In this article, we discuss 5 monthly dividend stocks to buy in September. If you want to read our detailed analysis on dividend investing, go directly to read 10 Monthly Dividend Stocks to Buy in September.
5. Gladstone Capital Corporation (NASDAQ:GLAD)
Dividend Yield as of September 5: 8.16%
Gladstone Capital Corporation (NASDAQ:GLAD) is a Virginia-based business development company that invests in debt and equity securities. The company also provides financing solutions for lower-middle market companies. In fiscal Q3 2022, the company reported a net investment income of $0.2025 per share, compared with $0.195 per share during the same period last year. The company’s total investment income came in at $13.7 million, up 0.8% from the prior-year quarter. At the end of June, it paid over $1.2 million in dividends to shareholders.
On July 18, Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend of $0.0675 per share, in line with its previous dividend. As of September 5, the stock’s dividend yield stood at 8.16%.
In July, Montgomery Scott initiated its coverage on Gladstone Capital Corporation (NASDAQ:GLAD) with a Neutral rating and a $10 price target.
At the end of Q2 2022, 7 hedge funds tracked by Insider Monkey owned stakes in Gladstone Capital Corporation (NASDAQ:GLAD), growing from 3 in the previous quarter. The collective value of these stakes is over $8.2 million, compared with $3.2 million worth of stakes owned by hedge funds in the preceding quarter.
4. SL Green Realty Corp. (NYSE:SLG)
Dividend Yield as of September 5: 8.41%
SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust that invests in office buildings and shopping centers in New York. The company pays a monthly dividend of $0.3108 per share and has a yield of 8.41%, as of September 5. In the past five years, the company has raised its dividends at a CAGR of 3%.
In its recently reported Q2 results, SL Green Realty Corp. (NYSE:SLG) posted an FFO of $1.87 and its revenue stood at $201.4 million. At the end of the quarter, the company reported nearly $190 million in cash and cash equivalents, and its total assets amounted to over $10.7 billion. It generated a same-store net operating income of over $150.5 million during the quarter, compared with $138 million in the previous quarter.
In July, Deutsche Bank maintained its Buy rating on SL Green Realty Corp. (NYSE:SLG) but showed concerns regarding office real estate investment trust companies.
At the end of Q2 2022, 18 hedge funds tracked by Insider Monkey owned investments in SL Green Realty Corp. (NYSE:SLG), the same as in the previous quarter. These investments are collectively valued at over $120.7 million. LDR Capital was the company’s major stakeholder in Q2, owning stakes worth over $28.7 million.
3. Sabine Royalty Trust (NYSE:SBR)
Dividend Yield as of September 5: 8.57%
Sabine Royalty Trust (NYSE:SBR) is a Texas-based firm that holds royalty and mineral interests in various oil and gas properties across the country. At the end of Q2 2022, the company reported cash and short-term investments of over $11.2 million and its total assets amounted to over $11.3 million. The company’s distributable income for the quarter came in at $27.3 million. Its royalty income grew by 116% from the prior-year quarter to $15.07 million.
On August 5, Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend of $0.8294 per share, up 50.8% from the same period last year. As of September 5, the stock’s dividend yield stood at 8.57%.
As of the close of Q2 2022, 4 hedge funds tracked by Insider Monkey owned stakes in Sabine Royalty Trust (NYSE:SBR), the same as in the previous quarter. These stakes hold a consolidated value of over $6.8 million. With stakes worth $3.2 million, Royce & Associates was the company’s leading stakeholder in Q2.
2. AGNC Investment Corp. (NASDAQ:AGNC)
Dividend Yield as of September 5: 12.23%
AGNC Investment Corp. (NASDAQ:AGNC) is a Maryland-based real estate investment trust that invests in agency residential mortgage-backed securities on a leveraged basis. The company has been a dividend-payer since 2008, with its payouts holding a cumulative value of over $11.8 billion. It currently pays a monthly dividend of $0.12 per share, with a dividend yield of 12.23%, as recorded on September 5.
In Q2 2022, AGNC Investment Corp. (NASDAQ:AGNC) reported revenue of $315 million, which showed a 35.8% year-over-year growth. The company repurchased 4.7 million of its common shares at a total price of over $51 million. In addition to this, its investment portfolio holds a total value of over $61.3 billion.
In June, Keefe Bruyette upgraded AGNC Investment Corp. (NASDAQ:AGNC) to Market Perform while raising its price target to $13.25.
The number of hedge funds tracked by Insider Monkey owning stakes in AGNC Investment Corp. (NASDAQ:AGNC) jumped to 18 in Q2 2022, from 14 in the previous quarter. The collective value of these stakes is over $192.4 million. Citadel Investment Group owned the largest stake in the company, worth $51.4 million.
1. Broadmark Realty Capital Inc. (NYSE:BRMK)
Dividend Yield as of September 5: 13.48%
Broadmark Realty Capital Inc. (NYSE:BRMK) is a Washington-based specialty real estate finance company that generally provides financial solutions to its consumers. The stock was initiated with a Neutral at Piper Sandler this June and a $7 price target as the company shows long-term investment opportunities in this uncertain environment.
At the end of June 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) reported $36 million in cash and cash equivalents and a fully drawn $135 million in the credit facility. The company’s revenue for the quarter came in at over $28.5 million, of which $22.1 million represented its net income. It paid $9.3 million in dividends during the quarter.
Broadmark Realty Capital Inc. (NYSE:BRMK) currently pays a monthly dividend of $0.07 per share and has a yield of 13.48%, as of September 5.
At the end of Q2 2022, Broadmark Realty Capital Inc. (NYSE:BRMK) was a part of 8 hedge fund portfolios, compared with 7 in the previous quarter, according to Insider Monkey’s data. The stakes owned by these funds hold a total value of over $40.8 million.
You can also take a look at 10 Best and Reliable High Dividend REITs to Buy Now and 10 Semiconductor Stocks that Pay Dividends
