5 Monthly Dividend Stocks with Over 5% Yield

3. Prospect Capital Corporation (NASDAQ:PSEC)

Dividend Yield as of November 15: 12.39%

Prospect Capital Corporation (NASDAQ:PSEC) operates as a closed-end, non-diversified management investment company that elects to be regulated as a business development company. The company provides financing to middle-market companies through a combination of debt and equity investments.

On November 8, Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend of $0.08 per share, which was consistent with its previous dividend. The company has been making regular dividend payments for the past 71 months, which makes PSEC one of the best dividend stocks on our list. As of November 15, the stock has a dividend yield of 12.39%.

Prospect Capital Corporation (NASDAQ:PSEC) was a part of 4 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $4.3 million. McKinley Capital Management was the largest stakeholder of the company in Q2.

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