5 High Yield Monthly Dividend Stocks to Buy in August

In this article, we will be looking at 5 high yield monthly dividend stocks to buy in August. To see our detailed analysis of these stocks and dividend investing, you can go directly to the 10 High Yield Monthly Dividend Stocks to Buy in August.

5. Oxford Square Capital Corp. (NASDAQ: OXSQ)

Number of Hedge Fund Holders: 5
Dividend Yield: 9%

Oxford Square Capital Corp. (NASDAQ: OXSQ), a business development company working as a closed-end, non-diversified management investment company, is next on our list of high yield monthly dividend stocks to buy in August and ranks 5th. The company focuses on secured and unsecured senior debt, subordinated debt, preferred stock, common stock, and other areas.

Ladenburg holds a Neutral rating on shares of Oxford Square Capital Corp. (NASDAQ: OXSQ). In the second quarter of 2021, Oxford Square Capital Corp. (NASDAQ: OXSQ) had an NII of $0.06, missing estimates by $0.05. The company’s TII was $7.84 million, also missing estimates by $1.96 million. Oxford Square Capital Corp. (NASDAQ: OXSQ) has gained 20.15% in the past 6 months and 48.11% year to date.

By the end of the first quarter of 2021, 5 hedge funds out of the 866 tracked by Insider Monkey held stakes in Oxford Square Capital Corp. (NASDAQ: OXSQ) worth roughly $4.03 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of approximately $3.33 million.