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Top 20 Highest Yielding Monthly Dividend Stocks Now | Yields Up To 29.6%


Updated on June 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 Services (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 March 13th, 2026, Bridgemarq Real Estate Services posted its Q4 and full-year results. Total revenue for the quarter came in at $69.6 million, down from $71.7 million in Q4 2024, reflecting a 16% year-over-year contraction in the Canadian residential market and lower transaction volumes in Toronto and Vancouver.

Bridgemarq recorded a quarterly net income of $0.38 per share, a significant turnaround from the loss of $0.68 a year earlier, primarily driven by a non-cash gain on the valuation of exchangeable units.

Adjusted EPS for the quarter was a loss of $0.05, down from a loss of $0.02 last year, as higher commission and operating expenses and increased income tax costs outweighed the positive impact of strategic fee increases and a 2% growth in the agent network.

For the full year, Bridgemarq generated net earnings of $0.32 per share, supported by a resilient network of 21,409 realtors.

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: MSC Income Fund (MSIF)

MSC Income Fund is a Main Street Capital–advised BDC that lends mainly to U.S. private-equity-backed companies, with investments typically supporting LBOs, recapitalizations, growth financings, refinancings and acquisitions.

As of Q1 2026, the portfolio was concentrated in private loans and lower middle-market investments, including about 60% private loan, 37% lower middle market, 2% middle market, and 1% other by fair value.

The private-loan book had 80 portfolio names and is primarily secured debt to sponsor-backed borrowers, while the lower middle-market book had 55 portfolio names and combines debt with equity co-investments alongside Main Street.

On May 7th, 2026, MSC Income Fund reported Q1 2026 results. Total investment income was $34.1 million, up 3% year-over-year, driven by higher interest income from a larger income-producing debt portfolio and higher fee income, partly offset by lower dividend income from LMM portfolio companies.

Interest income rose 7% year-over-year to $29.4 million, while dividend income fell 31% to $3.5 million and fee income rose 77% to $1.2 million.

Net investment income was $16.2 million, up 3% year-over-year, while net investment income per share was unchanged at $0.35. Net asset value was $15.87 per share, slightly above $15.85 at year-end 2025.

Click here to download our most recent Sure Analysis report on MSIF (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 February 25th, 2026, Timbercreek Financial reported its Q4 and full-year results. Distributable income for the quarter was $10.9 million, or $0.13 per share, compared to $12.9 million, or $0.15 per share, in Q4 2024.

The decline primarily reflected lower portfolio yields and reduced lender fees in a lower interest rate environment, partly offset by growth in the average mortgage investment portfolio.

Net investment income was $18.8 million, compared to $20.4 million in the prior year period. Net income for the quarter was a loss of $0.8 million, or $0.01 per share, compared to net income of $1.8 million, or $0.02 per share, in Q4 2024.

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: 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 February 25th, 2026, Ellington Financial reported its Q4 results. Interest income totaled $140.26 million, up from
$122.85 million in Q3, while the credit portfolio expanded to $4.11 billion and Longbridge posted strong origination and servicing results, including positive contributions from securitizations completed during the quarter.

Adjusted EPS came in at $0.47. The quarter included $0.61 per share from the investment portfolio and $0.13 per share from Longbridge, with results shaped by higher net interest income in the credit portfolio, gains on non-QM retained tranches and forward-MSR-related investments, and continued earnings from unconsolidated entities.

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 #16: 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.

On May 6th, 2026, Trinity Capital reported its Q1 results. Total investment income grew 37.8% year over year to $90.1 million, due to enduring origination momentum across the platform. Net investment income reached a record $44.5 million, or $0.53 per share, representing 37.4% year-over-year growth.

The net increase in net assets resulting from operations was $29.8 million, or $0.36 per share. NAV per share declined to $13.27 from $13.42 at the end of the prior quarter, while total net assets increased 6.6% to $1.2 billion.

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 #15: Saratoga Investment Corp. (SAR)

Saratoga Investment Corp is a 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 February 28th, 2026, the fair value of its investment portfolio was $1.1 billion, excluding $21.8 million in cash and cash equivalents.

The portfolio composition by fair value was $911.0 million in first-lien term loans (82.1%), $42.7 million in second-lien term loans (3.9%), $16.1 million in unsecured loans (1.5%), $54.8 million in structured finance securities (4.9%), and $84.5 million in common equity (7.6%).

