In this day and age, a dividend yield north of 10% often seems too good to be true. But every once in a while, you come across an ultra-high yielder that can actually back its payout...
CM Finance Inc (NASDAQ:CMFN) stock is a good example of this. CM Finance is in the lending business. Headquartered in New York City, the company provides financing solutions to middle-market businesses in the U.S. By collecting interest payments from its loan portfolio, CM Finance can pay regular dividends to its shareholders.
Source: Income Investors
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