10 Highest-Paying Monthly Dividend Stocks

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In this article, we discuss 10 highest-paying monthly dividend stocks. If you want to read our detailed analysis of dividend stocks and their returns in the past, go directly to read 25 Highest-Paying Monthly Dividend Stocks

10. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Dividend Yield as of November 23: 10.05%

Horizon Technology Finance Corporation (NASDAQ:HRZN) is an American specialty finance company that specializes in structural debt products for life sciences and tech companies. Janne Montgomery initiated its coverage on the stock in October with a Neutral rating, appreciating the company’s strong brand and greater venture debt space.

On November 3, Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a monthly dividend of $0.11 per share, having raised it by 10%. This was the first time the company raised its payout since 2016. However, it has been making consistent dividend payments to shareholders for the past 10 years, which makes it one of the best highest-paying monthly dividend stocks. The stock’s dividend yield on November 23 came in at 10.05%.

In Q3 2022, Horizon Technology Finance Corporation (NASDAQ:HRZN) reported a total investment income of $23.2 million, which saw a 39.5% growth from the same period last year. The company had $31.6 million available in cash. Its total investment portfolio for the quarter is worth over $634.6 million.

As of the close of Q3 2022, 5 hedge funds tracked by Insider Monkey owned stakes in Horizon Technology Finance Corporation (NASDAQ:HRZN), the same as in the previous quarter. These stakes are worth over $6 million collectively.

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