10 Monthly Dividend Stocks With Ultra Safe Dividends

Published on June 9th, 2026 by Bob Ciura

Monthly dividend stocks can be an attractive investment option for those seeking stable income.

That is because monthly dividend stocks provide a predictable and consistent stream of cash flow.

Monthly dividends allow investors to receive more frequent payments than stocks which pay quarterly or semi-annual dividend payouts.

As a result, monthly dividend stocks can help to cover living expenses, or supplement other sources of income.

We currently cover over 100 monthly dividend stocks that currently offer a monthly dividend payment.

You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter, like dividend yield and payout ratio) by clicking on the link below:

10 Monthly Dividend Stocks With Ultra Safe Dividends

However, not all monthly dividend stocks are equally safe. There are many examples of monthly dividend stocks reducing or eliminating their dividends.

The ultra-safe monthly dividend stocks below were selected based on their Dividend Risk score, dividend payout ratios, and a qualitative assessment of their business models and future prospects.

Ultra Safe Monthly Dividend Stock #10: Boardwalk Real Estate Investment Trust (BOWFF)

Boardwalk Real Estate Investment Trust is a Canadian multi-family residential REIT focused on owning, operating, and reinvesting in affordable and value-oriented rental apartment communities across Western and Central Canada.

As of March 31st, 2026, Boardwalk owned and operated in excess of 200 communities comprising approximately 34,000 residential suites totaling approximately 30 million net rentable square feet, with its portfolio concentrated in Alberta, Saskatchewan, Quebec, Ontario, and British Columbia.

On May 5th, 2026, Boardwalk REIT posted its Q1 results for the period ended March 31st, 2026. Rental revenue for the quarter was about $119.4 million, up 5.2% year-over-year. Same-property rental revenue increased 2.8% year-over-year.

Same-property NOI grew 6.8%, reflecting continued operating margin expansion to 65.8% as revenue growth was driven by a 4.1% reduction in same-property total rental expense.

Cash flow performance remained strong, with FFO per unit increasing 8.5% to $0.84 and AFFO per unit rising 8.9% to $0.71.

This growth was driven by higher in-place occupied rents across the portfolio, averaging $1,167 in March, and lower incentives, partially offset by higher vacancy loss.

Occupancy remained high at 97.3% for the quarter. For FY2026, Boardwalk revised FFO guidance to C$4.60–C$4.80 or $3.35–$3.50 per unit.

Click here to download our most recent Sure Analysis report on BOWFF (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #9: Flagship Communities Real Estate (MHCUF)

Flagship Communities is a U.S.-focused real estate investment trust specializing in owning and operating manufactured housing communities (MHCs) and recreational vehicle (RV) resorts.

As of March 31st, 2026, the REIT owned a portfolio of 86 MHCs and 2 RV resort communities, totaling 17,015 lots/sites.

Its properties are located in eight U.S. states, with a notable presence in key markets like Louisville, Cincinnati, and Evansville.

On October 15th, 2025, Flagship Communities raised its dividend by 5.4% to a quarterly rate of $0.654.

On May 4th, 2026, Flagship Communities reported its Q1 results. Revenue for the quarter rose by 20.6% to $29.9 million, supported by lot rent increases, organic growth, and contributions from recent acquisitions.

Same-community revenue grew by 8.6%, reflecting continued portfolio strength and higher occupancy.

Rent collections were strong at 99.8%, and overall portfolio occupancy was 84.1%. NOI increased by 17.4% to $19.3 million, with an NOI margin of 64.5%.

Funds from Operations grew to $9.6 million. On a per-unit basis, FFO was $0.382.

Click here to download our most recent Sure Analysis report on MHCUF (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #8: Diversified Royalty Corp. (BEVFF)

Diversified Royalty is a Canadian royalty firm that acquires trademark and royalty rights from multi-location businesses and franchisors across North America.

Its portfolio includes a mix of service, retail, and consumer-facing brands such as Mr. Lube + Tires, Sutton, Oxford Learning, Mr. Mikes, Nurse Next Door, Stratus, BarBurrito, and the AIR MILES Reward Program.

The company earns royalty income based on system sales, agent counts, or fixed payments depending on the partner, and supplements this with management fees. Its model is structured around long-term royalty agreements that typically come with inflation-linked or fixed annual escalators.

