5 Monthly Dividend Stocks to Buy in September

In this article, we discuss 5 monthly dividend stocks to buy in September. If you want to read our detailed analysis on dividend investing, go directly to read 10 Monthly Dividend Stocks to Buy in September. 

5. Gladstone Capital Corporation (NASDAQ:GLAD)

Dividend Yield as of September 5: 8.16%

Gladstone Capital Corporation (NASDAQ:GLAD) is a Virginia-based business development company that invests in debt and equity securities. The company also provides financing solutions for lower-middle market companies. In fiscal Q3 2022, the company reported a net investment income of $0.2025 per share, compared with $0.195 per share during the same period last year. The company’s total investment income came in at $13.7 million, up 0.8% from the prior-year quarter. At the end of June, it paid over $1.2 million in dividends to shareholders.

On July 18, Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend of $0.0675 per share, in line with its previous dividend. As of September 5, the stock’s dividend yield stood at 8.16%.

In July, Montgomery Scott initiated its coverage on Gladstone Capital Corporation (NASDAQ:GLAD) with a Neutral rating and a $10 price target.

At the end of Q2 2022, 7 hedge funds tracked by Insider Monkey owned stakes in Gladstone Capital Corporation (NASDAQ:GLAD), growing from 3 in the previous quarter. The collective value of these stakes is over $8.2 million, compared with $3.2 million worth of stakes owned by hedge funds in the preceding quarter.