10 Best Monthly Dividend Stocks With 5+% Yield

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7. Prospect Capital Corporation (NASDAQ:PSEC)

In Prospect Capital Corporation (NASDAQ:PSEC), 11 investors in our database held long positions worth $26.11 million heading into the second quarter, up from nine funds and $18.85 million, respectively, a quarter earlier. Its stock has a high yield of 12%, based on the $0.08 dividend that Prospect Capital Corporation (NASDAQ:PSEC) pays out every month. Prospect Capital Corporation (NASDAQ:PSEC) is a financial services company that is engaged in investing and lending to middle-market, privately-held companies. For its fiscal third quarter, it reported net investment income of $0.20 per share and distributions of $0.25, which results in a payout ratio of over 120%.

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