5 Best Monthly Dividend Stocks to Buy According to Analysts

4. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Upside Potential as of March 20: 29.55%
Average Price Target Based on Analyst Ratings: $13.94

Horizon Technology Finance Corporation (NASDAQ:HRZN) is an American venture lending platform that deals in structural debt products for tech companies. On March 15, the company declared a monthly dividend of $0.11 per share, consistent with its previous dividend. The stock has a dividend yield of 12.27%, as of March 20. It is among the best monthly dividend stocks on our list.

In the fourth quarter of 2022, Horizon Technology Finance Corporation (NASDAQ:HRZN) reported revenue of $23.1 million, which showed a 36.5% growth from the same period last year. At the end of December 2022, the company had over $27.7 million available in cash and money market funds.

Horizon Technology Finance Corporation (NASDAQ:HRZN) was a part of 6 hedge fund portfolios in Q4 2022, up from 5 in the previous quarter, as per Insider Monkey’s data. The stakes owned by these hedge funds have a total value of over $9.3 million.

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