*With inflationary pressures easing, the Fed’s pace of rate hikes could be slowing as well. For firms that make a living in lending, this could ignite another bull market, but caution is needed. That is why it pays to go with a conservative management team like our latest Best Monthly Dividend Stocks List pick. Our pick has used its conservative lending profile to deliver a decade’s worth of dividend growth and a high 7% yield!
As a business development company (BDC), our pick lends money to firms needing capital for a variety of reasons. The win for our selection has continued to be its focus on senior loans, which are often tied to assets and are further up the bankruptcy ladder, providing safety to its lending practice. Add in the fact that most of its loans are made with floating rates and you have a recipe for success in the current rising rate environment.
In the end, our pick remains a top choice for monthly dividend seekers.
In addition to our BDC, we’ve also increased our position in another BDC, a hard-money lender and an entertainment real estate company. With that, we’ve been forced to remove a pipeline stock.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
