Despite the jump in rates, firms still need access to capital. For those firms with money to lend, these continue to be the halcyon days. And that includes our latest Best Monthly Dividend Stocks List pick. In fact, things have been so good for our pick, it recently announced a special dividend, pushing its yield well above 7%!
The trick to that special dividend continues to be our pick’s niche as a business development company (BDC) that focuses on senior, floating rate loans. Thanks to focusing on the forgotten middle market, a low cost of capital and loans that reset higher when rates rise, our pick has been able to feast on positive spreads on its loan.
And with the firm’s conservative management and high underwriting standards, our pick has been able to see the credit quality of its loan portfolio stay stable during the current economic period. All in all, our pick offers a high-yielding monthly dividend payer that continues to reward shareholders with rising distributions.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
