Rising rates and the current banking crisis has made finding capital difficult for many smaller and mid-sized firms. But for those with money to lend, the current environment could be seen as manna from heaven, with our latest Best Monthly Dividend Stocks List pick and its investors capitalizing on the opportunity. In fact, investors can score a hefty $0.225 per share monthly dividend before the stock trades ex-dividend on Wednesday, April 5!
You can check out the Best Monthly Dividend Stocks List to explore all the stocks
Our pick is what’s called a business development company (BDC), which is a firm that lends capital to businesses. However, the secret to our pick’s success is that it focuses on the lower middle-market companies, which are too big for their local bank branch but not big enough to garner any attention on Wall Street. It’s a niche that was left wide open after the Great Recession.
And now the current banking crisis will send more business its way.
For investors, it’s wonderful news. With its top position in the BDC space, plenty of liquidity and strong underwriting standards, our pick has plenty of potential to keep the cash flow coming for its shareholders. And with a yield that’s more than triple the market’s average, it can profit handsomely and boost its income while taking advantage of lending opportunities.
