5 Cheap Monthly Dividend Stocks to Buy

2. Main Street Capital Corporation (NYSE:MAIN)

P/E Ratio (TTM): 8.16

An American business development company, Main Street Capital Corporation (NYSE:MAIN) has been growing its dividends for three consecutive months. It currently offers a monthly dividend of $0.24 per share and has a dividend yield of 6.95%, as of November 17.

The number of hedge funds tracked by Insider Monkey owning stakes in Main Street Capital Corporation (NYSE:MAIN) jumped to 12 in Q2 2023, from 9 in the previous quarter. The collective value of these stakes is more than $51.3 million. Citadel Investment Group was one of the company’s leading stakeholders at the end of the second quarter.

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