Stay ahead of the curve in the dividend stock market with our comprehensive Best Monthly Dividend Stocks model portfolio, which continues to feature a standout performer. This well-covered mid-cap Business Development Company (BDC) boasts a forward dividend yield of 6.65% – ranking it among the top 20% of dividend stocks – a stat that is sure to grab the attention of discerning monthly dividend investors.
Tread with caution though – as attractive as high yields can be, they may also be dividend traps. However, our featured holding also comes with a commendable track record, having increased dividends consistently for the last 12 years, and expectations are for this trend to continue.
Despite its year-to-date return of 11%, slightly trailing behind the S&P 500 and BDC industry, the promise it holds in terms of Yield Attractiveness and Dividend Safety outweighs the Returns Potential and Returns Risk.
Are you curious about its next payout? Stay tuned for an unchanged payout of $0.230/share, going ex-div on August 7.
Dive deeper into our in-depth stock analysis that follows to understand the full story behind these numbers.
