5 Best Monthly Dividend Stocks to Buy for 2022

3. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Number of Hedge Fund Holders: 1
Dividend Yield as of January 30: 8.30%

Horizon Technology Finance Corporation (NASDAQ:HRZN) is a specialty finance company that mainly invests in developmental-stage companies in the tech, healthcare, and IT sectors. The company remains one of the best monthly dividend stocks due to its attractive yield of 8.30% and a special dividend of $0.05 per share, which the company announced in November, in addition to its monthly dividend of $0.10 per share.

In Q3, Horizon Technology Finance Corporation (NASDAQ:HRZN) reported revenue of $16.67 million, which beat estimates by $3.11 million and presented a 35.5% year-over-year growth. The company’s 12-month returns came in at 11.06%, as of January 30’s close.

At the end of Q3, Two Sigma Investors was the only shareholder of Horizon Technology Finance Corporation (NASDAQ:HRZN), owning a $2.5 million worth of stake.