10 Highest-Paying Monthly Dividend Stocks

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9. SLR Investment Corp. (NASDAQ:SLRC)

Dividend Yield as of November 23: 11.43%

SLR Investment Corp. (NASDAQ:SLRC) is a yield-oriented business development company that invests in senior secured loans of private middle market companies. The company currently pays a monthly dividend of $0.1367 per share for a dividend yield of 11.43%, as recorded on November 23.

In November, Compass Point upgraded SLR Investment Corp. (NASDAQ:SLRC) to Buy with a $15.75 price target. The firm appreciated the company’s diversified institutional-quality platform and shareholder-friendly fee structure.

In the third quarter of 2022, SLR Investment Corp. (NASDAQ:SLRC) reported a total investment income of $47.5 million, which showed a 47.9% growth from the prior-year period. The company ended the quarter with nearly $267 million available in cash and cash equivalents.

As of the end of the September quarter, 8 hedge funds tracked by Insider Monkey presented a bullish stance on SLR Investment Corp. (NASDAQ:SLRC), up from 7 in the previous quarter. The stakes owned by these hedge funds have a total value of over $11 million. Two Sigma Advisors owned the largest stake in the company in Q3.

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