In this article, we discuss 5 best monthly dividend stocks to buy in June. If you want to read our detailed analysis of dividend-paying stocks and their total returns over the years, go directly to read 10 Best Monthly Dividend Stocks to Buy in June.
5. EPR Properties (NYSE:EPR)
Number of Hedge Fund Holders: 25
Dividend Yield as of June 7: 6.56%
EPR Properties (NYSE:EPR) is a leading real estate investment trust which invests in amusement parks, ski resorts, and movie theatres. The company plans on expanding its footprint in Canada, as it recently announced acquiring a waterpark in Ontario for $142 million.
On May 16, EPR Properties (NYSE:EPR) announced a monthly dividend of $0.275 per share, in line with its previous dividend. In March, the company raised its monthly dividend by 10%, coming through as one of the best monthly dividend stocks. The stock offers a dividend yield of 6.56%, as of the close of June 7.
EPR Properties (NYSE:EPR) announced its first-quarter 2022 earnings on May 4, posting an FFO of $1.16, which beat estimates by $0.13. For FY22, the company expects an FFO within the range of $4.39 to $4.55 and also confirmed investment spending guidance between $500 million and $700 million.
The number of hedge funds tracked by Insider Monkey holding stakes in EPR Properties (NYSE:EPR) stood at 25 in Q1 2022, up from 22 in the previous quarter. These stakes hold a collective value of $225.5 million. Among these hedge funds, Israel Englander, Steve Cohen, and Matthew Barrett are some of the major stakeholders of the Missouri-based company in Q1 2022.
4. Main Street Capital Corporation (NYSE:MAIN)
Number of Hedge Fund Holders: 9
Dividend Yield as of June 7: 6.74%
Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm that provides debt and equity capital to lower and middle-market companies. In Q1 2022, the company reported solid results, posting a net investment income of $52.2 million, up from $39.7 million recorded in the same period last year. Its total investment income of $79.4 million showcased a 26.4% year-over-year growth.
On May 3, Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend of $0.215 per share, consistent with the previous dividend. Along with this, the company also announced a supplemental dividend of $0.075 per share, payable to shareholders on June 30. The inclusion of this special dividend takes the company’s payout ratio to 94%. As of June 7, the stock’s dividend yield came to be recorded at 6.74%.
In March, Hovde Group initiated its coverage on Main Street Capital Corporation (NYSE:MAIN) with a Market Perform rating and a $44 price target.
At the end of Q1 2022, 9 hedge funds in Insider Monkey’s database were bullish on Main Street Capital Corporation (NYSE:MAIN), the same as in the previous quarter. The collective value of these stakes stood at over $48.4 million, up from nearly $32 million worth of stakes held by hedge funds in Q4 2021. Millennium Management held the largest position in the company at the end of March 2022, with stakes valued at roughly $17.8 million.
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 60th 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.
2. Dynex Capital, Inc. (NYSE:DX)
Number of Hedge Fund Holders: 6
Dividend Yield as of June 7: 9.68%
Dynex Capital, Inc. (NYSE:DX) is a real estate investment trust that invests in mortgage-based securities on a leveraged basis. The company currently pays a monthly dividend of $0.13 per share, slashing it by 13% in 2020 due to the pandemic-induced financial instability. As of June 7, the stock offered an attractive yield of 9.68%.
This April, Jones Trading set a $19 price target on Dynex Capital, Inc. (NYSE:DX) with a Buy rating on the shares, as the company book value per common share showed growth from $17.99 to $18.24 in Q1 2022. The firm further expects growth in its book value through 2022.
With stakes worth roughly $19 million, 6 hedge funds in Insider Monkey’s database owned positions in Dynex Capital, Inc. (NYSE:DX) in Q1 2022. In the previous quarter, 4 hedge funds held stakes in the Virginia-based company, valued at over $2 million. Among these hedge funds, Balyasny Asset Management was the company’s largest stakeholder in the first quarter, with stakes worth over $11.6 million.
1. Broadmark Realty Capital Inc. (NYSE:BRMK)
Number of Hedge Fund Holders: 7
Dividend Yield as of June 7: 11.54%
A real estate finance company, Broadmark Realty Capital Inc. (NYSE:BRMK) provides financial solutions to consumers for commercial and residential real estate opportunities throughout the US.
Broadmark Realty Capital Inc. (NYSE:BRMK) currently pays a monthly dividend of $0.07 per share, having raised it by 17% in January 2021. As of the close of June 7, the stock’s dividend yield was recorded at 11.54%, compared with the average dividend yield of 4.46% in the real estate sector.
As per Insider Monkey’s Q1 2022 database, 7 hedge funds reported owning stakes in Broadmark Realty Capital Inc. (NYSE:BRMK), down from 11 in the previous quarter. These stakes hold a consolidated value of over $50 million. Thomas Steyer’s Farallon Capital was the company’s leading shareholder in Q1, holding stakes worth $40.9 million.
You can also take a look at 10 Best Safe Blue Chip Dividend Stocks and 10 Best Stocks to Buy With 50+ Years of Dividend Increases
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