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 May 5th, 2026, Saratoga reported its fiscal Q4 and full-year 2026 results. Total investment income declined 0.5% year over year to $31.1 million, reflecting lower short-term interest rates and tighter spreads, partly offset by stronger originations and higher assets under management.

Net asset value declined to $396.2 million, or $24.42 per share, representing a 4.6% decrease quarter over quarter. Net investment income was $7.7 million, or $0.48 per share, compared to $0.56 per share in the prior year period, while adjusted NII was $0.53 per share.

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 #14: 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 January 26, 2026, AGNC Investment Corp. reported its fourth quarter 2025 financial results. The company delivered robust profitability, with comprehensive income of $0.89 per share and net income of $0.83 per share.

Results were supported by $0.35 per share of net spread and dollar roll income and a tangible book value of $8.88 per share that reflected effective capital management and favorable market marks.

A quarterly economic return on tangible common equity of 11.6 percent capped an exceptional full-year economic return of 22.7 percent and total stock return of 34.8 percent, handily outperforming the broader market and underscoring the success of AGNC’s positioning in 2025.

The asset portfolio expanded to $94.8 billion and remained supported by strong liquidity, which provides flexibility to navigate funding markets and opportunistically add assets.

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 #13: BCP Investment Corporation (BCIC)

BCP Investment Corporation is an externally managed business development company focused on generating current income, and secondarily capital appreciation, by lending to and investing in middle-market companies.

It mainly invests in first- and second-lien secured loans, mezzanine debt, and selected equity-linked instruments, and also has smaller exposures to joint ventures and CLO fund securities.

BCP targets privately held businesses with EBITDA of about $10 million to $50 million. BCP is managed by Sierra Crest Investment Management, an affiliate of BC Partners.

As of 2025 end, its investment portfolio totaled about $501.0 million at fair value across 108 entities and 41 industries.

On March 5th, 2025, BCP Investment Corporation posted its full-year results for the period ending December 31st, 2025. BCP Investment reported net investment income of $25.1 million, or $2.28 per share, up from $24.0 million, or $2.59 per share, in 2024.

Total investment income edged down to $61.2 million from $62.4 million, while net expenses improved to $36.0 million from $38.4 million, helped by lower incentive fees and a partial fee waiver.

Total net assets increased to $209.2 million from $178.5 million, largely reflecting capital activity tied to the Logan Ridge acquisition, although NAV per share declined to $16.68 from $19.41.

For 2026, we expect NII of $2.50.

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

High-Yield Monthly Dividend Stock #12: 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 February 10, 2026, PennantPark Floating Rate Capital Ltd. reported fiscal first-quarter 2026 results for the period ended December 31, 2025.

Core net investment income of $0.27 per share, equal to GAAP NII, indicated steady earnings and supported the BDC’s monthly dividend strategy, although it also suggested limited upside versus the current payout.

The company maintained robust deployment activity, investing $301 million at a weighted average yield of 10% across both new and existing portfolio companies, which is a positive for income generation but can elevate risk if credit conditions weaken.

The portfolio remained well diversified with 160 companies across 50 industries and a weighted average yield on debt investments of 9.9%, pointing to stable credit conditions and attractive opportunities, though the breadth of exposure also requires vigilant credit monitoring.

Leverage of 1.57 times at quarter-end was on the higher side, but post-quarter asset sales of $27 million to PSSL I and $133 million to PSSL II brought leverage down to 1.5 times, comfortably within the 1.4 to 1.6 times target range and
supporting sustainable dividend coverage.

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 #11: 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 fourth quarter and full-year earnings on March 12th, 2026. The company posted net investment income of 29 cents per share for the quarter, while investment income was $25.2 million. That was off slightly from $25.6 million in the year-ago period.

The portfolio ended the quarter at $1.01 billion across 115 companies, with $34 million invested in four new portfolio companies, $18 million in other investments, $38 million in repayments, a $7 million gain in equity realizations, and a $5.5 million realized gain.

At the end of the quarter, 99% of loans were secured and 92% were floating rate. The average loan per company was $8.8 million, with its largest position at $19.2 million.

Asset quality was okay, with 81% of the portfolio rated 1 or 2, with 5 portfolio companies on nonaccrual. That was 7.5% of total cost and 4.1% of fair value, both of which were slightly worse than the prior quarter.

Stellus cut the dividend to $1.36 per share annually from $1.60.

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 #10: 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 January 26, 2026, Dynex Capital released its fourth-quarter and full-year 2025 results, delivering an exceptional 21.6% total economic return for the full year 2025.

