Not every company that pays a special dividend will be a viable investment candidate. To be honest, some are not worth your time. But there are plenty of attractive, financially sound businesses that have embraced this method of rewarding stockholders, including Dish Network Corp (NASDAQ:DISH), Whole Foods Market, Inc. (NYSE:WFM) and Microsoft Corporation (NASDAQ:MSFT). That’s why I created the High-Yield Investing Special Dividend-Payers Index. Every month, I showcase companies that are rewarding investors with special dividends. I also watch the proprietary StreetAuthority Special Dividend-Payers Index, which monitors the share price performance of companies that habitually return a portion of their annual profits through bonus payments. This information is typically only available to my paid subscribers, but today I’ll share my latest pick with you...
This 7.1% Yielder Makes 14 Dividend Payments Per Year. Main Street Capital Corporation (NYSE:MAIN) is the only company I know of that regularly makes 14 dividend payments a year — 12 regular monthly payments and a pair of special distributions in June and December. In May, the company approved ordinary dividends of $0.185 per share for June, July, and August, totaling $0.555 for the quarter. In addition, it paid the first semi-annual special dividend in the amount of $0.275 per share on June 15. At the current rate, the company will distribute a total of $2.77 per share this year for a robust yield of 7.1%. You’ll notice that sites like Yahoo quote a yield of 5.7%, but that figure only includes the regular dividends and doesn’t reflect the special payments.
Source: InvestorPlace
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