On March 19th, 2026, Diversified Royalty reported its Q4 and full-year results. Adjusted revenue for the quarter rose to about $14.63 million, reflecting continued contributions from Mr. Lube + Tires, Oxford, and the contractual annual increases from Stratus, Sutton, Nurse Next Door, and BarBurrito.

Adjusted royalty income reached $14.6 million, driven by stable performance across the portfolio and partly offset by ongoing softness at AIR MILES.

Distributable cash rose to roughly $9.75 million, or about $0.0574 per share vs. $0.0544 in the prior year’s quarter.

For FY2026, we expect $0.15 in distributable cash per share.

Click here to download our most recent Sure Analysis report on BEVFF (preview of page 1 of 3 shown below):

Safest Monthly Dividend Stock #7: Extendicare, Inc. (EXETF)

Extendicare is a leading provider of long-term care (LTC) and home health care services in Canada, focusing on delivering high-quality care to seniors.

At the end of last year, Extendicare operated 122 LTC homes, comprising 51 homes owned by the company and 71 under management contracts.

Further, Extendicare provides home health care services through ParaMed, delivering 11 million hours of care last year.

The company also offers managed services to third parties and joint ventures through Extendicare Assist and SGP, which provide management, consulting, and procurement services across Canada.

On February 26th, 2026, Extendicare posted its Q4 and full-year results for the period ending December 31st, 2025. In Q4, the company generated 337.3 million in revenue, an 18.0% increase from 285.9 million in Q4 2024.

Growth was driven by the LTC Acquisition and the Closing the Gap transaction, LTC funding enhancements, organic home health care ADV growth of 15.3% (27.3% including CTG), higher bill rates, and flow-through funding timing.

Operating expenses rose to 289.3 million, reflecting higher labor costs from increased home health volumes, higher LTC care hours, wage increases, and acquisition impacts.

Net operating income increased to 48.0 million, up 22.1% year over year, while adjusted EBITDA grew to 36.1 million (10.7% margin).

Net earnings were 18.7 million, or $0.21 per basic share, compared to 14.5 million, or $0.17 per basic share, in Q4 2024. For FY2025, EPS was $0.81.

For FY2026, we expect EPS of $1.06.

Click here to download our most recent Sure Analysis report on EXETF (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #6: Savaria Corporation (SISXF)

Savaria Corporation is a leading provider of mobility solutions, specializing in accessibility products such as stair lifts, home and commercial elevators, platform lifts, and medical beds.

Headquartered in Canada, Savaria serves a growing market of elderly and physically challenged individuals. The company has expanded significantly over the years, both organically and through acquisitions, positioning itself as a key player in the accessibility market.

SISXF has increased its dividend for 13 consecutive years in its home currency.

On May 6th, 2026, Savaria reported its Q1 results for the period ending March 31st, 2026. Revenue grew to $171.7 million, driven by organic growth of 5.7%, a 0.6% positive FX impact, and a 0.7% contribution from acquisitions. Gross profit reached $66.9 million, resulting in a gross margin of 38.9%.

Operating income rose to $24.1 million, while Adjusted EBITDA grew to $35.1 million, maintaining a margin of 20.4%. Net earnings for the quarter were $16.6 million or $0.23 per share (diluted), compared to $0.12 per share in Q1 2025.

Click here to download our most recent Sure Analysis report on SISXF (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #5: 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. Total revenue should be in excess of $750 million this year.

EPR posted fourth quarter and full-year earnings on February 26th, 2026. 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. Disposition proceeds were $35 million for the quarter and $168 million a year ago.

The company also announced 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.

Click here to download our most recent Sure Analysis report on EPR (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #4: STAG Industrial (STAG)

STAG Industrial is an owner and operator of industrial real estate. It is focused on single-tenant industrial properties and has 563 buildings across 41 states in the United States.

The focus of this REIT on single-tenant properties might create higher risk, as they are either fully occupied or completely vacant. However, STAG Industrial executes a deep quantitative and qualitative analysis on its tenants.

As a result, it has incurred credit losses that have been less than 0.1% of its revenues since its IPO. As per the latest data, 53% of the tenants are publicly rated and 31% of the tenants are rated “investment grade.”

