5 Cheap Monthly Dividend Stocks with High Yields

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

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) invests in middle-market companies located primarily in the U.S., with proven management teams, competitive market positions, strong cash flow, growth potential, and viable exit strategies.

On November 3, PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) declared a monthly dividend of $0.095 per share, in line with the previous dividend. The stock’s forward dividend yield came in at 10.28%. The dividend is payable on December 1 to shareholders of record as of November 17. 3 hedge funds tracked by Insider Monkey reported having stakes in the company as of the end of the second quarter, compared to 7 funds in the previous quarter.