5 High-Yield Monthly Dividend Stocks for August

4. SLR Investment Corp. (NASDAQ:SLRC)

Dividend Yield as of August 2: 11.44%

An American business development company, SLR Investment Corp. (NASDAQ:SLRC) reported approximately $9.1 million in cash at the end of Q1 2022. The company generated $304.2 million in free cash flow during the quarter and has access to $765 million of available capital. SLR Investment Corp. (NASDAQ:SLRC) currently pays a monthly dividend of $0.1367 per share, with a dividend yield of 11.44%, as of August 2.

Highlighting the recent pullback in business development stocks, Keefe Bruyette set a $16.50 price target on SLR Investment Corp. (NASDAQ:SLRC) SLR Investment Corp. (NASDAQ:SLRC) in July, with a Market Perform rating on the shares.

The number of hedge funds tracked by Insider Monkey owning stakes in SLR Investment Corp. (NASDAQ:SLRC) stood at 6 in Q1 2022, the same as in the previous quarter. The total value of these stakes jumped to nearly $18 million in Q1, from $17.2 million in Q4 2021.