With inflation remaining sticky and monthly expenses rising, retirees are increasingly turning to high-yield monthly dividend stocks for reliable passive income. A recent analysis identified five safe dividend stocks that combine dependable monthly payments with upside appreciation potential. These companies have consistently paid dividends for years, providing retirees with predictable income streams to cover recurring bills like utilities, rent, and groceries.

Realty Income leads the list with a 5.21% dividend yield and over 55 years of monthly dividend payments. The real estate investment trust owns more than 15,000 properties across the United States, United Kingdom, and Europe, leased primarily to defensive retailers. Deutsche Bank maintains a Buy rating with a $69 target price. Main Street Capital follows with a 4.89% yield, having helped over 200 private companies grow through flexible equity and debt solutions. The business development company focuses on lower-middle-market companies with revenues between $10 million and $150 million.

Stag Industrial offers a 3.80% yield through its industrial REIT model, owning approximately 590 buildings totaling 116.6 million rentable square feet across 41 states. Evercore ISI rates it Outperform with a $42 target. Agree Realty Corporation rounds out the list with a 4.13% yield and over 2,370 single-tenant retail properties leased to investment-grade retailers like Walmart and CVS. These monthly dividend stocks provide retirees with both income stability and potential capital appreciation in an uncertain market.