The fourth quarter alone generated a 10.2% economic return on beginning book value, with book value per share rising $0.75 to $13.45 and $2.00 per share in dividends declared for the year, reflecting a combination of strong earnings and meaningful capital return.

GAAP comprehensive income of $1.22 per share and net income of $1.17 per share were supported by solid net interest income, favorable valuation marks, and a tightening agency MBS market, underscoring effective portfolio positioning.

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 #9: 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 March 3rd, 2026, Horizon announced its Q4 and full-year 2025 results. For the quarter, total investment income declined 12.2% year-over-year to $20.7 million, primarily due to lower interest income on debt investments from a smaller debt investment portfolio.

The company’s dollar-weighted annualized yield on average debt investments in Q4 2025 and Q4 2024 was 14.3% and 14.9%, respectively.

Net investment income per share (NII) fell year-over-year to $0.18 from $0.27. Net asset value (NAV) per share stood at $6.98, down from $8.43 in the prior year.

Horizon’s undistributed spillover income was $0.65 per share at year-end, still providing some income support for future distributions.

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 #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 April 22nd, 2026, ARR released its financial results for the first quarter ended March 31st, 2026. Its distributable EPS declined by 11.6% over the year-ago period during the quarter to $0.76. This was $0.02 above the analyst consensus in the quarter.

The reduced distributable EPS base was caused by a couple of factors. For one, the company’s share count soared by almost 60% from the sheer volume of new shares hitting the market through its At-The-Market program.

Secondly, the constant prepayment rate rose from just above 6% in Q1 2025 to above 11% in Q1 2026.

Book value per share decreased by 6.3% year-over-year to $17.42.

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: 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 second quarter earnings on February 9th, 2026, and results were somewhat weak. Net investment income was 19 cents per share.

Total investment income, which is PSEC’s version of revenue, was $176 million. That was off from $185.5 million in the year-ago period.

Total investment income was $149 million, down from $168.8 million a year earlier. That was better than the $140.5 million that was expected.

Net investment income was 19 cents, up from 17 cents in Q1 but down from 20 cents in the year-ago period. Total payment-in-kind interest income was $15.1 million, down from $20.2 million in the year-ago period.

Total originations were $80 million, down from $92 million in the previous quarter. Total repayments and sales were $79 million, down sharply from $235 million a year ago.

Altogether, net originations were $1.2 million versus -$143 million in the previous quarter.

For 2026, we see 47 cents in NII-per-share for this year after first half earnings.

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 #6: 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 the end of Q1 2026, CION had investments in 89 portfolio companies, with a diversified credit portfolio concentrated at the top of the capital structure.

By industry exposure, the largest allocations were to Business Services (14.0%), Healthcare & Pharmaceuticals (11.8%), Retail (10.7%), Energy: Electricity (8.4%), and Media: Diversified & Production (6.8%).

The remaining 48.3% is spread across industries each representing less than 6.8% of the portfolio. The investment mix remains conservative, with 80.8% in senior secured first-lien debt.

On May 7th, 2026, CION Investment Corporation reported its Q1 results. Total investment income decreased 7.9% quarter over quarter to $49.5 million, driven by lower transaction fees from reduced repayment and investment activity and lower dividend income.

Net investment income fell to $0.25 per share, a 28.6% decrease from $0.35 per share in the prior quarter, reflecting lower fee and dividend income alongside higher interest expense. Net asset value decreased 4.7% quarter over quarter to $13.11 per share, down from $13.76.

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 #5: Orchid Island Capital (ORC)

Orchid Island Capital, Inc. is a Real Estate Investment Trust (REIT) operating in the mortgage industry, externally managed by Bimini Advisors LLC.

Orchid Island is a purely financial entity that invests in residential mortgage-backed securities (RMBS), either pass-through or structured agency RMBSs, which are financial instruments that collect cash flow based on residential mortgage loans.

Its portfolio is entirely composed of Agency RMBS backed by single-family residential mortgage loans.

On January 30, 2026, Orchid Island Capital, Inc. reported fourth quarter 2025 results with net income of $103.4 million, or $0.62 per common share, compared to $0.53 per share in Q3 2025.

The company delivered solid earnings and book value growth, with full-year 2025 net income of $159.3 million, or $1.24 per share, and book value per share rising to $7.54 from $7.33 quarter over quarter, reflecting favorable mark-to-market gains in its agency MBS portfolio and improved market conditions.

