5 Cheap Monthly Dividend Stocks To Buy

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

5. Whitestone REIT (NYSE:WSR)

Share Price as of January 13: $10.31

Whitestone REIT (NYSE:WSR) is a Texas-based real estate investment trust company that develops and manages community-centered properties. In December, the company announced the acquisition of Lake Woodlands Crossing, a retail property in Texas. This would mark the company’s first acquisition in the Houston market.

In the first nine months of the year, Whitestone REIT (NYSE:WSR) reported an operating cash flow of $33.4 million, up from $31.7 million from the same period last year. Its revenue of $35.3 million also presented a 9.1% year-over-year growth. The stock is trading at a share price of $10.31, as of January 13 and is among the cheap monthly dividend stocks on our list.

On December 15, Whitestone REIT (NYSE:WSR) declared a monthly dividend of $0.05 per share, which fell in line with its previous dividend. As of January 13, the stock has a dividend yield of 4.67%.

In December, Truist raised its price target on Whitestone REIT (NYSE:WSR) to $10 and maintained a Hold rating on the shares, highlighting the company’s Q3 earnings and its revenue growth.

At the end of Q3 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Whitestone REIT (NYSE:WSR), with a total value of over $30.2 million. With 1.6 million shares, Highland Capital Management was the company’s leading stakeholder in Q3.

4. AGNC Investment Corp. (NASDAQ:AGNC)

Share Price as of January 13: $11.29

AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company that mainly invests in residential mortgage-based securities on a leveraged basis. In January, Barclays raised its price target on the stock to $12 with an Overweight rating on the shares, presenting a neutral stance on the sector in view of a possible recession.

AGNC Investment Corp. (NASDAQ:AGNC) currently pays a monthly dividend of $0.12 per share and has a dividend yield of 12.81%, as of January 13. The company has cumulatively paid nearly $12 billion in dividends to shareholders since its IPO in 2008.

At the end of September, AGNC Investment Corp. (NASDAQ:AGNC) reported an investment portfolio worth $61.5 billion. The company’s revenue for the third quarter came in at $177 million and its tangible book value stood at $9.08 per share. The stock is among the cheap monthly dividend stocks with an $11.29 per share price, as recorded on January 13.

AGNC Investment Corp. (NASDAQ:AGNC) saw a positive hedge fund sentiment in Q3 2022, as 28 funds tracked by Insider Monkey owned stakes in the company, up from 18 in the previous quarter. These stakes have a total value of over $157.7 million.

3. PennantPark Floating Rate Capital Ltd. (NYSE:PFLT)

Share Price as of January 13: $12.06

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is an American investment management company that invests in US middle-market companies and generates income through them. In fiscal Q4 2022, the company reported a total investment income of $28.7 million, up 33.2% from the same period last year. The company’s cash and cash equivalents for the quarter came in at $48 million and at the end of September, its operating cash flow amounted to $50 million.

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) has been making regular dividend payments to shareholders since 2016. It currently offers a monthly dividend of $0.095 per share and has a dividend yield of 9.45%, as of January 13.

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is trading at a share price of $12.06, as of January 13, becoming one of the cheap monthly dividend stocks on our list.

At the end of Q3 2022, 5 hedge funds in Insider Monkey’s database owned stakes in PennantPark Floating Rate Capital Ltd. (NYSE:PFLT), up from 3 in the previous quarter. These stakes have a total value of over $5.8 million. Citadel Investment Group was one of the company’s leading stakeholders in Q3.

2. Horizon Technology Finance Corporation (NASDAQ:HRZN)

Share Price as of January 13: $12.40

Horizon Technology Finance Corporation (NASDAQ:HRZN) is a Connecticut-based venture lending platform that deals in structural debt products for tech companies. On January 11, the company announced that it has funded over $114 million worth of new loans in Q4 2022, up 8% from the previous quarter. As of January 13, the stock’s share price stands at $12.40, which makes it one of the cheap monthly dividend stocks on our list.

On November 3, Horizon Technology Finance Corporation (NASDAQ:HRZN) announced a 10% hike to its monthly dividend at $0.11 per share and also announced a special dividend of $0.05 per share. The stock’s dividend yield on January 13 came in at 10.62%.

As of the close of Q3 2022, 5 hedge funds tracked by Insider Monkey owned stakes in Horizon Technology Finance Corporation (NASDAQ:HRZN), the same as in the previous quarter. These stakes are worth over $6 million collectively. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q3.

1. Dynex Capital, Inc. (NYSE:DX)

Share Price as of January 13: $14.31

Dynex Capital, Inc. (NYSE:DX) is a real estate investment trust company that invests in mortgage loans. The company is based in Virginia, US. It currently pays a monthly dividend of $0.13 per share and has a dividend yield of 10.93%, as of January 13.

In January, Credit Suisse upgraded Dynex Capital, Inc. (NYSE:DX) to Outperform and also lifted its price target on the stock to $15.50. The firm mentioned that the current market environment is favorable for the mREIT sector.

As of January 13, Dynex Capital, Inc. (NYSE:DX) trades at a per-share price of $14.31 and is among the cheap monthly dividend stocks on our list.

At the end of Q3 2022, 9 hedge funds tracked by Insider Monkey reported owning stakes in Dynex Capital, Inc. (NYSE:DX), holding a total value of over $27.8 million.

You can also take a look at 10 Stocks That Pay Dividends Monthly and 10 Best Fundamental Stocks To Invest In

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