5 Monthly Dividend Stocks with Over 5% Yield

Page 1 of 5

In this article, we discuss 5 monthly dividend stocks with over 5% yield. If you want to read our detailed analysis of dividend stocks and their outlook for 2022, go directly to read 10 Monthly Dividend Stocks with Over 5% Yield

5. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Dividend Yield as of July 8: 10.10%

Horizon Technology Finance Corporation (NASDAQ:HRZN) is a specialty finance company that provides structured debt products to life sciences and tech companies.

Horizon Technology Finance Corporation (NASDAQ:HRZN) has been making dividend distributions consecutively for the past 10 years, with a 5-year track record of paying monthly dividends. The company hasn’t raised its dividends for a long time and is not expected to do so in the next two years as well. However, its payout ratio of 89% has improved from 171.4% in 2020. Horizon Technology Finance Corporation (NASDAQ:HRZN) currently offers a monthly dividend of $0.10 per share, with a yield of 10.10%, as of July 8.

In May, Compass Point upgraded Horizon Technology Finance Corporation (NASDAQ:HRZN) to ‘Neutral’ from ‘Sell’, appreciating the company’s investment interest income growth.

At the end of March 2022, 7 hedge funds owned stakes in Horizon Technology Finance Corporation (NASDAQ:HRZN), up from 6 in the previous quarter, according to Insider Monkey’s data. The collective value of stakes owned by hedge funds stood at over $6.8 million.

Page 1 of 5