1 High-Yield Stock You Likely Haven’t Considered. The blunt reality is that if you put all your money into stocks with double-digit yields, you are taking way too much risk. The reason is simple: if a high-quality stock with great dividend safety yields even close to 10%, people would rush towards it. And as they bid up the company’s share price, the dividend yield would fall.
Newtek Business Services Corp. (NASDAQ:NEWT), a New York City-based business development company (BDC), would be a good example. In fact, it is the most interesting double-digit yielder I’ve seen in a long time. Now, I know what you are wondering. We have looked at plenty of BDCs here at Income Investors. They usually lend to private businesses in the U.S. Why is this one special? Well, the interesting thing is, while Newtek is structured as a BDC, it does a lot more than just lending. The company provides a wide range of products and services, including electronic payment processing, web hosting, business lending, insurance services, outsourced digital bookkeeping, accounts receivable financing, web design and management, and payroll services.
Source: Income Investors
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