Good Q2 Earnings, 12% Yield, 6% Dividend Hike

Looking for a high yield income vehicle that'll benefit from rising interest rates? This company just raised its upcoming dividend by 6%, to $0.32. It'll also pay a $0.15 supplemental dividend again in August. Hercules Capital had record Q2 gross debt and equity commitments of over $1.04B. It will benefit from rising interest rates.

Business development companies, known as BDCs, offer retail investors high yield exposure to private companies, and some of them, like Hercules Capital, Inc. (NYSE:HTGC) focus on companies which are already backed by venture capital firms. These other firms don't want to lose their investments, and will continue to support these companies. This has been crucial during the pandemic.

Source: Seeking Alpha

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