Private equity and private credit have long been the stomping grounds of institutional and high-net-worth investors. The non-correlated asset classes have provided large returns for decades and have been a huge source of dividends for their investors. And now us regular Joes have a way to tap into asset classes. This includes our most recent Best Monthly Dividend Stocks List pick.
Our pick is one of the largest and strongest providers of capital to the so-called middle market. These are the firms which are too big for their local bank branch but not big enough to float a full-blown bond issue. As such, our pick provided needed funds to these firms at hefty rates. And thanks to a little leverage, our pick is able to reap plenty of cash flows from these loans.
Better still is that our firm is considered a business development company for tax purposes. With such a structure, our pick is able to push much of its cash flow back to investors via a high 5.7% dividend yield. The best part is that our pick distributes cash monthly, with the next distribution coming on Tuesday, February 1, 2022 when it goes ex-dividend.
With over a decade’s worth of dividend growth under its belt, our pick remains a top name in the space.
You can check out the Best Monthly Dividend Stocks List to explore all monthly dividend-paying stocks.
