5 Monthly Dividend Stocks to Buy in August

2. Fortitude Gold Corporation (OTC:FTCO)

Dividend Yield as of August 2: 7.91%

Fortitude Gold Corporation (OTC:FTCO) is a Colorado-based gold producer that focuses on projects with low operating costs and stronger returns.

Fortitude Gold Corporation (OTC:FTCO) initiated its dividend policy in 2021 and currently pays a monthly dividend of $0.04 per share. Ever since starting its dividend payments, the company has raised its payout once in October 2021 by 14%. Moreover, the company paid $11.5 million in dividends last year, which covered 46% of its net income. With this current balance sheet, Fortitude Gold Corporation (OTC:FTCO) is well-positioned to continue its dividends for the next five years smoothly, according to analysts. As of August 2, the stock’s dividend yield came in at 7.91%.