Monthly Dividend Calculator
Monthly dividend income = amount invested × yield ÷ 12. So $100,000 at a 4% yield pays about $333 a month. Enter your amount and yield (or a ticker for its live yield) to see your monthly income, or flip it around to find how much you need for $1,000 a month. Below the calculator, see what $10,000 pays each month in 16 real monthly payers, with prices as of Nov 10, 2026.
O Realty Income Corporation
$59.50 · $3.26/yr dividend · 5.48% yield · monthly
$10,000 at a 5.48% yield pays about
$45.67 a month
$548 a year, before tax.
Per year
$548
Per week (average)
$10.54
Per day (average)
$1.50
O shares bought
168.07
at $59.50
Per O payment
$45.67
Paid monthly
Estimate before any change in the dividend. Yields move with the share price and with each raise or cut. See exact payment dates for a ticker
What $10,000 pays per month in real monthly payers
Live data as of Nov 10, 2026. Monthly income is the annual dividend on $10,000 of shares ÷ 12; the typical payment is the median of the last 12.
| Ticker | Price | Yield | Per month on $10k | Typical payment | Per year |
|---|---|---|---|---|---|
| ORealty Income Corporation | $59.50 | 5.48% | $45.66 | $45.55 | $548 |
| ADCAgree Realty Corporation | $70.20 | 4.63% | $38.58 | $38.03 | $463 |
| MAINMain Street Capital Corporation | $57.13 | 7.77% | $64.76 | $46.39+ extras | $777 |
| EPREPR Properties | $61.16 | 6.08% | $50.69 | $50.69 | $608 |
| LTCLTC Properties, Inc. | $44.98 | 5.07% | $42.24 | $42.24 | $507 |
| APLEApple Hospitality REIT, Inc. | $19.68 | 4.88% | $40.65 | $40.65 | $488 |
| PECOPhillips Edison & Company, Inc. | $40.83 | 3.38% | $28.17 | $26.45 | $338 |
| GLADGladstone Capital Corporation | $19.52 | 9.22% | $76.84 | $76.84 | $922 |
| GAINGladstone Investment Corporatio | $15.09 | 6.36% | $53.02 | $53.02 | $636 |
| JEPIJPMorgan Equity Premium Income ETF (ETF) | $57.59 | 7.32% | $61.02 | $64.42varies | $732 |
| JEPQJPMorgan Nasdaq Equity Premium Income ETF (ETF) | $56.10 | 11.43% | $95.22 | $100.80varies | $1,143 |
| SPYINeos S&P 500(R) High Income ETF (ETF) | $52.33 | 12.08% | $100.69 | $101.38 | $1,208 |
| QYLDGlobal X NASDAQ 100 Covered Call ETF (ETF) | $17.68 | 12.12% | $101.01 | $100.96 | $1,212 |
| DIVOAmplify CWP Enhanced Dividend Income ETF (ETF) | $47.36 | 6.39% | $53.24 | $39.48varies | $639 |
| SPHDInvesco S&P 500 High Dividend Low Volatility ETF (ETF) | $52.74 | 4.71% | $39.28 | $39.34 | $471 |
| BNDVanguard Total Bond Market Index Fund ETF Shares (ETF) | $71.62 | 3.76% | $31.37 | $34.35 | $376 |
"Varies" marks payers whose last 12 payments moved by more than about 8% on average. Option-income ETFs such as JEPI and JEPQ set each distribution from what their options earned, so the next check can be higher or lower. "+ extras" marks payers whose annual dividend includes supplemental payments on top of the regular monthly one. Yields over 10% often come with falling share prices or cuts: check the safety grade on each ticker page.
See every monthly payer on our monthly dividend stocks list, or how to combine them in a monthly dividend portfolio.
Monthly dividend formulas
Monthly dividend income = amount invested × dividend yield ÷ 12
Capital needed = monthly income goal × 12 ÷ dividend yield
After-tax monthly income = monthly income × (1 − dividend tax rate)
If you know shares instead of dollars: monthly income = shares × annual dividend per share ÷ 12. For a stock that pays quarterly, that is an average: the money arrives as four larger checks.
