Over the last several years, monthly dividend stocks have been highly sought after. As a result, prices of the most well-known monthly dividend payers have already been bid up, causing their yields to drop. Looking at the market today, you would be lucky to find a blue-chip monthly dividend stock paying more than six percent. However, that doesn’t mean investors looking to earn a monthly income have to settle for a low yield. If they are willing to dig into the not-so-hot areas of the stock market, they might just find a hidden dividend-paying gem with a double-digit yield.
For instance, Horizon Technology Finance Corp (NASDAQ:HRZN) pays monthly dividends of $0.10 per share. At its current price, that translates to an annual dividend yield of 10.9%. Horizon is a business development company, or BDC. For those not in the know, business development companies are like venture capital firms, as they invest in privately held companies. But because many BDCs trade on major stock exchanges, retail investors can get a piece of the action too. Horizon invests in companies in the technology, life science, healthcare information and services, and cleantech industries. Here’s the neat part: instead of making equity investments, Horizon focuses on making loans to these companies. This not only reduces the level of risk, but also allows the company to collect a predictable stream of income from its debt investments.
Source: Income Investors
Related Articles:
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns
- 10 Great Dividend Stocks With 50+ Years of Consecutive Increases
- International Diversification May Be Closer than You Think
- Characteristics of Great Dividend Growth Stocks
- 8 Dividend Stocks With A 15% Yield In 15 Years
Earn a Monthly Income with a 10.9% Yield
Posted by D4L | Tuesday, October 17, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Dividend-payng semiconductor stocks to buy during a computer chip shortage for electric vehicles (EV), smartphones and other technology prod...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
If you're looking for income, turning to your investment portfolio is a natural choice. Lately, that's been a tough assignment, beca...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
High yields are often found in sectors that are out of favor, which is why you can get some pretty impressive dividends from the energy sect...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.