5 Passive Income Monthly Pay Dividend All-Stars Every Boomer Should Own

O +0.66% STAG +1.91% ADC +1.14% ADC-PA +0.74% LTC +0.64%

Many dividend investors seek solid passive income from quality dividend stocks. Passive income is a steady stream of unearned income that doesn't require active traditional work. Shared ideas for earning passive income include investments such as dividend stocks, bonds, and mutual funds, as well as real estate and additional income-producing side hustles. According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate.

Quick Read

• Most dividend stocks only pay investors on a quarterly basis.

• Most corporate bonds and government Treasury bonds only pay interest payments semi-annually.

• Passive income paid monthly is a perfect way to help with monthly expenses and other costs.

• If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here

A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Items like mortgage payments or rent, utility bills, cell phone and internet 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.

We screened our 24/7 Wall Street research database for quality companies rated Buy at major Wall Street firms that paid monthly dividends. Five seem like great ideas for Baby Boomer passive income-oriented investors seeking upside appreciation. They are also regarded as among the safest monthly pay companies, one of which has paid dividends for over 30 years, and all of these top companies have a Buy rating at top Wall Street firms that we cover.

Why do we cover monthly dividend stocks?

Since 1926, dividends have accounted for approximately 32% of the S&P 500's total return, while capital appreciation has accounted for 68%. Therefore, sustainable dividend income and the potential for capital appreciation are essential to total return expectations. A study by Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the 50 years from 1973 to 2023. Over the same timeline, this was more than double the annualized return for non-payers (3.95%).

Main Street Capital

Main Street Capital has helped over 200 private companies grow or transition by providing flexible private equity and debt capital solutions. This company is a favorite across Wall Street and offers a substantial 5.09% dividend. Main Street Capital Corporation (NASDAQ: MAIN) is a private equity firm that provides equity capital to lower-middle market companies.

This top BDC has never cut its regular monthly dividend since 2007, even through two recessions. Its diversified portfolio of high-yield loans to over 150 companies focuses on first-lien secured loans, and conservative leverage (BBB- credit rating) provides stability. Retained funds from successful investments further protect its payout.

The firm also provides debt capital to middle-market companies for:

• Acquisitions

• Management buyouts

• Growth financings

• Recapitalizations

• Refinancing

The firm seeks to partner with entrepreneurs, business owners, and management teams and generally provides "one-stop" financing options within its lower-middle-market portfolio.

Main Street Capital typically invests in lower-middle-market companies with annual revenues between $10 million and $150 million.

The firm's middle-market debt investments are in businesses that are generally larger than those of its lower-middle-market portfolio companies. It also creates majority and minority equity.

Realty Income

This top company is a real estate investment trust that invests in free-standing, single-tenant commercial properties with a rich 5.61% dividend. This is an ideal stock for growth and income investors looking for a safer contrarian idea for the rest of 2025. Realty Income Corporation (NYSE: O) is an S&P 500 company that provides stockholders with dependable monthly income.

Realty Income, known as “The Monthly Dividend Company,” owns over 15,000 properties leased to recession-resistant tenants, such as grocery stores and drugstores. A credit rating, long-term leases, and a 98.2% median occupancy rate over 24 years ensure stable cash flow. The company has raised its dividend for 30 consecutive years, including 109 straight quarters, making it a Dividend Aristocrat.

The company acquires and manages freestanding commercial properties that generate rental income under long-term net-lease agreements with its commercial clients.

It is engaged in a single business activity: leasing property to clients, generally on a net basis. This business activity spans various geographic boundaries and encompasses a range of property types and clients across multiple industries.

The Company owns or holds interests in approximately 15,621 properties in:

• All 50 United States

• The United Kingdom

• France

• Germany

• Ireland

• Italy

• Portugal

• Spain

With clients doing business in 89 industries, its property types include retail, industrial, gaming, and other sectors, such as agriculture and office.

