Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers. Most monthly dividend stocks are Real Estate Investment Trusts, or REITs.
However, there are plenty of monthly dividend stocks that are not REITs. Other types of securities include common stocks, Business Development Companies, or Master Limited Partnerships.
Therefore, this article will discuss 3 top non-REIT monthly dividend stocks.
Trinity Capital (TRIN)
Trinity Capital is an internally managed BDC specializing on providing secured debt financing to venture-backed growth companies, mainly in the technology and life sciences ecosystems.
As of its latest quarterly filings, it has investments in 97 portfolio companies, with the portfolio weighted toward Finance & Insurance (~15.8%), SaaS (~10.3%), Healthcare Services (~10.1%), Medical Devices (~9.9%), and Space Technology (~8.6%), among other industries.
The portfolio consisted of 76.6% loans, 14.5% equipment financings, and 8.9% equity and warrants. Last year, the BDC generated $226.8 million in total interest and dividend income.
On November 5th, 2025, Trinity Capital reported its Q3 results for the period ending September 30th, 2025. Investment income increased 22.3% year over year to $75.6 million, driven by strong origination activity and continued demand across the company’s direct lending and equipment financing platforms.
The net increase in net assets resulting from operations was $27.6 million, or $0.39 per share, reflecting solid portfolio performance despite realized losses tied to select investment exits and conversions.
NAV per share rose to $13.31, up 31.9% year-over-year and modestly higher than $13.27 at the end of the prior quarter. This was due to portfolio growth and accretive equity issuance.
Capital Southwest Corp. (CSWC)
Capital Southwest Corporation is an internally managed investment company that has elected to be regulated as a BDC.
The company specializes in providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to upper-middle market (UMM) companies located primarily in the United States. Capital Southwest generates around $82 million in annual revenue.
On November 3rd, 2025, Capital Southwest posted its fiscal Q2-2026 results for the period ending September 30th, 2025. Total investment income was $56.9 million, up from $55.9 million in the prior quarter.
The increase in investment income was primarily driven by higher cash interest and fee income, partially offset by a decline in payment-in-kind (PIK) interest.
The proportion of PIK income decreased again sequentially, underscoring continued stability in cash yields. Meanwhile, the weighted average yield on debt investments was 11.5%, compared to 11.8% in the prior quarter.
Pre-tax net investment income (NII) came in at $34.0 million, up from $32.7 million in Q1-2026. On a per-share basis, it was unchanged at $0.61. Undistributed taxable income (UTI) increased to $1.13 per share, benefiting from $3.5 million in realized gains on an equity exit during the quarter.
Itau Unibanco (ITUB)
Itaú Unibanco Holding S.A. is headquartered in Sao Paulo, Brazil. It is the world’s tenth-largest bank by market value, and the largest Latin American bank by assets and market capitalization.
The bank has operations across South America and other places like the United States, Portugal, Switzerland, China, Japan, etc.
Itaú currently employs over 96,000 people worldwide and has a market capitalization of $81.4 billion.
On November 4th, 2025, Itaú Unibanco reported third-quarter results for 2025. The company reported strong results for the first nine months of 2025, with a recurring result of R$33.1 billion (~$5.96 billion USD), up 8.8% year-over-year.
Its credit portfolio reached R$1.4 trillion (~$252 billion USD), expanding 6% in Brazil—driven by growth in both individual and corporate lending—although Latin America saw a 1.2% decline.
Recurring ROE remained high at 21.1%, reflecting continued profitability even in a slower macro environment.
Net interest income rose 13.8% to R$91.8 billion (~$16.5 billion USD) due to higher loan volumes and stronger interbank deposit revenues.
Operating efficiency also improved, with general and administrative expenses falling 4.8%, helped by reductions in non-financial product sales, legal provisions, and other costs.
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