How much you need for monthly dividend income
Capital needed before tax, by monthly income goal and yield:
| Per month | at 4% | at 5% | at 6% | at 8% | at 10% |
|---|---|---|---|---|---|
| $500 | $150,000 | $120,000 | $100,000 | $75,000 | $60,000 |
| $1,000 | $300,000 | $240,000 | $200,000 | $150,000 | $120,000 |
| $2,000 | $600,000 | $480,000 | $400,000 | $300,000 | $240,000 |
| $3,000 | $900,000 | $720,000 | $600,000 | $450,000 | $360,000 |
| $5,000 | $1,500,000 | $1,200,000 | $1,000,000 | $750,000 | $600,000 |
Monthly payers tend to yield more than the market, because many are REITs and BDCs that must pay out most of their income. That lowers the capital you need, but their dividends grow slowly, so inflation erodes the income over time. The dividend growth calculator shows that trade-off year by year.
Worked example: $10,000 in O
As of Nov 10, 2026, Realty Income Corporation (O) costs $59.50 a share and pays $3.26 a year in 12 monthly payments. $10,000 buys 168.07 shares. Each month they pay about $45.66, or $548 a year (a 5.48% yield). To get $1,000 a month from O alone you would need about $218,978.
O's dividend has grown 3.5% a year over five years, with 31 straight years of raises. As a REIT, most of its distributions are taxed as ordinary income, which may qualify for the 20% Section 199A deduction. The dividend tax calculator shows what the income is worth after tax in your bracket.
Dividend market facts
Data as of · Source: SmarterDividends data
- As of Nov 10, 2026, the median forward dividend yield among U.S.-listed dividend-paying stocks with a market value of at least $500 million is 2.50%.
- As of Nov 10, 2026, SmarterDividends tracks 3,069 U.S.-listed stocks, ETFs and funds that pay a dividend.
- In the 30 days to Nov 10, 2026, 150 U.S.-listed companies raised their regular dividend and 3 cut it, by ex-dividend date. That is 50.0 increases for every cut.
Cite this page
SmarterDividends, "Monthly Dividend Calculator," updated Nov 10, 2026, https://smarterdividends.com/calculators/monthly-dividend-calculator
Frequently asked questions
How do I calculate monthly dividend income?
Multiply the amount invested by the dividend yield and divide by 12. $100,000 at a 4% yield pays $4,000 a year, or $333.33 a month. $50,000 at 6% pays $250 a month. In a taxable account, multiply by (1 minus your dividend tax rate).
How much do I need to invest to make $1,000 a month in dividends?
Divide $12,000 by the yield. At 4% you need $300,000, at 5% $240,000, at 6% $200,000 and at 8% $150,000, before tax. The higher the yield, the higher the risk that the payout gets cut.
How much do I need to make $500 a month in dividends?
$6,000 a year divided by the yield: $150,000 at 4%, $120,000 at 5% or $100,000 at 6%.
How much does $10,000 in Realty Income Corporation (O) pay per month?
As of Nov 10, 2026, O trades at $59.50 and pays $3.26 per share a year in monthly payments, a 5.48% yield. $10,000 buys about 168.1 shares, which pay about $45.66 a month ($548 a year).
Which stocks pay dividends every month?
Mostly REITs, business development companies and income ETFs. In our data as of Nov 10, 2026, monthly payers include O, ADC, MAIN, EPR, LTC, APLE, PECO and GLAD, and ETFs such as JEPI, JEPQ, SPYI, QYLD, DIVO and SPHD. The full list is on our monthly dividend stocks page.
Are monthly dividends better than quarterly dividends?
The total is the same for the same yield. Monthly payments line up with bills and let you reinvest a little sooner, which adds a tiny amount over decades. What matters far more is the yield, the growth rate and whether the dividend is safe. You can also get a check every month by owning quarterly payers that pay in different months.
Why does JEPQ's monthly payment change?
JEPQ and similar option-income ETFs pay out what their options strategy earns, which changes with market volatility. Over its last 12 payments, JEPQ's typical payment on $10,000 was about $100.80, but individual months varied. Treat the yield as a recent average, not a promise.
Are monthly dividends taxed differently?
No. Frequency doesn't change the tax. What matters is the type: qualified dividends are taxed at 0%, 15% or 20%, while most REIT and BDC payouts are ordinary income (REIT dividends may get a 20% deduction). Estimate yours with the dividend tax calculator.
For education and planning only, not investment, tax or legal advice. Projections assume constant growth rates; real dividends, prices and tax rules change.