3 Top Dividend Stocks For Monthly Payouts

Most dividend stocks pay dividends on a quarterly, semi-annual, or annual basis. But there is a group of stocks that make dividend payments once per month. Monthly dividend stocks provide shareholders with 12 dividend payments per year, which could be attractive for investors looking for more frequent payouts.Even better, the following 3 monthly dividend stocks all have high dividend yields, making them 3 of the best monthly dividend stocks right now.Gladstone Investment Corp. (GAIN)Gladstone Investment is a business development company (BDC) that focuses on US-based small- and medium-sized companies. Industries which Gladstone Investment targets include aerospace & defense, oil & gas, machinery, electronics, and media & communications. The company was founded in 2005 and is headquartered in McLean, VA.Gladstone Investment reported its second quarter (Q2 2025 ended September 30) earnings results in November. The company generated total investment income of $25.3 million during the quarter, which represented a 12% increase year-over-year. Gladstone Investment’s earnings-per-share totaled $0.24 during the fiscal second quarter, which was down from the previous quarter’s level.Gladstone Investment‘s net asset value per share totaled $13.53 on a per-share basis at the end of the quarter, which was up compared to the NAV-per-share that the company reported at the end of the previous quarter.Over the last decade profits grew by around 3% annually, which is not a very high growth rate, but which is also not at all disappointing for a high-yielding investment such as BDC Gladstone Investment. Gladstone Investment’s business model is relatively straightforward. The company lends money to small- and mid-sized companies. Position sizes for debt investments usually range from $5 million to $30 million. The company also takes equity stakes in some of its portfolio companies.Main Street Capital (MAIN)Main Street Capital Corporation is a Business Development Company (BDC) that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.Main Street defines lower middle market companies as generally having annual revenues between $10 million and $150 million.The company’s investments typically support management buyouts, recapitalizations, growth financings, refinancing, and acquisitions. The company has a market capitalization of $5.3 billion and generated $355 million in net investment income in 2024.At the end of Q3 2025, Main Street had an interest in 88 lower middle market companies (valued at $2.8 billion), 11 middle market companies ($90 million) and 86 private loan investments ($1.9 billion). The corporation had aggregate liquidity of $1.561 billion, consisting of $30.6 million in cash and cash equivalents, and $1.53 billion of unused capacity under the revolving credit facility.On November 4th, 2025, Main Street Capital announced a 2.0% dividend increase to $0.26 per share paid monthly.On November 6th, 2025, Main Street Capital reported third quarter 2025 results. Net investment income of $86.5 million rose 3% compared to $84.4 million in Q3 2024. The corporation generated net investment income per share of $0.97, up 1% year-over-year from $0.96 per share. Distributable net investment income per share totaled $1.03, flat against Q3 2024.Main Street’s net asset value per share increased 3.6% since December 31st, 2024, from $31.65 to $32.78. The corporation declared monthly dividends of $0.26 to be paid in the first quarter of 2026, which are 4% higher than those declared a year ago, as well as a supplemental $0.30 dividend to be paid in December.Savaria Corp. (SISXF)Savaria Corporation is a leading provider of mobility solutions, specializing in accessibility products such as stairlifts, home and commercial elevators, platform lifts, and medical beds. Headquartered in Canada, Savaria serves a growing market of elderly and physically challenged individuals. The company has expanded significantly over the years, both organically and through acquisitions, positioning itself as a key player in the accessibility market.On September 15th, 2025, Savaria raised its dividend by 3.8% to a monthly rate of C$0.0467. On November 5th, 2025, Savaria reported its Q3 results for the period ending September 30th, 2025.Revenues increased by 5.2% to $159.6 million, driven by organic growth of 1.8%, a 2.5% positive foreign exchange impact, and a 0.9% contribution from the acquisition of Western Elevator.Gross profit was $62.6 million, an 11.4% increase year-over-year, resulting in a gross margin of 39.2%. Operating income rose 25.7% to $19.7 million, while Adjusted EBITDA grew 13.9% to $33.8 million, with a margin of 21.2%. Net earnings were $13.8 million, or $0.19 per share, compared to $7.9 million, or $0.11 per share, in Q3 2024.More By This Author:10 Dividend Stocks For Conservative Retirement IncomeThe 10 Best Performing Dividend Aristocrats In The Past 10 Years10 Dividend Stocks To Build Retirement Income