5 High Growth Monthly Dividend Stocks to Buy

3. Main Street Capital Corporation (NYSE:MAIN)

Quarterly Revenue Growth (yoy): 25.3%

Main Street Capital Corporation (NYSE:MAIN) is a business development company that provides long-term debt and equity capital to lower middle-market companies in the US. The company has been growing its dividends for the past three consecutive months and currently offers a monthly dividend of $0.24 per share. As of January 8, the stock has a dividend yield of 6.59%. In the third quarter of 2023, the company reported revenue of $123.2 million, which showed a 25.3% growth from the same period last year.

As of the close of the third quarter of 2023, 12 hedge funds in Insider Monkey’s database reported having stakes in Main Street Capital Corporation (NYSE:MAIN), which remained unchanged from the previous quarter. These stakes have a total value of more than $58.3 million.

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