This 13% Yielder Deserves an Upgrade

Should Income Investors Consider This High-Yield Stock? In today’s market, most double-digit yielders are not perfect. Quite often, a company can offer an ultra-high yield only because of the downturn in its share price.

And that was pretty much the case for Garrison Capital Inc (NASDAQ:GARS). The company completed its initial public offering (IPO) in March 2013. But since the summer of 2015, its share price started going downhill. Trading at $8.56 apiece, GARS stock has a lot more than 40% of its value since IPO. Ouch! Because dividend yield moves inversely to share price, the huge drop in GARS stock has made it one of the highest-paying companies in the current stock market. With a quarterly dividend rate of $0.28 per share, Garrison Capital offers a staggering annual yield of 13.1%.

Source: Income Investors

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