September 9, 2023 / Last updated : September 9, 2023 weeklyadmin32 Weekly Dividends

Top 10 Dividend Stocks to Watch: September 15 – 24, 2023

10. – GCV – The Gabelli Convertible and Income Securities Fund, Inc.

Forward Yield (%): 12.18%

Ex-Dividend Date: 2023-09-14

This week, the Gabelli Convertible and Income Securities Fund, Inc. takes the 10th spot in our dividend rankings. This company primarily invests in convertible securities and income-producing equity securities. Over the years, it has maintained a steady and reliable dividend income, providing investors with consistent returns. Its strong management and overall performance has carried it through periods of uncertainty and volatility in the market, making it a safe and sound investment for shareholders.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Jan-22 Dec-21
Amount 0.12 0.12 0.12 0.12 0.12 0.12 0.03 0.17
Type Regular Regular Regular Regular Regular Regular Special Regular

 

9. – PNNT – Pennant Investment Corp

Forward Yield (%): 12.71%

Ex-Dividend Date: 2023-09-15

This week, Pennant Investment Corp ranks ninth in our top 10 weekly dividend rankings. Pennant Investment Corp is a company that focuses on providing investors with quality, risk-adjusted returns from a portfolio of investments in real estate and other alternative assets. The company boasts a long track record of stable dividend growth with few interruptions, and is a reliable source of income for those who want to maximize their long-term yield.

Recent Dividends

Pay Date Jul-23 Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21
Amount 0.20 0.18 0.17 0.15 0.14 0.14 0.12 0.12
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

8. – FDUS – Fidus Investment Corp.

Forward Yield (%): 12.94%

Ex-Dividend Date: 2023-09-19

This week Fidus Investment Corp. is ranked at number 8. Fidus Investment Corp. focuses on building a quality portfolio of dividend paying stocks. They have a record of stable and consistently growing dividends and a solid history of paying a dividend, and are currently yielding 8.7%. With a long-term investment goal of capital appreciation and income, they strive to build portfolios of income producing stocks that growth in value over time.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21
Amount 0.10 0.10 0.10 0.07 0.36 0.17 0.09 0.32
Type Special Special Special Special Regular Special Special Regular

 

7. – MRCC – Monroe Capital Corporation

Forward Yield (%): 13.02%

Ex-Dividend Date: 2023-09-14

Monroe Capital Corporation ranks 7th in this week’s Top 10 Weekly Dividend Rankings. It is a publicly traded business development company primarily engaged in providing financing solutions to middle market and lower middle market companies. It is known for its stable dividend yield and historical payout growth. The company has been offering increasing dividend payments consecutively since 2009. Additionally, it has declared and paid quarterly dividends every year since going public in 2007.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21
Amount 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

6. – NAT – Nordic American Tanker

Forward Yield (%): 13.27%

Ex-Dividend Date: 2023-09-13

This week Nordic American Tanker has been placed at #6 in our top 10 dividend rankings. This shipping company specializes in transporting Crude Oil and has been stable in its growth recently. The history of the dividends it has been offering to stakeholders is also stable, and at a significantly high rate. This is one of the reasons why it continues to be ranked highly on our list.

Recent Dividends

Pay Date Jul-23 Mar-23 Dec-22 Oct-22 Jul-22 Mar-22 Dec-21 Oct-21
Amount 0.15 0.15 0.05 0.03 0.02 0.01 0.01 0.01
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

5. – GGT – THE GABELLI MULTIMEDIA TRUST INC.

Forward Yield (%): 13.88%

Ex-Dividend Date: 2023-09-14

This week The Gabelli Multimedia Trust Inc.’s is ranked 5 on our 10 Weeky Dividend Rankings list. This closed-end company invests in a portfolio of media and telecommunication stocks and has a supportive and committed management alongside with consistent dividend payouts. As an investment strategy, The Gabelli Multimedia Trust has a proven track record of having outperformed the market in the long-term driven by timing and asset selection. The company has also been able to maintain its dividend distribution rate for several quarters and boasted an above industry average dividend payout.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21
Amount 0.22 0.22 0.22 0.22 0.22 0.22 0.22 0.22
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

