5 Monthly Dividend Stocks to Buy in May

3. Gladstone Capital Corporation (NASDAQ:GLAD)

Number of Hedge Fund Holders: 5

Dividend Yield (as of April 29): 6.95%

Gladstone Capital Corporation (NASDAQ:GLAD) is up next on our list of monthly dividend stocks to buy in May. It is a business development company which invests in small and medium-sized businesses in the United States. In early April, Raymond James analyst Robert Dodd initiated coverage of Gladstone Capital Corporation (NASDAQ:GLAD) with a ‘Market Perform’ rating, whilst noting that although recent performance has been solid, he views the shares as fairly valued at current levels.

On April 13, Gladstone Capital Corporation (NASDAQ:GLAD) declared a $0.0675 per share monthly dividend, a 3.8% increase from its prior dividend of $0.0650. This will be payable on April 29, for shareholders of record until April 22. This brings the company’s yield to 6.95% as of April 29.

Reporting its fourth quarter earnings on February 2, Gladstone Capital Corporation (NASDAQ:GLAD) posted an EPS of $0.27, outperforming estimates by $0.07. Quarterly revenue of $16.17 million showed a jump of 25.5% from the year-ago quarter and also beat consensus estimates by $1.65 million.

Two Sigma Advisors held 164,000 shares of Gladstone Capital Corporation (NASDAQ:GLAD) in Q4 2021 with a price tag of $1.89 million which made it the largest shareholder of the firm. In total, 5 hedge funds were long on the company shares in the fourth quarter, up from 4 in the preceding quarter.