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Top 20 Highest Yielding Monthly Dividend Stocks Now | Yields Up To 23.5%


Updated on March 2nd, 2026 by Bob Ciura

Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers.

For this reason, we created a full list of over 100 monthly dividend stocks.

You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter like dividend yield and payout ratio) by clicking on the link below:

 

Click here to instantly download your free spreadsheet of all monthly dividend stocks now, along with important investing metrics.

In addition, stocks that have high dividend yields are also attractive for income investors.

With the average S&P 500 yield hovering around 1.2%, investors can generate much more income with high-yield stocks. Screening for monthly dividend stocks that also have high dividend yields makes for an appealing combination.

This article will list the 20 highest-yielding monthly dividend stocks.

Table Of Contents

The following 20 monthly dividend stocks have high dividend yields above 5%. Stocks are listed by their dividend yields, from lowest to highest.

The list excludes oil and gas royalty trusts, which have extreme fluctuations in their dividend payouts from one quarter to the next due to the underlying volatility of commodity prices.

You can instantly jump to an individual section of the article by utilizing the links below:

High-Yield Monthly Dividend Stock #20: Bridgemarq Real Estate (BREUF)

Bridgemarq Real Estate Services is a leading Canadian real estate services company that provides branding, technology, and support to real estate brokers and over 21,000 realtors across Canada.

Its portfolio includes nationally recognized brands such as Royal LePage, Via Capitale, Proprio Direct, and Johnston & Daniel.

The company earns revenue primarily from fixed and variable franchise fees, generating cash flow stability that is less sensitive to fluctuations in the housing market.

On November 13th, 2025, Bridgemarq Real Estate Services reported its Q3 results for the period ending September 30th, 2025. Total revenue came in at $87.3 million, down from $90.0 million in Q3 2024, reflecting softer brokerage-side performance and lower gross commission income.

Bridgemarq recorded a net loss of $0.13 per share, with results influenced by weaker market activity in key regions and higher operating expenses in the Brokerage Operations.

Adjusted EPS was $0.04, down from $0.12 last year, driven by lower revenues and higher compensation and operating costs, partly offset by lower depreciation and interest expenses.

Click here to download our most recent Sure Analysis report on BREUF (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #19: Gladstone Commercial (GOOD)

Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S.

The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.

The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.

Gladstone posted third quarter earnings on November 4th, 2025, and results were mixed. The trust posted FFO-per-share of 35 cents, which was three cents light of estimates. Revenue was $40.84 million, beating expectations narrowly. For the nine months, FFO was $1.02 per share.

Same-store lease revenue was up 3.1% year-over-year in the nine-month period ending in September, which was due to an increase in recovery revenue from property expenses, as well as higher rental rates.

Gladstone sold 4.4 million shares of common stock under its at-the-money program, raising net proceeds of $61 million. It now has $6 million in cash and $63 million in available liquidity.

The dividend remains flat at $1.20 per share annually. Gladstone’s portfolio is 99.1% occupied, the highest level since the first quarter of 2019, and the weighted average lease term is 7.5 years.

Click here to download our most recent Sure Analysis report on GOOD (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #18: Timbercreek Financial Corp. (TBCRF)

Timbercreek Financial is a Canadian non-bank lender specializing in shorter-duration, structured financing solutions for commercial real estate investors.

The company provides primarily first-mortgage loans for income-producing properties, including multi-residential, retail, industrial, and office assets. Its loans are typically used for acquisition, redevelopment, or transitional financing, and are often repaid through term financing or asset sales.

Timbercreek’s portfolio is 100% commercial real estate-focused and highly urban, with about 92% of capital invested in Ontario, British Columbia, Quebec, and Alberta.

On October 29th, 2025, Timbercreek Financial reported its Q3 results. Distributable income for the quarter was $10.0 million, or $0.12 per share, compared to $10.7 million, or $0.13 per share, in Q3 2024.

This reflected stable portfolio yields but higher expected credit loss provisions, partly offset by a larger average mortgage portfolio and lower borrowing costs.

Net investment income was $18.0 million, in line with the prior year period. Net income declined to $6.0 million, or $0.07 per share, from $10.0 million, or $0.12 per share, in Q3 2024, primarily due to an ECL charge related to updated valuations on select office and retail exposures. The ECL charge did not impact distributable income.

