Sometimes a change in strategy is all a firm needs to succeed. A repositioning of assets, spinoffs and company focus can ignite new growth opportunities and set a firm up for long-term gains. Our newest Best High Dividend Stocks Model Portfolio pick is a prime example of that. After refocusing its efforts, our pick has continued to reward shareholders with plenty of dividend growth, including a new special dividend. Investors can take advantage of the opportunity before the stock goes ex-dividend on Tuesday, March 14!
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
Our pick is one of the oldest business development companies (BDC) out there, with a founding dating going back to the 1960s. After a smart spinout of its industrial assets and other equity holdings, our pick has become a major lender in the so-called lower middle market – good enough to garner partnerships with some of the best and biggest BDCs around.
Its repositioning of assets has continued to bear fruit for our pick’s shareholders. Book value and cash flows have increased, while the number of opportunities for lending growth has expanded. All while shareholders have been rewarded. Since its strategic spinoff back in 2015, our pick has managed to raise dividends every year.
All in all, our pick remains a good BDC focusing on an underserved niche market.
To make room for our new lower-middle market lender we’ve removed a midstream pipeline firm from the list.
