In this article, we discuss 5 monthly dividend stocks to buy in December. If you want to read our detailed analysis of dividend stocks and their returns over the years, go directly to read 10 Monthly Dividend Stocks to Buy in December.
5. Main Street Capital Corporation (NYSE:MAIN)
Dividend Yield as of December 6: 7.20%
Main Street Capital Corporation (NYSE:MAIN) is a Texas-based principal investment firm that provides long-term debt and equity capital to lower-middle market companies. In the third quarter of 2022, the company reported a total investment income of $98.3 million, which presented a 28% growth from the same period last year. Its distributable net investment income came in at $65.8 million.
On November 2, Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend of $0.225 per share, up 2.3% from its previous dividend. The company also announced a supplemental dividend of $0.10 per share, which makes it one of the best dividend stocks on our list. As of December 6, the stock has a dividend yield of 7.20%.
As of the end of September 2022, 8 hedge funds tracked by Insider Monkey owned stakes in Main Street Capital Corporation (NYSE:MAIN), up from 5 in the previous quarter. The collective value of these stakes is over $20.7 million.
Follow Main Street Capital Corp (NYSE:MAIN)
Follow Main Street Capital Corp (NYSE:MAIN)
4. EPR Properties (NYSE:EPR)
Dividend Yield as of December 6: 8.14%
EPR Properties (NYSE:EPR) is a Missouri-based real estate investment trust company that invests in entertainment properties across the US. The company currently pays a monthly dividend of $0.275 per share and has a dividend yield of 8.14%, as of December 6.
EPR Properties (NYSE:EPR) reported earnings beat in Q3 2022. It posted an FFO of $1.22 and revenue of $161.4 million, which beat Street estimates by $0.09 and $5.97, respectively. The company’s revenue also presented a 15.6% growth from the same period last year. At the end of September, it had over $160.8 million available in cash.
In August, BofA maintained a Buy rating on EPR Properties (NYSE:EPR) with a $55 price target, as the theater audience was expected to increase post-pandemic.
At the end of Q3 2022, 25 hedge funds tracked by Insider Monkey were bullish on EPR Properties (NYSE:EPR), compared with 22 in the previous quarter. The stakes owned by these funds are worth over $153.8 million collectively.
Follow Epr Properties (NYSE:EPR)
Follow Epr Properties (NYSE:EPR)
3. Gladstone Capital Corporation (NASDAQ:GLAD)
Dividend Yield as of December 6: 8.51%
Gladstone Capital Corporation (NASDAQ:GLAD) is a Virginia-based company that provides financial solutions for lower-middle market companies worldwide.
On October 19, Gladstone Capital Corporation (NASDAQ:GLAD) announced a 3.7% hike in its monthly dividend to $0.07 per share. This was the company’s second consecutive year of dividend growth after the pandemic of 2020. The stock’s dividend yield on December 6 came in at 8.51%.
As per Insider Monkey’s database, 5 hedge funds owned investments in Gladstone Capital Corporation (NASDAQ:GLAD) in Q3 2022, compared with 7 in the previous quarter. The collective value of stakes owned by these funds came in at $3.7 million.
Follow Gladstone Investment Corporation
Follow Gladstone Investment Corporation
2. SL Green Realty Corp. (NYSE:SLG)
Dividend Yield as of December 6: 8.75%
SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust company that invests in office buildings and shopping centers. In December, BMO Capital maintained a Market Perform rating on the stock with a $41 price target, highlighting the company’s improved performance in recent quarters.
In Q3 2022, SL Green Realty Corp. (NYSE:SLG) posted an FFO of $1.66, which surpassed Street estimates by $0.01. The company’s revenue came in at $212.4 million, up 3.5% from the same period last year. It had $201 million available in cash and cash equivalents at the end of September and its total assets stood at $12.7 billion.
SL Green Realty Corp. (NYSE:SLG) has been raising its dividends consistently for the past 11 years. The company pays a monthly dividend of $0.2708 per share and has a dividend yield of 8.75%, as of December 6.
SL Green Realty Corp. (NYSE:SLG) saw growth in hedge fund positions in Q3 2022, as 23 funds tracked by Insider Monkey owned stakes in the company, up from 18 in the previous quarter. These stakes have a total value of nearly $184 million. With 1.3 million shares, Marshall Wace LLP was the company’s leading stakeholder in Q3.
Follow Sl Green Realty Corp (NYSE:SLG)
Follow Sl Green Realty Corp (NYSE:SLG)
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.
Follow Prospect Capital Corp (NASDAQ:PSEC)
Follow Prospect Capital Corp (NASDAQ:PSEC)
You can also take a look at 12 Monthly Dividend Stocks Under $10 and 11 Best Canadian Dividend Stocks To Buy Now
