Lenders are having a booming time these days as capital remains in demand and the Fed shifts its rate policy. For our latest Best Monthly Dividend Stocks List pick, it’s resulted in strong operating results and continued success operationally. Investors have benefited too, with a strong 6.12% yield, which they can catch on Thursday, September 1, when the stock goes ex-dividend with a regular payout of $0.215/share.
Our pick is what’s known as a business development company. As such, it provides needed capital to the middle market – firms too big for their local bank branch, but not big enough to catch the attention of a Wall Street investment bank. With a long history of making successful loans, our pick has managed to pay an increasing dividend for over a decade.
The real win is our pick has continued to make more floating-rate loans while locking in low borrowing costs for itself. As a result, it’s been able to feast on rising rates and the interest spread has grown. The end result is a series of top cash flows for its investors. In the end, our pick remains a top choice for monthly dividend seekers.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
