For income investors, few things are better than a high-yield monthly dividend stock. Consider that most of our bills have to be paid every month, yet most companies pay dividends on a quarterly basis. For investors living off their dividends, it would make life much easier if they had some stocks that also distribute cash every month. If you think spending over half a million dollars just to earn $10,000 a year is too much, you are not alone...
That’s why I’m going to show you a company that not only offers a much higher yield than the benchmark’s average, but also pays investors every month. I’m talking about Horizon Technology Finance Corp (NASDAQ:HRZN). Headquartered in Farmington, Connecticut, Horizon Technology Finance Corp is a closed-end investment company. It focuses on investing in four target industries: technology, life science, healthcare information and services, and cleantech.
Source: Income Investors
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