Can You Rely on This 11.6% Yield?

In the investment world, markets can be efficient. This means that if something seems too good to be true, it probably is. Still, it’s hard to pass up the opportunity of owning a stock that pays you a cash return of more than 10%. Should Investors Consider This Ultra-High Yielder?...

I’m talking about Corporate Capital Trust Inc (NYSE:CCT), a business development company (BDC) headquartered in San Francisco. At first glance, CCT seems like one of those “too good to be true” stocks. With a quarterly dividend rate of $0.402 per share, the company offers a jaw-dropping annual yield of 11.6%. To put this in perspective, the average dividend yield of all S&P 500 companies is just 1.9% at the moment.

Source: Income Investors

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