5 Monthly Dividend Stocks Under $10

3. Prospect Capital Corporation (NASDAQ:PSEC)

Share Price as of December 5: $7.72

Prospect Capital Corporation (NASDAQ:PSEC) is a leading business development company, based in New York. The company makes debt and equity investments across the country. The company has been making consistent dividend payments for the past 63 months, which places it as one of the best dividend stocks on our list. Currently, it offers a monthly dividend of $0.06 per share with a dividend yield of 9.34%, as of December 5.

Prospect Capital Corporation (NASDAQ:PSEC) reported a total investment income of $202.6 million in fiscal Q1 2023, which showed a 19.6% growth from the same period last year. The company returned over $1.4 billion to shareholders during the quarter.

As of the close of Q3 2022, 5 hedge funds tracked by Insider Monkey owned stakes in Prospect Capital Corporation (NASDAQ:PSEC), compared with 7 in the previous quarter. The collective value of these stakes is over $10 million. Two Sigma Advisors owned the largest stake in the company in Q3.

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