Dividends4Life: Looking for Monthly Dividends? Consider This 10.7% Yielder

If you’ve been following this column, you’d know that monthly dividend stocks tend to come from two main types of businesses: real estate and lending. Today’s chart highlights one of the most generous monthly dividend payers in today’s market.

Structured as a business development company (BDC), Prospect Capital Corporation (NASDAQ:PSEC) solutions to middle-market businesses in the U.S. and Canada. While Prospect Capital makes both debt and equity investments, it has a strong focus on senior and secured lending. As of September 30, 2018, the company has 44.3% of its portfolio invested in first-lien loans, plus another 21.7% invested in second-lien loans.

Source: Income Investors

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