Click here to download our most recent Sure Analysis report on TBCRF (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #17: Gladstone Capital Corp. (GLAD)

Gladstone Capital is a business development company, or BDC, that primarily invests in small and medium businesses. These investments are made via a variety of equity (10% of portfolio) and debt instruments (90% of portfolio), generally with very high yields.

Loan size is typically in the $7 million to $30 million range and has terms up to seven years. The BDC’s stated purpose is to generate income it can distribute to its shareholders.

Gladstone posted fourth quarter and full-year earnings on November 18th, 2025. The BDC posted Q4 net investment income of 52 cents per share, while total investment income was $23.94 million.

Gladstone invested $107 million during the quarter in five new portfolio companies, and $20 million in existing portfolio companies. To fund this, the BDC issued 2030 convertible notes at 5.875% for $150 million.

Interest income was up $2.9 million to $23.8 million, driven by a 16.2% increase in average earning assets, despite the portfolio yield declining 30 basis points to 12.5%. Total expenses were higher by $2.1 million, including higher interest expense from increased bank borrowings and higher net management fees.

Net investment income was $11.4 million, while net realized losses were $6.3 million. Net assets rose $7.6 million to $482 million, and NAV ended the quarter at $21.34 per share.

Click here to download our most recent Sure Analysis report on GLAD (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #16: Capital Southwest Corp. (CSWC)

Capital Southwest Corporation is an internally managed investment company that has elected to be regulated as a BDC.

The company specializes in providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to upper-middle market (UMM) companies located primarily in the United States. Capital Southwest generates around $82 million in annual revenue.

On February 2nd, 2026, Capital Southwest reported its fiscal Q3-2026 results. Total investment income rose to $61.4 million from $56.9 million, driven by portfolio growth and stable cash yields, partially offset by lower fee income.

PIK interest remained well controlled, supporting earnings durability. The weighted average debt yield edged down to 11.3% from 11.5% due to portfolio mix and repayments.

Pre-tax net investment income was $34.6 million, or $0.60 per share, versus $34.0 million, or $0.61, reflecting higher average shares outstanding.

Undistributed taxable income declined to $1.02 per share after supplemental dividends, while regular dividends remained fully covered and cumulative dividend coverage continues to exceed 100%.

Click here to download our most recent Sure Analysis report on CSWC (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #15: Ellington Financial (EFC)

Ellington Financial Inc. acquires and manages mortgage, consumer, corporate, and other related financial assets in the United States.

The company acquires and manages residential mortgage–backed securities (RMBS) backed by prime jumbo, Alt–A, manufactured housing, and subprime residential mortgage loans.

Additionally, it manages RMBS, for which the U.S. government guarantees the principal and interest payments. It also provides collateralized loan obligations, mortgage–related and non–mortgage–related derivatives, equity investments in mortgage originators and other strategic investments.

On November 6th, 2025, Ellington Financial reported its Q3 results. As with previous quarters, the company reported only income, not revenues.

Gross interest income totaled $122.85 million, up sequentially, while net interest margins expanded across the credit portfolio and Longbridge delivered strong origination and servicing results amid record proprietary production. Adjusted EPS came in at $0.53, a meaningful boost year-over-year.

The improvement reflected continued securitization activity, favorable contributions from earnings in unconsolidated entities, and a strong $0.16 per-share contribution from Longbridge, while the Agency strategy delivered a modest $0.04 per-share gain despite a smaller portfolio and a challenging spread environment.

Book value per share ended Q3 at $13.40, compared with $13.49 in Q2.

Click here to download our most recent Sure Analysis report on Ellington Financial (EFC) (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #14: Saratoga Investment Corp. (SAR)

Saratoga Investment Corp is a business development company (BDC) that provides customized debt and equity financing to U.S. middle-market companies, focusing on income generation through predominantly senior credit instruments.

As of November 30th, 2025, the fair value of its investment portfolio was $1,016.0 million, excluding $169.6 million in cash and cash equivalents.

