5 Monthly Dividend Stocks with Over 5% Yield

3. Prospect Capital Corporation (NASDAQ:PSEC)

Dividend Yield as of May 12: 13.16%

An American business development company, Prospect Capital Corporation (NASDAQ:PSEC) is next on our list of the best dividend stocks with monthly payouts. The company offers debt and equity financing to middle-market companies across the country. It currently pays $0.06 per share in monthly dividends and has a dividend yield of 13.16%, as of May 12.

The number of hedge funds tracked by Insider Monkey owning stakes in Prospect Capital Corporation (NASDAQ:PSEC) grew to 12 in Q4 2023, from 9 in the previous quarter. These stakes are valued at over $14.3 million in total.

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