Dividends4Life: This Technology Stock Pays Monthly Dividends with a 10.3% Yield

When it comes to finding monthly dividend stocks, real estate is probably the first sector to come to mind. Because tenants have to pay rent every month, real estate companies can afford to have a monthly dividend policy. Today, however, I’m going to show you a monthly dividend stock that doesn’t come from the real estate sector. Instead, it makes money from technology.

The company in question is Horizon Technology Finance Corp (NASDAQ:HRZN). Headquartered in Farmington, Connecticut, Horizon is a specialty finance company that provides capital to venture capital-backed companies in four target industries: technology, life science, healthcare information and services, and clean tech. Technology is by far the company’s biggest segment. As of September 30, 2017, Horizon had approximately 71% of its portfolio invested in technology companies.

Source: Income Investors

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