The portfolio composition by fair value was $852.5 million in first-lien term loans (83.9%), $8.1 million in second-lien term loans (0.80%), $16.3 million in unsecured loans (1.60%), $54.9 million in structured finance securities (5.40%), and $84.4 million in common equity (8.3%).

SAR’s holdings span 39 distinct industry classifications, with notable exposures in Healthcare Services (largest single sector) at 9.7% of portfolio fair value, Structured Finance Securities at 7.3%, and Consumer Services at 6.0%.

On January 7th, 2026, Saratoga Investment Corp. reported its fiscal Q3 2026 results for the period ending November 30th, 2025. Total investment income declined 11.8% year over year to $31.6 million, reflecting lower base rates and a smaller average portfolio following elevated repayments over the past year.

Net asset value increased to $413.2 million, or $25.59 per share, representing a 0.7% increase quarter over quarter. Net investment income was $9.8 million, or $0.61 per share, representing a 32% decline from $0.90 per share in the prior year period, due to lower base interest rates and a smaller average earning asset base following elevated repayments over the past 12 months.

Click here to download our most recent Sure Analysis report on SAR (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #13: AGNC Investment Corporation (AGNC)

American Capital Agency Corp is a mortgage real estate investment trust that invests primarily in agency mortgage–backed securities (or MBS) on a leveraged basis.

The firm’s asset portfolio is comprised of residential mortgage pass–through securities, collateralized mortgage obligations (or CMO), and non–agency MBS. Many of these are guaranteed by government–sponsored enterprises.

On October 21, 2025, AGNC Investment Corp. reported comprehensive income of $0.78 per common share, producing an economic return on tangible common equity of 10.6%, which included $0.36 in dividends and a $0.47 per-share increase in tangible book value.

Net spread and dollar roll income was $0.35 per share, down slightly due to lower swap income following the maturity of $4 billion in legacy swaps and temporary timing effects from new capital deployment.

Tangible net book value per share rose to $9.84, and liquidity remained strong at $7.2 billion, representing 66% of tangible equity.

Click here to download our most recent Sure Analysis report on AGNC Investment Corp (AGNC) (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #12: Trinity Capital (TRIN)

Trinity Capital is an internally managed BDC specializing on providing secured debt financing to venture-backed growth companies, mainly in the technology and life sciences ecosystems.

As of its latest quarterly filings, it has investments in 97 portfolio companies, with the portfolio weighted toward Finance & Insurance (~15.8%), SaaS (~10.3%), Healthcare Services (~10.1%), Medical Devices (~9.9%), and Space Technology (~8.6%), among other industries.

The portfolio consisted of 76.6% loans, 14.5% equipment financings, and 8.9% equity and warrants. Last year, the BDC generated $226.8 million in total interest and dividend income.

On November 5th, 2025, Trinity Capital reported its Q3 results for the period ending September 30th, 2025. Investment income increased 22.3% year over year to $75.6 million, driven by strong origination activity and continued demand across the company’s direct lending and equipment financing platforms.

The net increase in net assets resulting from operations was $27.6 million, or $0.39 per share, reflecting solid portfolio performance despite realized losses tied to select investment exits and conversions.

NAV per share rose to $13.31, up 31.9% year-over-year and modestly higher than $13.27 at the end of the prior quarter. This was due to portfolio growth and accretive equity issuance.

Click here to download our most recent Sure Analysis report on TRIN (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #11: Dynex Capital (DX)

Dynex Capital invests in mortgage–backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non–agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest–only securities.

On October 20, 2025, Dynex Capital reported a total economic return of 10.3% of beginning book value, driven by a $0.72 per-share increase in book value and $0.51 per share in dividends declared for the quarter.

Book value per common share rose to $12.67 at September 30, 2025. GAAP performance was strong, with comprehensive income of $1.20 per common share and net income of $1.09 per share, supported by higher net interest income and favorable marks as Treasury yields fell and agency mortgage spreads tightened.

The company continued to raise and deploy capital, issuing $254 million of common equity net via at-the-market programs and using the proceeds to expand its highly liquid, agency-focused portfolio.

Purchases included approximately $2.4 billion of Agency RMBS and $464 million of Agency CMBS during the quarter, reflecting management’s preference for transparent, readily valued assets amid improving market technicals.

