5 Monthly Dividend Stocks to Buy in August

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1. Stellus Capital Investment Corporation (NYSE:SCM)

Dividend Yield as of August 2: 8.39%

Stellus Capital Investment Corporation (NYSE:SCM) is an American investment management firm that also operates as a business development company.

In Q1 2022, Stellus Capital Investment Corporation (NYSE:SCM) reported $62.9 million in cash from operating activities, up from $26 million in the previous quarter. The company ended the quarter with cash and cash equivalents of over $24.6 million and total assets of $866.6 million. On July 14, Stellus Capital Investment Corporation (NYSE:SCM) declared a monthly dividend of $0.0933 per share, with an additional dividend of $0.02 per share. The company’s dividends are well-covered with a payout ratio of 88%. As of August 2, the stock’s dividend yield came in at 8.39%.

At the end of the first quarter of 2022, 2 hedge funds in Insider Monkey’s database owned stakes in Stellus Capital Investment Corporation (NYSE:SCM), valued at roughly $1.6 million. With stakes worth over $1.4 million, Two Sigma Advisors was the company’s largest stakeholder in Q1.

You can also take a look at 11 Best Crypto Stocks To Buy Now and 10 Small-Cap Stocks to Buy According to Billionaire Steve Cohen

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