This Dividend Stock Has Returned 157% Over the Past 10 Years. You Can Buy It Today for Just $15
One of the components of a diversified portfolio is dividend investments. While many different types of companies pay dividends, one of the more generous types is business development companies (BDCs).
BDCs are required to pay out at least 90% of taxable income to shareholders in the form of a dividend. Hercules Technology Growth Capital (NYSE: HTGC) is a leading BDC that specializes in a vehicle called venture debt for life sciences, energy, and technology businesses. The company competes with traditional banks that may not be willing to make a loan to a start-up given its risky growth profile.
Over the past decade, Hercules stock has a total return of nearly 160%. This multibagger stock could be really attractive for dividend investors. And with shares trading below their 52-week range, now could be a great opportunity to open a position.
Source Fool.com
