10 Highest-Paying Monthly Dividend Stocks

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5. Oxford Square Capital Corp. (NASDAQ:OXSQ)

Dividend Yield as of November 23: 14.02%

Oxford Square Capital Corp. (NASDAQ:OXSQ) is an investment management company that also operated as a business development organization. The company reported strong results in Q3 2022, posting a total investment income of $11.4 million, up 16.3% from the same period last year. It had over $14.3 million available in cash and cash equivalents at the end of September, compared with $9 million nine months ago.

On November 7, Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend of $0.035 per share, which fell in line with its previous dividend. The stock has a dividend yield of 14.02%, as of November 23.

At the end of Q3 2022, 4 hedge funds tracked by Insider Monkey owned stakes in Oxford Square Capital Corp. (NASDAQ:OXSQ), growing from 2 in the previous quarter. The collective value of these stakes is over $1.6 million.

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