Dividends4Life: This 13% Yielder Deserves an Upgrade

Dividend Growth Stocks News

This 13% Yielder Deserves an Upgrade

Posted by D4L | Wednesday, July 04, 2018 | | 0 comments »

Should Income Investors Consider This High-Yield Stock? In today’s market, most double-digit yielders are not perfect. Quite often, a company can offer an ultra-high yield only because of the downturn in its share price.

And that was pretty much the case for Garrison Capital Inc (NASDAQ:GARS). The company completed its initial public offering (IPO) in March 2013. But since the summer of 2015, its share price started going downhill. Trading at $8.56 apiece, GARS stock has a lot more than 40% of its value since IPO. Ouch! Because dividend yield moves inversely to share price, the huge drop in GARS stock has made it one of the highest-paying companies in the current stock market. With a quarterly dividend rate of $0.28 per share, Garrison Capital offers a staggering annual yield of 13.1%.

Source: Income Investors

Related Articles:
- All Investing Involves Risk
- 4 Dividend Stocks With Room To Increase Their Payout
- High-Quality, Low-Risk Dividend Stocks
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Are ETFs and CEFs Good Dividend Growth Investments?



Post a Comment

Note: Only a member of this blog may post a comment.