5 Best Monthly Dividend Stocks to Buy in October

2. Gladstone Commercial Corporation (NASDAQ:GOOD)

Dividend Yield as of October 5: 9.21%

Gladstone Commercial Corporation (NASDAQ:GOOD) is a Virginia-based business development company that invests in debt and equity securities. The company currently pays a monthly dividend of $0.1254 per share and has a dividend yield of 9.21%, as of October 5. It is one of the best monthly dividend stocks as it has paid 211 consecutive monthly dividends on its common stock.

In Q2 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) reported an operating cash flow of over $17.4 million, compared with $17.1 million in the previous quarter. The company’s revenue for the quarter stood at $36.4 million, up from $35.5 million in the preceding quarter.

At the end of Q2 2022, 5 hedge funds in Insider Monkey’s database owned stakes in Gladstone Commercial Corporation (NASDAQ:GOOD), down from 8 in the previous quarter. These stakes hold a collective value of $46.8 million. Renaissance Technologies owned the largest stake in the company in Q2.