5 Monthly Dividend Stocks with Over 4% Yield

4. Stellus Capital Investment Corporation (NYSE:SCM)

Dividend Yield as of October 7: 9.07%

Stellus Capital Investment Corporation (NYSE:SCM) is an externally-managed investment management company that also operates as a business development company. On October 5, the company declared a monthly dividend of $0.0933 per share for a dividend yield of 9.07%, as of October 7. Moreover, the company also announced a special dividend of $0.02 per share. This was the company’s third consecutive year of additional dividends.

In October, Janney Montgomery initiated its coverage of Stellus Capital Investment Corporation (NYSE:SCM) with a Neutral rating, highlighting the company’s growth capital, buyouts, and recapitalizations to middle-market companies. The firm also mentioned that the company is well-positioned from a debt standpoint.

At the end of Q2 2022, 3 hedge funds in Insider Monkey’s database owned stakes in Stellus Capital Investment Corporation (NYSE:SCM), up from 2 in the previous quarter. These stakes hold a collective value of over $1.6 million. Two Sigma Advisors was the company’s leading stakeholder in Q2.