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3 Ultra-High-Yield Dividend Stocks to Buy Hand Over Fist in May
The Motley Fool· 2025-05-01 07:45
Core Viewpoint - The article discusses three ultra-high-yield dividend stocks that investors should consider, highlighting their strong performance and growth potential in the current market environment. Group 1: Ares Capital - Ares Capital has a forward yield of 9.3% and has maintained stable or growing payouts for 15 consecutive years [3][5] - The company has the highest regular dividend growth over the last 10 years among externally managed business development companies with a market cap over $700 million [3] - Ares Capital primarily provides capital to middle-market businesses, representing a $3 trillion opportunity, with an additional $2.4 trillion from companies with revenues over $1 billion [4] - The company is well-positioned to capture market share, being the largest publicly traded business development company with a strong balance sheet and deep industry relationships [5] - Concerns regarding the CEO transition are mitigated by the new CEO's extensive experience within the company and industry [6] Group 2: Enterprise Products Partners - Enterprise Products Partners offers a forward yield of 6.9% and has increased its distribution for 26 consecutive years [7] - The company has demonstrated resilience in its cash flows during economic downturns, including the Great Recession and the COVID-19 pandemic [8] - Global demand for liquid hydrocarbons is expected to grow, with the U.S. maintaining a competitive advantage due to low production costs, positively impacting Enterprise's growth prospects [9] Group 3: Verizon Communications - Verizon Communications has a forward dividend yield of 6.3% and has increased its payouts for 18 straight years [10] - Despite a declining stock market, Verizon's share price has risen due to limited exposure to tariffs and strong business performance [11][12] - The company is expanding its offerings through the acquisition of Frontier Communications, expected to close in Q1 2026, which will enhance its products and services for consumers and small businesses [13]
WhiteHorse Finance, Inc. To Report First Quarter 2025 Financial Results
Prnewswire· 2025-04-28 20:30
Core Viewpoint - WhiteHorse Finance, Inc. is set to release its first quarter financial results for the period ending March 31, 2025, on May 12, 2025, with a conference call scheduled for May 13, 2025, at 4:30 p.m. ET [1] Company Overview - WhiteHorse Finance is a business development company that focuses on originating and investing in loans to privately held, lower middle market companies across various industries [4] - The investment activities of the company are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, which manages over $65 billion in capital across multiple funds targeting small and mid-cap markets [4]
Capital Southwest Announces Regular Dividend of $0.58 per share and Supplemental Dividend of $0.06 per share for the Quarter Ending June 30, 2025
GlobeNewswire News Room· 2025-04-28 20:01
Core Viewpoint - Capital Southwest Corporation has declared a regular dividend of $0.58 per share and a supplemental dividend of $0.06 per share for the quarter ending June 30, 2025 [1][2]. Dividend Details - Regular Dividend Amount Per Share: $0.58 [2] - Supplemental Dividend Amount Per Share: $0.06 [2] - Ex-Dividend Date for both dividends: June 13, 2025 [2] - Record Date for both dividends: June 13, 2025 [2] - Payment Date for both dividends: June 30, 2025 [2] Dividend Reinvestment Plan - Capital Southwest offers a Dividend Reinvestment Plan (DRIP) for registered stockholders, allowing dividends to be automatically reinvested into additional shares of common stock [3]. Company Overview - Capital Southwest Corporation is based in Dallas, Texas, and is an internally managed business development company with approximately $1.7 billion in investments at fair value as of December 31, 2024 [4]. - The company focuses on middle market lending, supporting acquisitions and growth of businesses with investments ranging from $5 million to $50 million across various capital structures [4]. - As a public company with a permanent capital base, Capital Southwest has the flexibility to provide creative financing solutions and support the long-term growth of its portfolio companies [4].
Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended March 31, 2025 and Declaration of Distributions on Common Stock for the Months Ending July 31, August 31, and September 30, 2025
Globenewswire· 2025-04-25 12:00
Core Viewpoint - Oxford Square Capital Corp. reported its financial results for the quarter ended March 31, 2025, highlighting a decrease in net asset value and net losses from operations compared to the previous quarter [1]. Financial Performance - Net asset value (NAV) per share decreased to $2.09 as of March 31, 2025, down from $2.30 on December 31, 2024 [1]. - Net investment income (NII) for the quarter was approximately $6.1 million, or $0.09 per share, compared to $6.0 million, or $0.09 per share, for the previous quarter [1]. - Total investment income remained stable at approximately $10.2 million for the quarter, similar to the previous quarter [1]. - Total expenses for the quarter were approximately $4.1 million, a slight decrease from $4.2 million in the previous quarter [1]. Investment Income Breakdown - Investment income for the quarter included $5.5 million from debt investments, $4.0 million from CLO equity investments, and $0.7 million from other income [1]. - The weighted average yield of debt investments was 14.3%, down from 15.8% as of December 31, 2024 [1]. - The weighted average effective yield of CLO equity investments increased to 9.0% from 8.8% in the previous quarter [1]. - The cash distribution yield of cash income-producing CLO equity investments was 16.0%, slightly down from 16.2% [1]. Operational Metrics - The company recorded a net decrease in net assets resulting from operations of approximately $8.1 million, which included NII of $6.1 million, net realized losses of $12.2 million, and net unrealized depreciation of $2.1 million [1]. - Investment activity included purchases of approximately $16.0 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million during the quarter [1]. - The weighted average credit rating was 2.2 based on total fair value, down from 2.3 as of December 31, 2024 [1]. Shareholder Distributions - The Board of Directors declared distributions of $0.035 per share for July, August, and September 2025 [1]. - The company issued approximately 1.3 million shares of common stock, resulting in net proceeds of approximately $3.5 million [1]. Assets and Liabilities - Total assets as of March 31, 2025, were approximately $285.5 million, down from $299.7 million as of December 31, 2024 [5]. - Total liabilities were approximately $136.6 million, compared to $139.1 million in the previous quarter [5]. - Net assets totaled approximately $148.9 million, down from $160.7 million [5].
PennantPark Floating Rate Capital Ltd. Amends Credit Facility, Lowering Spread and Extending Maturity
Globenewswire· 2025-04-22 20:05
Core Points - PennantPark Floating Rate Capital Ltd. amended its credit facility agreement, reducing pricing to SOFR plus 200 basis points from SOFR plus 225 basis points, extending the reinvestment period to August 2028, and extending the maturity date to August 2030 [1][2] - The maximum first lien advance rate increased to 72.5% from 70.0%, while commitments decreased from $736 million to $718 million [1] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt [4] - The company is managed by PennantPark Investment Advisers, LLC, which manages approximately $10 billion of investible capital and offers a range of financing solutions to middle-market borrowers [5]
New Strong Buy Stocks for March 31st
ZACKS· 2025-03-31 09:55
Group 1 - Kingstone Companies, Inc. (KINS) has seen a 22.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - REX American Resources Corporation (REX) has experienced a 15.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - CION Investment Corporation (CION) has seen an 8.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - ACNB Corporation (ACNB) has experienced an 11.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Forum Energy Technologies, Inc. (FET) has seen a 17.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]