Interest rates are rising, and despite chatter that the Federal Reserve may pause in the fall, that will depend on when inflation decides to pause. Based upon current food and fuel prices, that does not look to be anytime soon.
So what are balanced growth and income investors to do? One thing that makes a lot of sense is looking at business development stocks that pay outsized dividends and offer growth potential.
Business development companies (BDCs) are organizations that invest in small and medium-sized companies, as well as distressed companies. A BDC helps these firms to grow in the initial stages of their development or to regain sound financial footing.
Jefferies is very positive on these six top BDCs…
The post These 6 ‘Strong Buy’ Business Development Companies Pay Massive Dividends originally appeared at 24/7 Wall St.