Improving dynamics can make the difference when it comes to evaluating a stock. For our latest addition to our Best Monthly Dividend Stocks List, slight improvements in book value, loan strength and focus have helped it boost its cash flows and support a hefty 6% yield. And investors can grab his yield before it goes ex-dividend on Monday, August 1 with a regular payout of $0.215/share.
Our pick is a business development company (BDC). These firms provide loans and other funding needs to the middle market. Our pick just so happens to be one of the best in the business, with a long history of making successful loans and capitalizing on its portfolio strength.
More recently, our pick has regained its mojo after investors abandoned the stock during the latest market swoon. A shift in its portfolio towards more senior loans, while strengthening its own long term borrowing costs have worked wonders to calm investors nerves, boosting the firm’s metrics.
All in all, our firm is once again ready to be one of the best providers of capital to the middle market and investors should take heed.
In order to make room for our new BDC pick, we’ve been forced to remove a large triple-net real estate owner from the portfolio.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
