Capital is the life-blood of the global financial system. Having access to funds is key to surviving and thriving. Those that provide this needed capital – like our latest Best High-Yield Dividend Stocks Model Portfolio pick – have been able to feast as demand remains strong amid the current economic environment. Investors have been able to feast too, with our pick’s hefty dividend yield and growth. Investors can take advantage of this opportunity before it goes ex-dividend on Wednesday, December 14, when it will increase its regular quarterly dividend by more than 10% to $0.48 per share!
The key for our pick remains its focus on specialty and customized lending solutions. As a business development company (BDC) that has been operating for over two decades with the support of a large private equity (PE) partner, our pick has been able to branch out in more specialized financing options for medium-sized businesses. These non-standard loans backed by assets, cash flow and intellectual property have continued to boost the bottom line of our pick. So much so, it was able to raise its dividend three times this year.
Going forward, the firm’s size, backing from its PE partner and disciplined underwriting ability should help it navigate the economic/interest rate environment with ease. Ultimately, for investors, that will translate into further dividend growth and stability of payout.
In the end, our BDC pick remains royalty among the sector and is a must own for high-yield investors.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
