5 Monthly Dividend Stocks with Over 6% Yield

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1. Prospect Capital Corporation (NASDAQ:PSEC)

Dividend Yield as of March 9: 8.90%

Number of Hedge Fund Holders: 9

Prospect Capital Corporation (NASDAQ:PSEC) is a New York-based business development company that specializes in mezzanine finance, leveraged buyouts, refinancing, acquisitions, recapitalizations, growth capital, collateralized loan obligations, and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate properties. 

On February 22, Prospect Capital Corporation (NASDAQ:PSEC) declared a $0.06 per share monthly dividend, in line with previous. The dividend will be distributed on March 22, for shareholders of record on February 24. 

In its Q4 earnings report, published on February 8, Prospect Capital Corporation (NASDAQ:PSEC) posted an EPS of $0.22, beating estimates by $0.05. The $175.38 million revenue exceeded market consensus by $11.62 million. 

A total of 9 hedge funds were long Prospect Capital Corporation (NASDAQ:PSEC) at the end of December 2021, up from 7 funds in the quarter earlier. Two Sigma Advisors held the biggest stake in the company, with 1.4 million shares worth $12.4 million. 

You can also take a look at 10 Dividend Stocks with Over 10% Yield and 10 Nuclear Energy Stocks to Buy Now

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