5 Cheap Monthly Dividend Stocks with High Yields

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In this article, we discuss the 5 cheap monthly dividend stocks with high yields. If you want our detailed analysis of these stocks, go directly to 10 Cheap Monthly Dividend Stocks with High Yields

5. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Horizon Technology Finance Corporation (NASDAQ:HRZN), based in Connecticut, specializes in lending. Trading at $13.14 as of November 5, the stock has a dividend yield of about 9%. Despite rising interest rates and inflation, the company recently announced a hike of 10% in its monthly dividend. The company declared a dividend of $0.11 per share, as compared to its previous dividend of $0.10. The dividend is payable on January 13, February 15 and March 15.

This is in addition to the special dividend of $0.05 per share which is to be paid on Dec. 15. This makes Horizon Technology Finance Corporation (NASDAQ:HRZN) one of the best monthly dividend stocks.

As of the end of the second quarter of this year, 5 hedge funds tracked by Insider Monkey had stakes in the company, compared to 7 funds in the previous quarter.

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