refinancing, and acquisitions. The company generated $367 million in net investment income in 2025. 

At the end of Q4 2025, Main Street had an interest in 92 lower middle market companies (valued at $3.1 billion), 11 middle market companies ($83 million) and 86 private loan investments ($2.0 billion). 

On February 26th, 2026, Main Street Capital reported fourth quarter 2025 results. Net investment income of $92.1 million rose 6% compared to $86.7 million in Q4 2024. The corporation generated net investment income per share of $1.03, up 5% year-over-year from $0.98 per share. Distributable net investment income per share totaled $1.09, 5% higher compared to Q4 2024. Main Street’s net asset value per share increased 5.3% since December 31st, 2024, from $31.65 to $33.33. 

The corporation declared monthly dividends of $0.26 to be paid in the second quarter of 2026, which are 4% higher than those declared a year ago, as well as a supplemental $0.30 dividend to be paid in March.

The company pays a monthly dividend, currently sitting at $0.26 or $3.12 on an annual basis, along with supplemental dividends (skipped in 2020 due to COVID-19). The upcoming supplemental dividend amounts to $0.30 per share to be paid in March, while the company keeps its trend of increasing the regular monthly dividend slightly every year. The supplemental dividends have been a result of generating realized gains from Main Street’s equity investments.

EPR Properties (EPR)

EPR Properties is a specialty real estate investment trust, or REIT, that invests in properties in specific market segments that require industry knowledge to operate effectively. It selects properties it believes have strong return potential in Entertainment, Recreation, and Education. 

The REIT structures its investments as triple net, a structure that places the operating costs of the property on the tenants, not the REIT. The portfolio includes about $7 billion in investments across 300+ locations in 44 states, including over 250 tenants. 

EPR posted fourth quarter and full-year earnings on February 26th, 2026, and results were good. FFO-per-share came to $1.30, which was as expected. Revenue was up 3.2% year-over-year to $183 million, beating estimates by $1 million. Rental revenue was up $8 million year-over-year. For the year, FFO came to $5.12 per share, up from $4.87 a year ago. 

Growth will be fueled in part by a major acquisition. The company also announced separate from the earnings report that it is acquiring seven regional amusement parks from Six Flags Entertainment (FUN) for a gross amount of $342 million. This would be the largest acquisition since 2017. 

EPR boosted its dividend by 5% to a new payout of $3.72 annually, its 5th consecutive year of increases. EPR currently yields 6.6%.

SmartStop Self Storage REIT (SMA)

SmartStop Self Storage is an internally managed self-storage REIT that traces its platform back to the Strategic Storage Trust vehicles formed in the late 2000s and listed publicly on the NYSE in April 2025.

The properties are primarily modern self-storage facilities offering a mix of climate-controlled, drive-up, and specialty storage formats. Along with its owned real estate, SmartStop runs a sizable managed and third-party management platform, overseeing 463 properties, ~272,897 units, and ~35.7 million net rentable square feet across North America.

On February 25th, 2026, SmartStop Self Storage REIT, Inc. reported full year 2025 results for the period ending December 31st, 2025. SmartStop generated total self-storage-related revenues of about $249.5 million, representing a year-over year increase of about $30.5 million. 

On a same-store basis, revenue increased 1.6% and NOI increased 0.6%, supported by a 30-basis point increase in average physical occupancy to 92.5% and a 0.3% increase in annualized rent per occupied square foot to about $20.03. 

FFO, as adjusted, attributable to common stockholders and OP unit holders rose to about $95.5 million, up about $48.7 million year over year, while FFO per diluted share increased to $1.87, up about $0.17 from 2024.

Moving forward, we expect FFO per share growth of 3% per annum over the medium term to be powered by same-store NOI growth and accretive acquisitions, offset by higher interest expense and some dilution from funding growth.

SmartStop owns a diversified, well-located portfolio in major markets and operates on a modern, scaled platform, with additional strategic value coming from its APSM management business and acquisition pipeline. 

SMA currently yields 5.0%.