In late April, STAG Industrial reported (4/28/26) results for the first quarter of 2026. Core FFO per share grew 7% over the prior year’s quarter, from $0.61 to $0.65, beating the analysts’ consensus by $0.01, thanks to hikes in rent rates.

Net operating income grew 4% over the prior year’s quarter even though the occupancy rate decreased sequentially from 96.4% to 95.1%. Interest expense increased 10% year-on-year due to high interest rates.

Click here to download our most recent Sure Analysis report on STAG (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #3: 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.

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.

Click here to download our most recent Sure Analysis report on MAIN (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #2: Agree Realty (ADC)

Agree Realty Corp. (ADC) is an integrated real estate investment trust (REIT) focused on ownership, acquisition, development, and retail property management.

Agree has developed over 40 community shopping centers throughout the Midwestern and Southeastern United States.

The company’s business objective is to invest in and actively manage a diversified portfolio of retail properties net leased to industry tenants.

Agree Realty has paid a growing dividend for 14 consecutive years.

As of March 31, 2026, the company owned 2,756 properties across all 50 states totaling approximately 57.5 million square feet, with occupancy at 99.7% and a weighted-average lease term of 7.8 years.

Approximately 65.4% of annualized base rent came from investment-grade tenants, including major retailers such as Walmart, Tractor Supply Company, Dollar General, and The Home Depot.

On April 21st, 2026, Agree Realty Corp. reported first quarter results for Fiscal Year 2026. The company reported strong first-quarter 2026 results driven by continued acquisition activity, portfolio growth, and disciplined balance sheet management.

Revenue increased 18.7% year over year to $200.8 million, while diluted EPS rose 19.1% to $0.50 per share. Core FFO increased 21.0% to $136.3 million, or $1.13 per share, and AFFO increased 20.7% to $137.6 million, or $1.14 per share.

The company also raised its monthly dividend to $0.267 per share for April 2026, representing a 4.3% year-over-year increase.

The company maintained its 2026 AFFO guidance range of $4.54 to $4.58 per share and expects acquisition volume between $1.4 billion and $1.6 billion for the full year.

Click here to download our most recent Sure Analysis report on ADC (preview of page 1 of 3 shown below):

Ultra Safe Monthly Dividend Stock #1: Realty Income (O)

Realty Income (O) is a retail real estate-focused REIT that has become famous for its successful dividend growth history and monthly dividend payments.

Today, it owns over 15,500 properties throughout the U.S., the U.K., and Continental Europe.

Realty Income owns retail properties that are not part of a wider retail development (such as a mall) but instead are standalone properties.

Its properties range from 7-Eleven convenience stores (its largest tenant) all the way up to a 21.9% stake in the world-famous Bellagio hotel and casino in Las Vegas.

On May 6th, O released its financial results for the first quarter ended March 31st, 2026. Total revenue rose by 12.2% year-over-year to $1.55 billion in the quarter.

The primary growth catalyst for O was the carryover effect of its $6.2 billion in investment volume in 2025 (a selectivity rate of merely 5%), as well as its $2.6 billion in pro-rata investment volume in Q1 2026 (with a selectivity rate of 9%).

Contractual rent increases also resulted in 0.8% same-store rental revenue growth during the quarter. The recapture rate was 103.4% in Q1 2026.

The REIT’s occupancy rate also ticked up 40 basis points over the year-ago period to 98.9% in the quarter. O’s AFFO per share grew by 6.6% year-over-year to $1.13 during the quarter.

Click here to download our most recent Sure Analysis report on Realty Income (preview of page 1 of 3 shown below):

Final Thoughts

Monthly dividend stocks can be an attractive option for investors seeking a steady source of income throughout the year.

While no investment comes without risk, some monthly dividend stocks have demonstrated a history of financial stability, consistent earnings, and reliable dividend payments.

Our list of the 10 safest monthly dividend stocks includes companies from a variety of industries that rank highly based on their payout ratios and high yields.

Nevertheless, there are numerous other monthly dividend stocks available, each with its unique risk factors. Monthly dividend stocks carry elevated risks, so investors should be sure to conduct thorough research before buying.