Best Monthly Dividend Stock? Apple Hospitality REIT

Apple Hospitality REIT, Inc. (NYSE:APLE) is a real estate investment trust (REIT) specializing in hotel properties across the United States. The company has maintained a steady dividend payout since 2008, currently offering a monthly dividend of $0.08 per share, alongside a supplemental dividend of $0.05 per share. APLE benefits from strong business and leisure travel demand, which has contributed to stable financial performance, including a 5.75% year-over-year revenue increase in Q3 2024. Analysts have a positive outlook on the stock due to its defensive characteristics, high-quality portfolio, and potential growth in revenue per available room (RevPAR). As of Q3 2024, 19 hedge funds held stakes in the company, reflecting strong investor confidence. Apple Hospitality REIT ranks seventh among the best monthly dividend stocks to buy, making it an attractive option for income-focused investors.