5 High Growth Monthly Dividend Stocks to Buy

2. Stellus Capital Investment Corporation (NYSE:SCM)

Quarterly Revenue Growth (yoy): 34.9%

Stellus Capital Investment Corporation (NYSE:SCM) is an American business development company that focuses on offering debt and equity capital to support the growth, expansion, or recapitalization of these middle-market businesses. The company offers a monthly dividend of $0.1333 per share and has a dividend yield of 11.95%, as recorded on January 8. With a year-over-year revenue growth of 34.9%, SCM is one of the best high growth stocks to buy.

As of the close of Q3 2023, 6 hedge funds tracked by Insider Monkey held investments in Stellus Capital Investment Corporation (NYSE:SCM), up from 4 in the previous quarter. The overall value of these stakes is over $14 million. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q3.

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