12 Cheap Monthly Dividend Stocks To Buy

Published on January 14, 2023 at 1:22 pm by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 12 cheap monthly dividend stocks to buy now. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Cheap Monthly Dividend Stocks To Buy.

The fluctuating market conditions have altered investor sentiment, bringing income-generating stocks to the limelight. Moreover, with economists pointing toward the probability of a recession this year, investors are preferring monthly or quarterly dividend stocks to generate stable regular income.

Dividend stocks tend to perform well during periods of slow economic growth. According to a recent report by Franklin Templeton, stocks with strong dividend growth track records are at their best during inflationary periods. The firm is also positive on dividend growth because many companies have the tendency to raise their payouts this year despite slow earnings growth. Another report published by BMO Capital revealed that dividend stocks delivered an annual average return of 7.8% from January 1998 to January 2013, compared to 2.4% return recorded for non-dividend companies in the same period. During this period, the S&P/TSX returned 4.3%, showing the dominance of dividend stocks over other asset classes.

As companies in the S&P 500 distributed a record amount in dividends in 2022, analysts expect the pattern to continue this year as well. Howard Silverblatt, a senior index analyst at S&P Dow Jones Indices, mentioned in his recent Wall Street Journal interview that dividends are expected to notch another record this year as investors are gravitating toward dividend-paying equities. He further mentioned that corporate balance sheets are stable despite elevated interest rates and higher inflation.

Quality companies like Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX) are popular among investors as these companies have shown solid dividend growth over the years and have stable cash position. However, this article will focus on cheap monthly dividend stocks to buy now.

Photo by Nick Chong on Unsplash

Our Methodology:

The stocks mentioned below pay monthly dividends to shareholders and have share prices below $15, as of January 13. These stocks can be good investment options because of their dividend yields and strong dividend policies. The stocks are ranked in an ascending order of their share prices.

12. Banco Bradesco S.A. (NYSE:BBD)

Share Price as of January 13: $2.92

Banco Bradesco S.A. (NYSE:BBD) is a Brazilian financial services company that provides various financial and insurance-related services to its consumers. The company currently pays a monthly dividend of $0.0032 per share for a dividend yield of 2.90%, as of January 13.

In addition to popular dividend stocks like Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX), Banco Bradesco S.A. (NYSE:BBD) can be a good option for dividend portfolios due to its monthly payouts.

In November, JPMorgan upgraded Banco Bradesco S.A. (NYSE:BBD) to Overweight from Neutral with a R$21 price target, highlighting the company’s strong sales momentum in the current market.

In the third quarter of 2022, Banco Bradesco S.A. (NYSE:BBD) reported an operating income of R$7.05 billion. The company’s net interest income of R$16.2 billion showed a 3.7% growth from the same period last year. It is one of the best dividend stocks on our list as it returned R$7.4 billion to shareholders in dividends during the first nine months of the year. The stock’s current share price stands at $2.92, which places it as one of the cheap monthly dividend stocks on our list.

At the end of Q3 2022, 15 hedge funds tracked by Insider Monkey reported owning stakes in Banco Bradesco S.A. (NYSE:BBD), up from 14 in the previous quarter. The collective value of these stakes is over $176 million. Fisher Asset Management was the company’s leading stakeholder in Q3.

11. U.S. Global Investors, Inc. (NASDAQ:GROW)

Share Price as of January 13: $3.03

U.S. Global Investors, Inc. (NASDAQ:GROW) is a Texas-based investment management company that sells mutual funds. The company currently pays a monthly dividend of $0.0075 per share and has a dividend yield of 2.94%, as of January 13. The stock is currently trading at $3.03 per share and is one of the cheap monthly dividend stocks on our list.

In the third quarter of 2022, U.S. Global Investors, Inc. (NASDAQ:GROW) reported revenue of $4.4 million and its net working capital for the quarter came in at $34.6 million. During the quarter, it repurchased nearly 40,000 shares of its class A shares, up 192% from the same period last year. The company’s cash position makes it one of the best dividend stocks on our list.

At the end of Q3 2022, 5 hedge funds in Insider Monkey’s database owned stakes in U.S. Global Investors, Inc. (NASDAQ:GROW), up from 4 in the previous quarter. The collective value of these stakes is nearly $2 million. Royce & Associates was the company’s leading stakeholder in Q3.

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

Share Price as of January 13: $3.53

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a Connecticut-based investment management corporation that also operates as a business development company. In the third quarter of 2022, the company reported a net investment income of $11.4 million, which showed a 16.3% growth from the prior-year period. It had $14.3 million in cash and cash equivalents at the end of September, compared with $9 million in December 2021.

