With savings accounts paying next to nothing, more and more income investors are drawn to the dividend-paying companies trading on the stock market. In particular, there is a group of companies we call “alternative banks” that have been dishing out some serious cash returns to their shareholders.
Case in point: Owl Rock Capital Corp (NYSE:ORCC) is a business development company (BDC) headquartered in New York City. The company is not a bank in the traditional sense, because it doesn’t have any branches for you to walk in and cash a check. Instead, it provides direct lending solutions to middle-market businesses. As I said, alternative banks can be very, very generous. Right now, Owl Rock Capital stock has a quarterly dividend rate of $0.31 per share. With ORCC stock trading at $15.86 apiece, this translates to an annual yield of 7.8%.
Source: Income Investors
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