Their competitive advantage is the diversity of their strategies [image-GoldenGate] Introducing a new business development company, (a "BDC" as they're known). BDCs provide capital to small businesses, especially those who can't get funds from a traditional bank. The firm who owns the BDC manages over $170 billion in assets... so they're no small potatoes. They've grown at breakneck pace. [Chart]( Following a recent merger internally, the company has seen its dividend 2X over the past three years. Revenue has grown 50X over the last seven years... And they've posted profits through Covid and rapidly rising interest rates. I expect their dividend to grow 9-10% each year... which should entice more attention and drive the stock price up. This BDC follows all 3 of my dividend investing criteria: #1. Small business financing will be around for the next 100+ years. Businesses start daily. With $170B+ in assets under management (and climbing), this BDC has the equity to weather high interest rates. #2. Their competitive advantage is the diversity of their strategies. This BDC is different because they don't pigeon-hole themselves into only the health of the small business. They provide credit, buy equity, but also purchase real assets like real estate and even 'dip buy' public stocks on the market. By diversifying, they can weather a recession better than other BDCs who will see more small business defaults. #3. Dividend just doubled and paid despite economic headwinds. Many dividend payers slashed dividends during Covid. This BDC has doubled them since. Profits are strong which helps with the cashflow to keep paying us our checks. This is my dividend growth bet over the next decade⦠and you can buy it now. The yield is strong at 11.3%. If they keep raising the dividend, more shareholders will push the price up. I'd get in now while it's under $30. [This is just 1 of 3 High Yield Dividend Stocks I recommend to buy and hold over the next decade.]( I detail all 3 on the next page and in my new report: 3 Stocks to Hold for 6-Figures in Dividends Over the Next Decade! [Click here for the details on this stock and the two others.]( [Tim Plaehn Editor]( P.S. I recommended 3 dividend stocks in 2014... and if you held them for the last decade, you could've earned up to $671,727 in dividends. That's an average of $5,597 in income each month. Now, I'm releasing 3 new picks to hold for the next decade. [Here they are.](
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