Click here to download our most recent Sure Analysis report on DX (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #10: PennantPark Floating Rate Capital (PFLT)

PennantPark Floating Rate Capital Ltd. is a business development company that seeks to make secondary direct, debt, equity, and loan investments.

The fund also aims to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies, equity securities, preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments.

On November 24, 2025, PennantPark Floating Rate Capital Ltd. released its fourth fiscal quarter and full year 2025 financial results for the period ended September 30, 2025.

For the quarter, PFLT reported core net investment income of approximately $0.28 per share and a total investment income near $69.0 million, with revenue in line with analyst expectations, demonstrating steady underlying performance in its core lending business.

The firm’s net asset value per share was reported around $10.83, modestly lower than the prior quarter, reflecting market and portfolio valuation dynamics.

Portfolio assets grew to roughly $2.77 billion, supported by strong origination activity and a significant joint venture initiative that expanded lending capacity.

Click here to download our most recent Sure Analysis report on PFLT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #9: Stellus Capital (SCM)

Stellus Capital Management provides capital solutions to companies with $5 million to $50 million of EBITDA and does so with a variety of instruments, the majority of which are debt.

Stellus provides first lien, second lien, mezzanine, convertible debt, and equity investments to a diverse group of customers, generally at high yields, in the US and Canada.

Stellus posted third quarter earnings on November 12th, 2025, and results were weak once again. Net investment income was $9.1 million, down from $10.3 million a year ago. On a per-share basis, NII fell from 39 cents to 32 cents.

Core net investment income, which is an adjusted form of profit, fell from $10.6 million to $9.7 million, or from 39 cents per share to 32 cents. Total investment income, which is akin to revenue, was $26.28 million, down slightly from $26.5 million a year ago.

Net asset value was down 16 cents per share, with eight cents of that attributable to dividend payments exceeding earnings, and eight cents to net unrealized losses from two debt investments.

At the end of the quarter the investment portfolio was $1.01 billion at fair value across 115 companies, both up from $986 million and 112 companies, respectively, a year earlier.

Click here to download our most recent Sure Analysis report on SCM (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #8: ARMOUR Residential REIT (ARR)

ARMOUR Residential invests in residential mortgage-backed securities that include U.S. Government-sponsored entities (GSE) such as Fannie Mae and Freddie Mac.

It also includes Ginnie Mae, the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans.

Unsecured notes and bonds issued by the GSE and the US Treasury, money market instruments, and non-GSE or government agency-backed securities are examples of other types of investments.

On October 22, 2025, ARMOUR Residential REIT released its third quarter 2025 results. ARMOUR reported distributable earnings available to common stockholders of $0.72 per share, slightly below the consensus expectation and missing estimates by about $0.07.

The company recorded strong revenue of approximately $92.1 million that beat expectations. The REIT posted net income of about $159.3 million and net interest income of roughly $38.5 million, reflecting a rebound in earnings compared to earlier periods as interest income rose on a larger investment portfolio.

Book value per share increased about 3.5% to $17.49 at quarter end, and the company reported a total economic return near 7.75%for the quarter, signaling healthy underlying asset performance in an environment of volatile mortgage rates and funding costs.

Click here to download our most recent Sure Analysis report on ARMOUR Residential REIT Inc (ARR) (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #7: CION Investment Corporation (CION)

CION Investment Corporation is an externally managed U.S. business development company focused on originating and holding senior secured loans to U.S. middle-market companies, with an emphasis on capital preservation and current income.

As of September 30th, 2025, CION had investments in 91 portfolio companies as of Q3 2025, with a diversified credit portfolio concentrated at the top of the capital structure.

By industry exposure, the largest allocations were to Business Services (16.6%), Retail (10.3%), Healthcare & Pharmaceuticals (10.1%), Oil & Gas (8.1%), and Diversified & Production (7.2%), with the remaining 47.7% spread across industries each representing less than 6.4% of the portfolio.

The investment mix remains conservative, with 80.0% in senior secured first-lien debt. CION generated $252.4 million in total investment income last year.

On November 6th, 2025, CION Investment Corporation posted its Q3 results. Total investment income increased 51% quarter over quarter to $78.7 million, driven by higher interest income from investment restructurings and elevated origination and amendment fee activity.