Oxford Square Capital Corp. (NASDAQ:OXSQ) currently pays a quarterly dividend of $0.035 per share and has a dividend yield of 11.73%, as of January 13. The stock is currently trading at $3.53 per share.

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. Among these hedge funds, Two Sigma Advisors owned the largest stake in the company.

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

Share Price as of January 13: $5.20

Generation Income Properties, Inc. (NASDAQ:GIPR) is an American real estate investment that invests in retail, office, and industrial properties. In Q3 2022, the company reported a core FFO of $326,000 or $0.14 per basic diluted share. It had $2.6 million available in cash and cash equivalents at the end of the quarter.

Generation Income Properties, Inc. (NASDAQ:GIPR) is among the cheap monthly dividend stocks as it has a share price of $5.20 as recorded on January 13.

Generation Income Properties, Inc. (NASDAQ:GIPR) started its dividend policy in January 2021 and currently pays a monthly dividend of $0.039 per share. The stock’s dividend yield on January 13 came in at 9.00%.

8. Fortitude Gold Corporation (OTC:FTCO)

Share Price as of January 13: $6.24

Fortitude Gold Corporation (OTC:FTCO) is a Colorado-based gold producer that targets projects with low operating costs and high margins. The company aims to grow organically and remain debt free while distributing substantial dividends to shareholders. Its strong commitment to shareholders makes it one of the best dividend stocks on our list.

Fortitude Gold Corporation (OTC:FTCO) has a dividend policy of returning cash to shareholders while balancing the capital needs of its operations. It currently pays a monthly dividend of $0.04 per share and has a yield of 7.68%, as of January 13.

In the third quarter of 2022, Fortitude Gold Corporation (OTC:FTCO) reported revenue of $16.1 million. At the end of September, the company had over $42.2 million available in cash and cash equivalents. It returned $3 million to shareholders in dividends during the quarter.

7. Prospect Capital Corporation (NASDAQ:PSEC)

Share Price as of January 13: $7.32

Prospect Capital Corporation (NASDAQ:PSEC) is a New York-based business development company that specializes in debt and equity investments across the US. The stock trades at $7.32 per share, becoming one of the cheap monthly dividend stocks to buy now.

On December 30, Prospect Capital Corporation (NASDAQ:PSEC) declared a monthly dividend of $0.06 per share, which fell in line with its previous dividend. The stock’s dividend yield on January 13 came in at 9.78%.

In fiscal Q1 2023, Prospect Capital Corporation (NASDAQ:PSEC) paid $1.4 billion to shareholders in dividends and share repurchases. The company’s total investment income for the quarter came in at $202.6 million, up 19.6% from the same period last year.

As of the close of Q3 2022, 5 hedge funds tracked by Insider Monkey owned stakes in Prospect Capital Corporation (NASDAQ:PSEC), compared with 7 in the previous quarter. The collective value of these stakes is over $10 million. Two Sigma Advisors owned the largest stake in the company in Q3.

6. Gladstone Capital Corporation (NASDAQ:GLAD)

Share Price as of January 13: $10.14

Gladstone Capital Corporation (NASDAQ:GLAD) is a Virginia-based business development company that provides financial services to lower-middle market companies. On January 13, the company declared a monthly dividend of $0.075 per share, up 7.1% from its previous dividend. The company has raised its dividends thrice after slashing its payouts during the pandemic in 2020. The stock’s dividend yield on January 13 came in at 8.89%.

Gladstone Capital Corporation (NASDAQ:GLAD) can be a good investment option for income investors alongside popular dividend stocks like Merck & Co., Inc. (NYSE:MRK), AbbVie Inc. (NYSE:ABBV), and Chevron Corporation (NYSE:CVX).

In fiscal Q4 2022, Gladstone Capital Corporation (NASDAQ:GLAD) posted a net investment income of $0.22, which beat estimates by $0.01. The company’s total investment income was recorded at nearly $16 million, up 11% from the same period last year. At the end of the quarter, it had over $250 million available in the credit facility.

As of the close of Q3 2022, 5 hedge funds tracked by Insider Monkey reported owning stakes in Gladstone Capital Corporation (NASDAQ:GLAD), down from 7 in the previous quarter. The collective value of these stakes is over $3.7 million.

Click to continue reading and see 5 Cheap Monthly Dividend Stocks To Buy.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on September 27, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up