The coronavirus epidemic has had a huge influence on the labor market in the United States. In April 2020, the unemployment rate climbed to 14.8%, the highest since 1948. For investors, dividend stocks might be a fantastic method to make money. Dividend stocks can be a great investment option for those looking for a stable, passive income stream that can help them get through tough times financially. According to Goldman Sachs, banking company dividends will be worth more than $130 billion this year.
Insider Monkey looks at the 10 best monthly dividend stocks with high yields. Gladstone Investment Corporation is ranked 10th on the list of the best high-yielding monthly dividend stocks. The company’s TII was $16.71 million, up 39.44 percent year over year and $2.95 million higher than expected. Main Street Capital Corporation is ranked 9th. According to Thomson Reuters, the company’s shares have gained 26.48 percent in the last six months and 31.80 percent year to date. Pembina Pipeline Corporation is ranked eighth. Revenue was $1.68 billion, up 40.68 percent year over year and $321.64 million higher than expected. Cross Timbers Royalty Trust is ranked 7th. In Texas, Oklahoma, and New Mexico, the corporation owns approximately 90% of the net profit interests in multiple producing and non producing royalty and overriding royalty interest properties. Horizon Technology Finance Corporation is the 6th best monthly dividend stock with a high yield on the list. B. Riley increased its price target on the company’s stock from $11.50 to $14.50 in April. For more details, click 10 Best Monthly Dividend Stocks with High Yields.