Net investment income rose sharply to $0.74 per share, representing a 131% increase from $0.32 per share in the prior quarter, reflecting stronger portfolio earnings and fee generation.

Net asset value increased 2.5% quarter over quarter to $14.86 per share, up from $14.50, as the company out-earned its distribution by $0.38 per share despite modest realized and unrealized losses. For FY 2025, we expect NII/share of $1.76.

The company also announced a transition to monthly base distributions beginning in 2026.

Click here to download our most recent Sure Analysis report on CION (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #6: Orchid Island Capital (ORC)

Orchid Island Capital is a mortgage REIT that is externally managed by Bimini Advisors LLC and focuses on investing in residential mortgage-backed securities (RMBS), including pass-through and structured agency RMBSs.

These financial instruments generate cash flow based on residential loans such as mortgages, subprime, and home-equity loans.

On October 23, 2025, Orchid Island Capital, Inc. reported estimated net income of $0.53 per common share for Q3 2025, with book value per share estimated at $7.33 as of September 30, 2025.

The company declared a monthly dividend of $0.12 per share for October, keeping consistent with its monthly payout strategy.

The RMBS portfolio and derivatives portfolio evolved as the company remained focused on agency residential mortgage-backed securities paired with hedging strategies.

Orchid Island highlighted that the investment backdrop remains attractive with improving spreads and prepayment risk manageable given the portfolio’s coupon distribution and hedges.

Prepayment activity remained a focal point, with management noting the need for continued vigilance given higher coupon pools and refinancing dynamics.

Click here to download our most recent Sure Analysis report on Orchid Island Capital, Inc. (ORC) (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #5: PennantPark Investment Corporation (PNNT)

PennantPark Investment Corporation is a business development company focused on providing private credit to U.S. core middle-market companies, typically with $10–$50 million of EBITDA, through primarily first-lien, senior secured loans.

As of September 30th, 2025, PNNT had a $1.3 billion investment portfolio across 166 companies, with a weighted average credit spread of 5.66%, median loan-to-value of 39%, median net leverage of 4.5x, and 2.0x interest coverage, reflecting a conservatively structured book.

The portfolio is heavily skewed to senior secured credit, with roughly about half in first-lien debt and the remainder across subordinated debt, equity co-investments, and joint venture exposures, and only 0.1% of the portfolio at fair value on non-accrual. PNNT pays dividends on a monthly basis.

On November 24th, 2025, PennantPark Investment reported its fiscal Q4 results for the fiscal year ended September 30th, 2025. For the quarter, total investment income declined year over year to $28.0 million, reflecting a smaller portfolio and a lower weighted average yield on debt investments.

Net investment income was $9.8 million, or $0.15 per share, compared with $14.4 million, or $0.22 per share, in the prior year period, representing a 32% year-over-year decline in per-share earnings.

PennantPark reported a net decrease in net assets from operations of $1.0 million, or $(0.01) per share, compared with a net increase of $18.4 million, or $0.28 per share, in the prior year period, due to realized losses on investments.

Net asset value declined 6% year over year to $7.11 per share from $7.56, reflecting distributions and net realized losses, partially offset by unrealized appreciation.

Click here to download our most recent Sure Analysis report on PNNT (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #4: Prospect Capital (PSEC)

Prospect Capital Corporation is a Business Development Company, or BDC, that provides private debt and private equity to middle–market companies in the U.S.

The company focuses on direct lending to owner–operated companies, as well as sponsor–backed transactions. Prospect invests primarily in first and second lien senior loans and mezzanine debt, with occasional equity investments. 

Prospect posted first quarter earnings on November 6th, 2025. Net investment income was 17 cents per share, while total investment income plummeted 20% year-over-year to $157.6 million. While weak, these results were better than feared.

The company continues to focus on rotating assets into its core business of first lien senior secured middle market loans, while reducing second lien loans. It also exited its subordinated notes portfolio, as well as equity-linked assets, including real estate properties.

Total originations were $92 million, off from $271 million in the previous quarter. Total repayments were $235 million, down from $445 million in the previous quarter. That implies net originations of -$143 million for Q1, up from -$175 million in the prior quarter.

