This Monthly Dividend Stock Yields 10.2%

In this day and age, the vast majority of dividend-paying companies follow a quarterly distribution schedule, meaning shareholders have to wait three months between dividend checks. And that’s why more and more investors have started shopping for monthly dividend stocks. Since most of our bills have to be paid every month, a monthly dividend stream would make the budgeting process much easier for income investors.

With that in mind, let’s check out Horizon Technology Finance Corp (NASDAQ:HRZN). Headquartered in Farmington, Connecticut, Horizon is a specialty finance company that provides financing solutions to venture capital-backed businesses in the technology, life science, healthcare information and services, and cleantech industries. The company follows a monthly distribution schedule. With a dividend rate of $0.10 per share, HRZN stock has an annual yield of 10.2%. That makes it one of the highest-yielding monthly dividend stocks on the market.

Source: Income Investors

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