High Dividend Stock Yields 9%, Pays Monthly, 4 Dividend Payouts, Below Book Value

Have you seen some of our recent articles about monthly dividend paying stocks? There aren't a whole lot of them out there, but we've managed to find a few worthy candidates. We went back to the monthly dividend trail this week and found a US company that pays not just 1, but 4 monthly dividends. This stock yields 9.21%, with 7% annualized 5-year dividend growth. It has 4 different income vehicles that pay monthly. Income has grown 18%-plus over the past 4 quarters. It's selling below book value.

Gladstone Investment Corp., (NASDAQ:GAIN), is a business development company (BDC) that makes debt and equity investments in established private businesses in the U.S. Debt investments primarily come in the form of three types of loans: senior term loans, senior subordinated loans and junior subordinated debt. Equity investments primarily take the form of preferred or common equity (or warrants or options to acquire the foregoing), often in connection with buyouts and other recapitalizations. Our investments typically range from $5 million to $30 million. Gladstone Investment aims to maintain an investment allocation of approximately 75% in debt securities and 25% in equity securities.

Source: Seeking Alpha

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