5 Best Monthly Dividend Stocks to Buy in June

3. Prospect Capital Corporation (NASDAQ:PSEC)

Number of Hedge Fund Holders: 6
Dividend Yield as of June 7: 9.27%

Prospect Capital Corporation (NASDAQ:PSEC) provides private debt and private equity to middle-market companies in the US and also focuses on direct lending to established companies.

In Q1 2022, Prospect Capital Corporation (NASDAQ:PSEC) posted a net investment income of $87 million, showing growth from $73.4 million recorded during the same period last year. The business development company generated revenue of over $181.4 million, presenting a 13.8% year-over-year growth.

Prospect Capital Corporation (NASDAQ:PSEC) offers a monthly dividend of $0.06 per share. The company reduced its payout by 28% in 2017 but after that, it has managed to sustain its dividends even during the pandemic. In May, the company paid its 60^th consecutive dividends to shareholders. The stock’s dividend yield was recorded at 9.27% on June 7.

At the end of March 2022, Prospect Capital Corporation (NASDAQ:PSEC) experienced a decline in the hedge fund positions, as 6 hedge funds tracked by Insider Monkey owned stakes in the company, compared with 9 funds in Q4 2021. These stakes hold a consolidated value of over $18.4 million.