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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.
Agree Realty (ADC)
Agree Realty is a retail Real Estate Investment Trust. Agree has developed over 40 community shopping centers throughout the Midwestern and Southeastern United States. Agree Realty ended the year with a portfolio of 2,674 properties across all 50 states, totaling 55.5 million square feet and 99.7% occupancy, with 66.8% of annual base rent coming from investment-grade tenants.
On February 10th, 2026, Agree Realty Corp. reported third quarter results for Fiscal Year 2025. The company reported solid Q4 2025 results, with revenue of $190.5 million, up 18.5% year-over-year. Net income attributable to common stockholders increased to $54.2 million, or $0.47 per share, while Core FFO per share rose 7.3% to $1.10 and AFFO per share increased 6.5% to $1.11.
During the quarter, the company invested $377 million across 94 retail net-lease properties and maintained strong portfolio fundamentals. For full-year 2025, revenue reached $718.4 million, up from $617.1 million in 2024, while net income increased 8.3% to $196.9 million. Core FFO per share grew 5.1% to $4.28 and AFFO per share increased 4.6% to $4.33, supporting total dividends of $3.081 per share, a 2.7% year-over-year increase.
The company invested approximately $1.55 billion in 338 retail properties during the year, expanding its net-lease portfolio. The balance sheet remains strong with proforma net debt to EBITDA of 3.8x and over $2.0 billion of liquidity.
Looking ahead, the company expects 2026 AFFO per share of $4.54 to $4.58 and plans to invest $1.4–$1.6 billion in new properties. Agree Realty has grown AFFO by a compound rate of 6.3% over the past ten years and by 5.9% per year over the past five years.
We expect that Agree Realty will continue to grow at a slightly slower pace of 4.0% annually for the next five years. Current growth prospects stem from the recent acquisitions announced for the year. We see Agree Realty being able to grow AFFO through its three-pronged growth strategy revolving around acquisitions, development, and partner capital solutions.
ADC has increased its dividend for 13 consecutive years and shares currently yield 3.9%.
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%.
Disclosure: No positions in any stocks mentioned