Total investments at fair value were $6.51 billion, down from $6.67 billion in the prior quarter. Interest-bearing investments yielded 11.8%, off from 12.2% in the prior quarter.

Click here to download our most recent Sure Analysis report on PSEC (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #3: Ellington Credit Co. (EARN)

Ellington Credit Co. acquires, invests in, and manages residential mortgage and real estate related assets. Ellington focuses primarily on residential mortgage-backed securities, specifically those backed by a U.S. Government agency or U.S. government–sponsored enterprise.

Agency MBS are created and backed by government agencies or enterprises, while non-agency MBS are not guaranteed by the government.

On November 19th, 2025, Ellington Credit reported its second fiscal quarter results for the period ending September 30, 2025. The company generated net income of $4.3 million, or $0.11 per share.

Ellington achieved adjusted net investment income of $8.5 million in the quarter, or $0.23 per share. At quarter end, Ellington had $20.1 million in cash and cash equivalents.

Click here to download our most recent Sure Analysis report on EARN (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #2: Horizon Technology (HRZN)

Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.

The company has generated attractive risk–adjusted returns through directly originated senior secured loans and additional capital appreciation through warrants.

Horizon Technology Finance Corp. is a BDC that provides venture capital to small and medium–sized companies in the technology, life sciences, and healthcare–IT sectors.

On October 28th, 2025, Horizon announced its Q3 results. For the quarter, total investment income rose 6.9% year-over-year to $26.3 million, driven primarily by higher fee and interest income on investments from the debt portfolio.

The company’s dollar-weighted annualized yield on average debt investments in Q3 of 2025 and Q3 of 2024 was 18.6% and 15.9%, respectively.

Net investment income per share (IIS) remained flat year-over-year at $0.32. Net asset value (NAV) per share improved to $7.12, up from $6.75 in the prior quarter, but this was down from $9.12 in the prior year.

Horizon’s undistributed spillover income stood at $0.93 per share at quarter-end, maintaining a strong income cushion to support future dividends.

Click here to download our most recent Sure Analysis report on HRZN (preview of page 1 of 3 shown below):

High-Yield Monthly Dividend Stock #1: Oxford Square Capital (OXSQ)

Oxford Square Capital Corp. is a BDC (Business Development Company) specializing in financing early- and middle-stage businesses through loans and investments in collateralized loan obligations.

At the end of Q3, the total fair value of Oxford Square’s investment portfolio was about $260.5 million across its debt, CLO equity, and equity/other holdings, allocated about 54.5% to senior secured debt, 43.5% to CLO equity, and roughly 2% to equity or other investments. Last year, the BDC generated roughly $42.7 million in total investment income.

On November 6th, 2025, Oxford Square Capital reported its Q3. The company generated approximately $10.2 million in total investment income, essentially flat compared with $10.3 million in Q3 2024, as lower stated interest income from debt investments offset higher PIK income and stronger contributions from securitization vehicles.

The weighted average yield on debt investments increased slightly to 14.6% from 14.5% a year earlier. The weighted average yield on CLO equity investments stood at 9.7%, modestly higher than 9.6% in Q3 2024.

Total expenses were about $4.7 million, compared with $4.2 million in the prior-year period, primarily reflecting higher interest expense tied to the company’s outstanding unsecured notes.

Net investment income (NII) came in at $5.6 million, or $0.07 per share, versus $6.2 million, or $0.10 per share, in Q3 2024.

Click here to download our most recent Sure Analysis report on OXSQ (preview of page 1 of 3 shown below):

Final Thoughts

Monthly dividend stocks could be more appealing to income investors than quarterly or semi-annual dividend stocks. This is because monthly dividend stocks make 12 dividend payments per year, instead of the usual 4 or 2.

Furthermore, monthly dividend stocks with high yields above 5% are even more attractive for income investors.

The 20 stocks on this list have not been vetted for dividend safety, meaning each investor should understand the unique risk factors of each company.

That said, these 20 dividend stocks make monthly payments to shareholders, and all have high dividend yields.

Further Reading

If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:

Monthly Dividend Stock Individual Security Research

Other Sure Dividend Resources

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