2 Monthly Dividend Stocks Yielding Over 6% I Actually Own

I own both EPR Properties (NYSE:EPR) and Main Street Capital (NYSE:MAIN) for their high-yielding monthly dividends. They currently offer yields above 6%, which is more than five times the S&P 500's 1% yield.

Here's why I think they're two of the top monthly dividend stocks to own long term.

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A monthly income stream plus a quarterly bonus

Main Street Capital currently pays a monthly dividend of $0.265 per share ($3.18 annualized). At the business development company's (BDC) recent price of $55 per share, it yields 5.8%. The company has never cut or suspended that monthly dividend. Instead, Main Street has increased it by 141% since its 2007 IPO, including 12 times since the fourth quarter of 2021, driven by its equity investments and growing loan portfolio.

The BDC set its monthly dividend at a sustainable level to provide investors with a bankable recurring income stream. Its distributable net investment income covered its monthly dividend by a comfortable 1.4 times in the second quarter. However, as a BDC, it must distribute at least 90% of its taxable net income to investors via dividends. Main Street complies with this regulation by paying supplemental quarterly dividends. It has paid this additional dividend for 20 straight quarters, maintaining the current $0.30-per-share rate since early 2024. That additional payment boosts its yield to 8%.

I like that Main Street pays a sustainable, growing monthly dividend and supplements it with an additional quarterly payment. For someone who likes to collect dividends, two income streams are certainly appealing.

A growing monthly payout

EPR Properties currently pays a monthly dividend of $0.31 per share ($3.72 annualized). At the real estate investment trust's (REIT) recent price of less than $57 per share, it yields 6.4%.

The REIT doesn't quite have Main Street Capital's pristine dividend growth track record, as EPR Properties suspended its dividend during the pandemic and reset it to a lower level when it resumed payments. However, it has steadily raised its payout over the past few years, including by 5.1% in early 2026.

EPR's reset dividend is on a much more sustainable foundation. Its current payout ratio is around 68% of its free cash flow, a very comfortable level for a REIT. That allows it to retain meaningful cash flow to fund new investments in income-producing experiential real estate. It expects to invest at least $600 million this year, including spending over $300 million on seven Six Flags theme parks, which it subsequently leased to two new tenants.

The REIT's growing portfolio should support continued dividend increases, which is exactly what I want to see from a passive income investment.

Complementary income stocks

Main Street Capital and EPR Properties are core holdings in my income portfolio due to their high-yielding, sustainable, and growing monthly dividends. I prefer to hold both because they help diversify my income stream by backing their payouts with very different portfolios. I plan to continue adding to my positions to keep growing my passive income.

Matt DiLallo has positions in EPR Properties and Main Street Capital. The Motley Fool has positions in and recommends EPR Properties. The Motley Fool recommends Six Flags Entertainment. The Motley Fool has a disclosure policy.