Passive income is a sought-after financial strategy that generates revenue without constant effort, making it ideal for diversification and financial independence. High-yield dividend stocks are attractive with falling interest rates, especially those paying monthly dividends. Consider monthly dividend stocks as rates continue to decrease in 2026 for a steady income stream.

Quality dividend stocks have historically contributed significantly to the S&P 500’s total return, emphasizing the importance of sustainable income and capital appreciation. Agree Realty Corp. is a top choice for investors, offering a 4.13% dividend and strong growth potential. The company focuses on properties leased to industry-leading retail tenants.

Apple Hospitality REIT Inc. stands out with an 8.25% monthly dividend and a diverse portfolio of hotels across the United States. This REIT is a solid choice for income investors looking for stability and growth. EPR Properties invests in experiential properties and offers a 6.76% dividend, making it a unique opportunity for investors seeking a steady income stream.

Main Street Capital Corp. provides flexible capital solutions to private companies, offering a substantial 4.96% dividend. This private equity firm is favored by analysts for its support of lower-middle market companies. Realty Income Corp. is an S&P 500 company that invests in single-tenant commercial properties, providing a reliable 5.48% monthly dividend for growth and income investors.

Read more at Yahoo Finance: Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks