3 Stocks that Cut You a Check Each Month

Many investors favor dividend-paying stocks for the recurring streams of income they provide, a benefit that is magnified when those companies pay shareholders on a monthly basis. Gladstone Capital (NASDAQ: GLAD) cut its monthly payout earlier this year as the coronavirus upended the economy, reducing the dividend from $0.07 per share to $0.065 per share -- a 7% shave, and a level where it remains today. As a business development corporation (BDC), Gladstone lends money to smaller businesses that can't easily access capital markets themselves.