5 Monthly Dividend Stocks with Over 5% Yield

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 performance in the past, go directly to read 12 Monthly Dividend Stocks with Over 5% Yield. 

5. PennantPark Floating Rate Capital Ltd. (NYSE:PFLT)

Dividend Yield as of November 15: 10.95%

An American business development company, PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is next on our list of the best dividend stocks with high dividend yields. The company has been paying uninterrupted dividends to shareholders since 2016 and it currently pays a monthly dividend of $0.1025 per share. The stock’s dividend yield on November 15 came in at 10.95%.

At the end of Q2 2023, 9 hedge funds tracked by Insider Monkey owned investments in PennantPark Floating Rate Capital Ltd. (NYSE:PFLT), growing from 4 in the previous quarter. These stakes have a collective value of roughly $40 million. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q2.

4. Generation Income Properties, Inc. (NASDAQ:GIPR)

Dividend Yield as of November 15: 11.56%

Generation Income Properties, Inc. (NASDAQ:GIPR) is a Florida-based real estate investment trust company that primarily focuses on acquiring, owning, and managing income-producing commercial real estate assets. The company offers a monthly dividend of $0.039 per share and has a dividend yield of 11.56%, as of November 15.

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.

2. Dynex Capital, Inc. (NYSE:DX)

Dividend Yield as of November 15: 13.97%

Dynex Capital, Inc. (NYSE:DX) is an American real estate investment trust company that focuses on investing in mortgage-backed securities (MBS) and other real estate-related assets. The company offers a monthly dividend of $0.13 per share and has a dividend yield of 13.97%, as of November 15. It is among the best dividend stocks with high yields.

As of the end of June 2023, 12 hedge funds in Insider Monkey’s database owned stakes in Dynex Capital, Inc. (NYSE:DX), up from 11 in the previous quarter. The collective value of these stakes is more than $57.7 million.

1. AGNC Investment Corp. (NASDAQ:AGNC)

Dividend Yield as of November 15: 16.61%

AGNC Investment Corp. (NASDAQ:AGNC) tops our list of the best dividend stocks with high yields. The American real estate investment trust company started its dividend policy in 2008 and has paid regular dividends to shareholders since then. It currently pays a monthly dividend of $0.12 per share and has a dividend yield of 16.61%, as of November 15.

As of the end of Q2 2023, 18 hedge funds in Insider Monkey’s database owned stakes in AGNC Investment Corp. (NASDAQ:AGNC), down from 24 in the previous quarter. These stakes have a collective value of over $102.4 million.

You can also take a look at 12 Cheap High Dividend Stocks To Buy Right Now and 11 Cheap New Stocks To Buy