Since I started in this business, I have never met anyone who doesn’t like monthly dividends. The reason is simple: our bills are due every month, yet most companies pay dividends on a quarterly basis. It would take some serious budgeting to match quarterly dividends with monthly expenses.
Fortunately, in the U.S. stock market, there are a few dozen companies that pay dividends every month. Great Elm Capital Corp (NASDAQ:GECC) happens to be one of the most generous. Headquartered in Waltham, Massachusetts, Great Elm Capital is a business development company that invests in America’s middle-market businesses. Its primary focus is lending to private middle-market companies, which typically have enterprise values of between $100.0 million and $2.0 billion. By earning a recurring stream of interest payments from its debt investments, Great Elm Capital can pay a steady dividend.
Source: Income Investors
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