5 Best December Dividend Stocks to Buy

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1. Prospect Capital Corporation (NASDAQ:PSEC)

Dividend Yield as of December 6: 9.87%

Prospect Capital Corporation (NASDAQ:PSEC) is one of America’s leading business development companies, based in New York. The company specializes in debt and equity investments across the US. It qualifies as one of the best dividend stocks on our list as it has been making consistent dividend payments for the past 63 months. Its monthly dividend currently stands at $0.06 per share for a dividend yield of 9.87%, as of December 6.

In fiscal Q1 2023, Prospect Capital Corporation (NASDAQ:PSEC) reported a total investment income of $202.6 million, which saw a 19.6% growth from the prior-year period. The company paid $1.4 billion to shareholders in dividends and share repurchases during the quarter.

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.

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