5 Best Stocks That Pay Monthly Dividends

4. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of August 30: 6.12%

Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm. At the end of Q2 2022, 5 hedge funds in Insider Monkey’s database invested in the company, down from 9 in the previous quarter. These investments are collectively valued at $19.3 million.

On August 4, Main Street Capital Corporation (NYSE:MAIN) reported its Q2 results, posting a total investment income of $85.2 million which showed a 26.6% year-over-year growth. The company had aggregate liquidity of $518.4 million while its cash and cash equivalents stood at $475 million at the end of June.

Main Street Capital Corporation (NYSE:MAIN) raised its monthly dividend by 2.31% in August to $0.22 per share. In addition to this, the company also announced an additional dividend of $0.10 per share, which marked the company’s fourth consecutive year of supplemental dividends. As of August 30, the stock’s dividend yield came in at 6.12%.