This 11.3% Yield (Paid Monthly) Looks Interesting

This has got to be the most interesting high-yield opportunity to watch this earnings season. The company was already one of the most generous dividend payers in the stock market, and it was already offering a monthly payout schedule. But due to the latest earnings report, investors purchasing its shares today can lock in an even higher yield than before.

I’m talking about Prospect Capital Corporation (NASDAQ:PSEC), a business development company (BDC) headquartered in New York City. When I said investors can lock in a higher yield, you probably assumed that the company had just raised its dividend. At the end of the day, the first earnings season of a calendar year is a popular time for corporations to announce dividend hikes.

Source: Income Investors

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