5 Under-the-Radar High Dividend Stocks to Buy

3. Main Street Capital Corporation (NYSE:MAIN)

Dividend Yield as of March 13: 7.11%

Main Street Capital Corporation (NYSE:MAIN) is another best high-dividend stock on our list. The principal investment firm currently pays a monthly dividend of $0.225 per share and has a dividend yield of 7.11%, as of March 13. On February 22, it also announced a supplemental dividend of $0.175 per share.

In February, Truist lifted its price target on the stock to $43 with a Hold rating on the shares, appreciating the company’s long-term execution. The firm also presented a positive outlook for the company’s net interest income.

In the fourth quarter of 2022, Main Street Capital Corporation (NYSE:MAIN) reported a total investment income of $113.8 million, which showed a 38.6% growth from the same period last year. At the end of December 2022, the company had nearly $50 million available in cash and cash equivalents.

The number of hedge funds tracked by Insider Monkey owning stakes in Main Street Capital Corporation (NYSE:MAIN) grew to 11 in Q4 2022, from 8 in the previous quarter. The collective value of these stakes is over $30 million. Ken Griffin and Kenneth A. Moffet were two of the company’s leading stakeholders in Q4.