# 3 Monthly Dividend Stocks for Retirement

> Retirement funds could benefit from these three monthly dividend stocks with steady payouts.
- Title: 3 Monthly Dividend Stocks for Retirement · 24/7 Wall St.
- Summary: Retirement funds could benefit from these three monthly dividend stocks with steady payouts.
- Keywords: reality income, agree realty, main street capital, monthly dividend, retirement funds, dividend stocks, affo payout, dividend safety, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/11/09/3-monthly-dividend-stocks-that-could-help-pay-your-retirement-bills
- Author: Chris Lange
- Published: 2026-11-09T17:47:58+00:00
- Read time: 1 min
- Topics: reality income, agree realty, main street capital, monthly dividend, retirement funds, dividend stocks, affo payout, dividend safety
## Realty Income: 116 Straight Quarterly Raises
Realty Income has raised its monthly dividend 136 times since its 1994 NYSE listing.

> The latest monthly payment is $0.2715, up from $0.264 at the start of last year.
## Agree Realty: Monthly Raises Backed by 69% Payout
Agree Realty raised its monthly dividend to $0.271 from $0.267, with steady payments since 2021.

> The monthly payment has never dropped since switching to monthly payouts in 2021.
## Main Street Capital: Monthly Income Plus Bonuses
Main Street Capital pays a regular monthly dividend of $0.265 with supplemental dividends up to $1.20 per share.

> The Board declared a $0.30 supplemental, the 21st consecutive quarterly supplemental dividend.
## Dividend Safety Metrics
Realty Income uses 73% of AFFO guidance, Agree Realty uses 69% of AFFO, and Main Street Capital covers its payout with net investment income.

> Chief executive Sumit Roy said the 'AFFO payout ratio, it’s amongst the lowest it has been in the history of Realty Income.'
## Bull Case: Scale and Consistency
Realty Income's scale and long history of increases support its dividend growth, with 98.8% occupancy and strong tenant quality.

> Realty Income invested $2.6 billion in Q3 at a 6.8% initial cash yield and earned a leverage-neutral spread of about 170 bps.
## Risk Factors for Each Stock
Interest rates, earnings volatility, and debt levels pose risks to all three dividend stocks.

> If borrowing costs rise further, the spread that funds future raises gets thinner.
## Monthly Checks Built to Last
All three stocks pay monthly, have raised payouts within the past year, and show no recent cuts.

> Agree Realty has the safest coverage at a 69% AFFO payout.
## Why These Stocks Work for Retirement
Retirees benefit from steady monthly payments with minimal timing issues for retirement expenses.

> The regular monthly payment rose from $0.25 in early 2025 to today’s level.
## Dividend Payout Details
Realty Income: $3.258 annualized dividend at $59.29 share price, 5.5% yield. Agree Realty: $3.252 annualized dividend at $69.92 share price, 4.7% yield. Main Street Capital: $3.18 annualized dividend at $57 share price, 5.6% yield.
## What Happens Next
Main Street Capital plans to propose an additional supplemental dividend payable in March 2027.

> Management also 'currently anticipate[s] proposing an additional significant supplemental dividend payable in March 2027.'
## Key takeaway

Realty Income, Agree Realty, and Main Street Capital offer monthly dividends with strong coverage and consistent increases for retirement income.