Dividends4Life: This 10.5% Yield Keeps Getting Higher

This 10.5% Yield Keeps Getting Higher

Posted by D4L | Monday, November 26, 2018 | | 0 comments »

This just might be the most interesting high-yield stock I’ve seen so far this year. The company comes from a traditionally high-yield industry, but its business differs quite a bit from its peers. And the best part is, this high-dividend stock just raised its already impressive payout.

The stock in question is Newtek Business Services Corp (NASDAQ:NEWT), a business development company (BDC) that has been around since 1998. If you’ve been following this column, you’d know that BDCs can be great for yield-seeking investors. Many of them are lenders to middle-market businesses in the United States. By providing financing solutions to these businesses—who can’t always get loans from banks, BDCs can earn outsized interest income.

Source: Income Investors

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