High Dividend Stock Yields 10%, Pays Monthly, Is Below Book Value

Have you ever wanted to get a piece of the venture capital action, as it relates to the Life Sciences and Tech industries? How about doing so, while earning a 10%-plus yield, and getting paid every month? We've been hot on the monthly dividends trail in some of our most recent articles, and have come up with a few Canadian stocks which fill the bill, albeit with some currency exchange risk. This stock yields 10.73%, and has paid a steady monthly dividend since December 2012. It will benefit from rising interest rates, and has no Energy exposure. It's selling below book value, and also looks undervalued on a PEG basis.

This led us to explore US-based companies which pay monthly, to see if we could avoid any currency risk. We found one, Horizon Technology Finance, (NASDAQ:HRZN), which has been faithfully paying a monthly distribution of $.115 since December 2012. HRZN is a business development company specializing in lending and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It's based in Connecticut, and it IPO'd in October 2010.

Source: Seeking Alpha

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