Its primary industry concentrations include:

• Grocery stores

• Convenience stores

• Dollar stores

• Drug stores

• Home improvement stores

• Restaurants

• Quick service

Agree Realty Corporation

Agree Realty is an $8 billion+ industry leader in the acquisition & development of properties net leased to retailers. This mid-cap stock offers a reliable 4.14% dividend and strong upside potential. Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust that acquires and develops properties net-leased to industry-leading, omnichannel retail tenants.

The Company's assets are held by, and all of its operations are conducted directly or indirectly through, the operating partnership of which the Company is the sole general partner.

Agree Realty owns over 2,400 single-tenant retail properties leased to investment-grade retailers like Walmart and CVS. Its diversified portfolio, with no tenant accounting for more than 8% of rent, and its focus on e-commerce-resistant sectors like grocery and home improvement, ensure resilience. A BBB+ credit rating and strong dividend coverage support its reliability.

Its portfolio comprises over 2,370 properties in 50 states, totaling approximately 48.8 million square feet of gross leasable area (GLA). The company's portfolio of properties is located in:

• Texas

• Ohio

• Florida

• Michigan

• Illinois

• North Carolina

• New Jersey

• Pennsylvania

• California

• New York

• Georgia

• Virginia

• Connecticut

• Wisconsin

Agree Realty tenants include these companies and more:

• Walmart

• Dollar General

• Tractor Supply

• Best Buy

• Dollar Tree

• TJX Companies,

• O'Reilly Auto Parts

• CVS

• Kroger

• Lowe's

• Hobby Lobby

• Burlington

• Sherwin-Williams

• Sunbelt Rentals

• Wawa

• Home Depot

• TBC Corporation

• Gerber Collision

Stag Industrial

This industrial REIT focuses on single-tenant industrial properties and maintains a consistent monthly dividend policy, with a focus on industrial real estate that has shown strong fundamentals and a 3.87% dividend. Stag Industrial Inc. (NYSE: STAG) is a real estate investment trust (REIT) focused on the acquisition, ownership, and operation of industrial properties across the United States.

STAG owns industrial properties, such as warehouses, with a 97% occupancy rate. Its diversified tenant base (no tenant >4% of rent) and moderate leverage (BBB credit rating) mitigate risk. While more cyclical than retail REITs, STAG’s focus on e-commerce-driven logistics supports growth, and it has raised its dividend annually since going public in 2011.

Its platform is designed to identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial property types and tenants through the principled application of its proprietary risk assessment model; to provide growth through sophisticated industrial operations and an attractive opportunity set; and to capitalize on its business appropriately given the characteristics of its assets.

The Company's portfolio consists of approximately 590 buildings in 41 states with approximately 116.6 million rentable square feet. It owns all of its properties and conducts substantially all of its business through STAG Industrial Operating Partnership, L.P. (Operating Partnership).

LTC Properties

This is a healthcare REIT that specializes in seniors housing and skilled nursing facilities, providing exposure to the growing healthcare real estate sector with 6.28% monthly dividend payments. LTC Properties, Inc. (NYSE: LTC) invests in senior housing and healthcare properties through sale-leasebacks, mortgage financing, joint ventures, construction financing, and structured finance solutions, including preferred equity and mezzanine lending.

LTC focuses on senior housing and long-term care facilities, benefiting from the aging U.S. population. Its sale-and-leaseback model generates stable cash flow without landlord responsibilities. As a REIT, it must distribute 90% of taxable income, ensuring reliable dividends. It's a smaller $1.6 billion market cap, but it still supports consistent payouts.

It invests in various properties, including:

• Skilled nursing centers (SNF), which provide restorative, rehabilitative, and nursing care

• Assisted living facilities (ALF), which serve people who require assistance with activities of daily living

• Independent living facilities (ILF), also known as retirement communities or senior apartments, offer a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural, and recreational activities, on-site security, and others

• Memory care facilities (MC) offer specialized options for people with Alzheimer’s disease and other forms of dementia

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