5 Cheap Monthly Dividend Stocks to Buy

3. Gladstone Capital Corporation (NYSE:GLAD)

P/E Ratio (TTM): 8.83

Gladstone Capital Corporation (NYSE:GLAD) is an American business development company that specializes in providing debt and equity financing to lower middle-market companies. The company’s monthly dividend currently comes in at $0.0825 per share and has a dividend yield of 9.83%, as of November 17.

According to Insider Monkey’s database of Q2 2023, 5 hedge funds owned stakes in Gladstone Capital Corporation (NYSE:GLAD), the same as in the previous quarter. These stakes are collectively valued at roughly $11 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q2.

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