Quarterly performance was supported by $38.5 million of net interest income, driven by $132.2 million of interest income offset by $93.7 million of interest expense, as well as $53.7 million in unrealized gains and $14 million of gains on derivatives, highlighting effective positioning and hedging in a volatile rate environment.

Management significantly expanded the RMBS portfolio by about 27 percent during the quarter, with average MBS balances increasing to $9.5 billion from $7.7 billion, taking advantage of perceived market dislocation and wider spreads, which boosted returns but also raised exposure to future spread and duration risk.

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

High-Yield Monthly Dividend Stock #4: Invesco Mortgage Capital (IVR)

Invesco Mortgage Capital is a Maryland real estate investment trust focused on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets.

Its investment portfolio is centered on Agency RMBS and Agency CMBS, with historical investments also such as non-Agency RMBS, non-Agency CMBS, TBAs, unconsolidated real estate-related ventures, and U.S. Treasury securities.

The company conducts its business through IAS Operating Partnership L.P. and is externally managed by Invesco Advisers, Inc., an indirect subsidiary of Invesco Ltd.

The company has no employees of its own and relies on its external manager for investment, risk management, and operational support. Last year, it recorded $295.3 in dividend and interest income.

On January 29th, 2026, Invesco Mortgage Capital posted its annual results for the period ending December 31st, 2025. For the year, net income was $101.3 million or $1.32 per diluted share, up from $34.8 million, or $0.65 per diluted share, in 2024.

Net interest income increased to $75.4 million from $36.8 million, as interest income rose to $295.3 million from $286.5 million and interest expense fell to $219.9 million from $249.7 million.

Total other income was $44.4 million, driven by a $149.3 million gain on investments, partly offset by a $104.9 million loss on derivative instruments, while total expenses declined slightly to $18.6 million.

Total assets increased to $6.48 billion from $5.69 billion, and total stockholders’ equity rose to $797.5 million from $730.7 million.

For 2026, we expect EPS of $2.32.

Click here to download our most recent Sure Analysis report on IVR (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 March 4th, 2026, Ellington Credit reported its third fiscal quarter results for the period ending December 31, 2025. The company suffered a net loss of $(21.1) million, or $(0.56) per share.

Ellington achieved adjusted net investment income of $7.8 million in the quarter, or $0.21 per share. At quarter end, Ellington had $24.3 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: 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 March 31st, 2026, PNNT had a $1.20 billion investment portfolio across 162 companies, with a weighted average yield on interest-bearing debt investments of 10.9%.

The portfolio consisted of 40% first-lien secured debt, 2% second-lien secured debt, 17% subordinated debt, 24% preferred and common equity, and 17% U.S. Government Securities.

The interest-bearing debt portfolio was 88% variable rate, and four portfolio companies were on non-accrual, representing 1.3% of the portfolio at fair value.

On May 7th, 2026, PennantPark Investment reported its fiscal Q2 results. For the quarter, total investment income declined year over year to $24.9 million from $30.7 million, driven by a smaller portfolio and lower weighted average yields.

Net investment income fell to $9.3 million, or $0.14 per share, from $11.4 million, or $0.18 per share, a 22% decline in per-share earnings.

PennantPark reported a net decrease in net assets from operations of $2.3 million, or $0.04 per share, compared with an increase of $9.5 million, or $0.14 per share, a year ago.

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 #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 2025, the total fair value of Oxford Square’s investment portfolio was about $251.7 million across its debt, CLO equity, and equity/other holdings, allocated about 58.5% to senior secured debt, 37.8% to CLO equity, and roughly 3.7% to equity or other investments.

On March 3rd, 2026, Oxford Square Capital reported its Q4 and full-year results for the period ending December 31st, 2025. The company generated about $10.4 million in total investment income, a slight increase compared with $10.2 million in Q4 2024, as higher income from securitization vehicles and other sources helped offset a decline in stated interest income from debt investments.

The weighted average yield on debt investments decreased to 14.5% from 15.8% a year earlier. The weighted average effective yield on CLO equity investments stood at 8.6%, modestly lower than the 8.8% recorded in Q4 2024.

Total expenses rose to $5.0 million, compared with $4.2 million in the prior-year period, primarily reflecting higher interest expenses following the issuance of the company’s new 7.75% unsecured notes due 2030.

Net investment income (NII) came in at approximately $5.4 million, or $0.07 per share, versus $6.0 million, or $0.09 per share, in Q4 2024. NAV per share fell to $1.69 at year-end, a significant decline from $2.30 a year earlier..

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

Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.



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