5 Stocks that Pay Dividends Monthly

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In this article we discuss the top 5 stocks that pay dividends monthly. If you want to read our comprehensive analysis of these companies, go directly to the 10 Stocks That Pay Dividends Monthly.

5. NexPoint Strategic Opportunities Fund (NYSE: NHF)

Number of Hedge Fund Holders: 5
Dividend Yield: 5.03%

NexPoint Strategic Opportunities Fund (NYSE: NHF) operates as a listed company seeking capital appreciation and current income for its investors. Its assets were worth $746 million, while its investment was just shy of $700 million as of December 31, 2012. The company announced a monthly dividend of $0.05 per share, which is in line with the previous monthly dividend payout.

Some of the company’s key developments so far this year include the announcement of the completion of its common shares tender offer in exchange for 80% newly-issued 5.50%  Series A Preferred Shares and 20% cash. The initial results of the exchange offer reveal that NexPoint Strategic Opportunities Fund expects a common share repurchase of around 9 million shares priced at $12.00 per share, which means the repurchase cost $108 million.


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