Dividends4Life: 13% Yield, 17% Discount, Minimal Portfolio Issues, No K-1

This company yields 12.96%. Management already declared the regular and special September dividends. Its portfolio companies are holding up well - only 2% non-accruals as of 6/30/20. Given the big impact and future uncertainty of the COVID-19 shutdowns, you'd expect there to be a lot of fallout in its holdings, but this hasn't been the case.

Like a few of the other high-yield vehicles we've covered in our recent articles, Owl Rock Capital Corp. (ORCC), a business development company, has had a rough time in 2020. Although it has bounced nearly 51% from its March lows, it's still down -31% in 2020, and -22% over the past year. It trails the UBS ETRACS Wells Fargo Business Development Company ETN - BDCS, the Financial Select Sector SPDR Fund - XLF, and the S&P 500 in 2020.

Source: Seeking Alpha

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