In this article, we discuss 5 high growth monthly dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 High Growth Monthly Dividend Stocks to Buy.
5. Generation Income Properties, Inc. (NASDAQ:GIPR)
Quarterly Revenue Growth (yoy): 25.1%
Generation Income Properties, Inc. (NASDAQ:GIPR) is a Florida-based real estate investment trust company that is focused on acquiring and managing a portfolio of commercial real estate properties in the US. The company pays a monthly dividend of $0.039 per share and has a dividend yield of 11.7%, as of January 8. It is among the best high growth stocks on our list as the company’s revenue for the most recent quarter showed a 25.1% growth on a year-over-year basis.
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4. Horizon Technology Finance Corporation (NASDAQ:HRZN)
Quarterly Revenue Growth (yoy): 25.3%
Horizon Technology Finance Corporation (NASDAQ:HRZN) is a specialty finance company that provides capital and financing solutions to early to late-stage technology and life sciences companies. It is one of the best high growth stocks on our list as the company revenue for the third quarter jumped by 25.3% on a year-over-year basis. The company currently pays a monthly dividend of $0.11 per share and has a dividend yield of 9.69%, as of January 8.
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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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2. Stellus Capital Investment Corporation (NYSE:SCM)
Quarterly Revenue Growth (yoy): 34.9%
Stellus Capital Investment Corporation (NYSE:SCM) is an American business development company that focuses on offering debt and equity capital to support the growth, expansion, or recapitalization of these middle-market businesses. The company offers a monthly dividend of $0.1333 per share and has a dividend yield of 11.95%, as recorded on January 8. With a year-over-year revenue growth of 34.9%, SCM is one of the best high growth stocks to buy.
As of the close of Q3 2023, 6 hedge funds tracked by Insider Monkey held investments in Stellus Capital Investment Corporation (NYSE:SCM), up from 4 in the previous quarter. The overall value of these stakes is over $14 million. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q3.
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1. Gladstone Capital Corporation (NASDAQ:GLAD)
Quarterly Revenue Growth (yoy): 49%
Gladstone Capital Corporation (NASDAQ:GLAD) tops our list of the best high growth stocks to buy. The American business development company offers a monthly dividend of $0.0825 per share with a dividend yield of 9.06%, as of January 8. In the third quarter of 2023, it generated $23.7 million in revenues, which showed a 49% growth from the same period last year.
According to Insider Monkey’s database of the third quarter of 2023, 8 hedge funds owned stakes in Gladstone Capital Corporation (NASDAQ:GLAD), up from 5 in the preceding quarter. These stakes have a total value of $28.6 million.
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You can also take a look at 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts and 12 Best Artificial Intelligence Stocks To Buy for 2024 According to Financial Media
