5 Monthly Dividend Stocks to Buy in August

4. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of August 2: 5.80%

Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm that provides long-term debt and equity capital solutions to middle market companies.

Main Street Capital Corporation (NYSE:MAIN) reported cash from operating activities at $24.4 million, up from $20.7 million during the same period in 2021. The company had cash and cash equivalents of nearly $18 million at the end of Q1, with total assets standing at over $3.78 billion. Main Street Capital Corporation (NYSE:MAIN) paid $15.5 million in dividends during the quarter, which also includes its supplemental dividend of $0.075 per share.

On August 2, Main Street Capital Corporation (NYSE:MAIN) declared a 2.3% hike in its monthly dividend to $0.22 per share. The company also announced a special dividend of $0.10 per share, which marked the company’s third consecutive year of paying supplemental dividends to shareholders. As of August 2, the stock’s dividend yield came in at 5.80%.

At the end of Q1 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Main Street Capital Corporation (NYSE:MAIN), the same as in the previous quarter. These stakes are collectively valued at over $48.4 million. Israel Englander and Ken Griffin were amongst the company’s prominent stakeholders in Q1.