In this week’s episode of his trailblazing YouTube series State of the Market, Chief Income Strategist Marc Lichtenfeld explains an often-overlooked way for investors to get the most from their savings… and collect payouts up to once per month.
Most dividend investors receive their income quarterly.
It’s a tried-and-true way to generate wealth over time and build a comfortable retirement.
But the fact is, for investors who use their dividend income to support themselves in retirement, expenses come more than once per quarter.
In pursuit of monthly payouts, some investors turn to closed-end funds.
Many of them miss what is right under their noses…
There are several stocks that pay monthly dividends – and Marc features three of the highest-yielding ones in this week’s episode of State of the Market.
All three are business development companies, or BDCs. BDCs invest in or lend money to private businesses, giving shareholders indirect exposure to high-growth opportunities they might not be able to invest in otherwise.
In fact, Kiplinger calls these high-yielding companies “private equity for the common man.”
But as with investing in any dividend payer, it’s just as crucial to avoid pitfalls and dividend cuts as it is to seek out generous yields…
Watch this week’s episode to discover which BDCs pay generous monthly dividends – and whether those payouts are secure.