Even in today’s bloated stock market, you can still find dozens of companies offering double-digit payouts. But after taking a closer look, you’d see that most of the time, an ultra-high dividend yield turns out to be a sign of trouble. Little-Known Business Offers a Big Yield...
And that, my dear reader, is why THL Credit, Inc. (NASDAQ:TCRD) is special. The company not only offers a yield higher than 99% of stocks trading in today’s market, it actually makes enough money to cover its payout. Allow me to explain: THL Credit is a closed-end investment company headquartered in Boston, Massachusetts. It provides debt and equity financing solutions primarily to middle market businesses in the U.S.
Source: Income investors
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