5 Best December Dividend Stocks to Buy

In this article, we discuss 5 monthly dividend stocks to buy in December. If you want to read our detailed analysis of dividend stocks and their returns over the years, go directly to read 10 Monthly Dividend Stocks to Buy in December. 

5. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of December 6: 7.20%

Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm that provides long-term debt and equity capital to lower-middle market companies. In the third quarter of 2022, the company reported a total investment income of $98.3 million, which presented a 28% growth from the same period last year. Its distributable net investment income came in at $65.8 million.

On November 2, Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend of $0.225 per share, up 2.3% from its previous dividend. The company also announced a supplemental dividend of $0.10 per share, which makes it one of the best dividend stocks on our list. As of December 6, the stock has a dividend yield of 7.20%.

As of the end of September 2022, 8 hedge funds tracked by Insider Monkey owned stakes in Main Street Capital Corporation (NYSE:MAIN), up from 5 in the previous quarter. The collective value of these stakes is over $20.7 million.