5 Best High-Yield Monthly Dividend Stocks to Buy

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In this article, we will be looking at the 5 best high-yield monthly dividend stocks to buy. If you want to see our detailed analysis of dividend investing, go directly to the 10 Best High-Yield Monthly Dividend Stocks to Buy.

5. PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT)

Number of Hedge Fund Holders: 7
Dividend Yield: 8.7%

PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) is a company operating in the financials sector as a business development entity. It makes secondary direct, debt, equity, and loan investments and ranks 5th on our list of the best high-yield monthly dividend stocks to buy.

This July, Oppenheimer’s Mitchel Penn began covering PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) shares with a Perform rating and a $13 price target, adding that he expected the company to earn a 9% ROE. Ladenburg also has a Buy rating on PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) shares.

In the fiscal second quarter of 2021, PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) had an NII of $0.26, missing estimates by $0.01. The company’s TII was $19.44 million, also missing estimates by $1.08 million. PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) has gained 19.03% in the past 6 months and 26.20% year to date.

By the end of the first quarter of 2021, 7 hedge funds out of the 866 tracked by Insider Monkey held stakes in PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) worth roughly $10.4 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of approximately $10.9 million.


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