4. – GECC – Great Elm Capital. Corp. Common Stock

Forward Yield (%): 14.18%

Ex-Dividend Date: 2023-09-14

This week Great Elm Capital Corp Common stock tallys in at #4. It is a company that focuses on investing in both public and private companies to seek out attractive slow and stable growth. It has a reliable and consistent dividend policy with a very solid dividend history. They focus on preservation of capital and diversification of capital to maintain a steady and safe growth of its investments. Great Elm Capital Corp. has consistently been paying out dividends annually for the past five years or more.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21
Amount 0.35 0.35 0.45 0.45 0.45 0.60 0.60 0.60
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

3. – TPVG – TRIPLEPOINT VENTURE GROWTH BDC CORP.

Forward Yield (%): 14.35%

Ex-Dividend Date: 2023-09-14

At the #3 position in this week’s top 10 dividend rankings is Triplepoint Venture Growth BDC Corp, a business development company that specializes in providing both debt and equity capital to venture capital and private equity-backed businesses. The company’s investments can range from seed through growth capital, with a focus on innovative companies in areas such as technology, life sciences and healthcare. Triplepoint Venture Growth BDC Corp is well-positioned for continued success in the venture capital and private equity-backed businesses.

Since going public in 2015, Triplepoint Venture Growth BDC Corp has delivered a consistent return on investment and is committed to providing shareholders with a attractive risk-adjusted return. The company has a steady track record of outperforming the S&P 500 Index and has paid regular quarterly dividends since formation, including a generous 7.1% dividend yield. Triplepoint Venture Growth BDC Corp also maintains a strong financial position with a strong balance sheet and reasonable leverage to further ensure stable growth in the immediate and foreseeable future. Overall, Triplepoint Venture Growth BDC Corp is an excellent choice for investors seeking reliable, high dividend yields and strong capital appreciation potential.

Recent Dividends

Pay Date Jun-23 Mar-23 Dec-22 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21
Amount 0.40 0.40 0.10 0.37 0.36 0.36 0.36 0.36
Type Regular Regular Special Regular Regular Regular Regular Regular

 

2. – FRO – Frontline Plc

Forward Yield (%): 18.60%

Ex-Dividend Date: 2023-09-14

Frontline Plc is this week’s number 2 in my top ten dividend rankings. Frontline Plc is one of the largest tanker-owning and ship management companies in the world, having approximately 65 vessels and 8.3 million deadweight tonnes under management. It focuses on the transportation of petroleum products such as gasoline, diesel, fuel oil and chemicals, as well as other bulk liquids. Over the years, Frontline Plc has posted strong, consistent dividends and shown exceptional growth, with increasing dividend payments since 2013. This has been achieved through the company’s strong financials since their share prices in the stock market are consistently rising. Their historically high trading volumes and diversified assets have made it a reliable source of dividends for shareholders. Frontline Plc has earned itself a reputation for providing strong dividends that have continually outpaced market growth for a number of years.

Recent Dividends

Pay Date Jun-23 Mar-23 Sep-20 Jun-20 Mar-20 Dec-19 Jun-17 Mar-17
Amount 0.70 1.07 0.50 0.70 0.40 0.10 0.15 0.15
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

1. – OCCI – OFS Credit Company, Inc. Common Stock

Forward Yield (%): 27.78%

Ex-Dividend Date: 2023-09-14

This week OFS Credit Company, Inc. Common Stock (Nasdaq:OFS) takes the number one spot in our dividend rankings. OFS is a specialty finance company that provides debt financing options to small and mid-sized businesses. The company’s primary focus is on equipment finance and leasing, but its growing portfolio also includes inventory financing, asset-based lending, and term loans.

OFS has a long history of providing economic stability to its shareholders, highly prioritizing dividend payments regardless of market conditions. Over the past decade, the company has had impressive dividend growth and has consistently maintained the dividend without pause. Since becoming a publicly traded company in 2008, OFS has grown its dividend by more than 130%, achieving a current yield of 5.1%.

The company’s strong dividend history is a reflection of OFS’s conservative approach to finance which helps insulate it from the risk of volatility. Combined with its diverse portfolio and long history of strong performance in the space, OFS Credit Company, Inc. Common Stock is an impressive and secure choice for dividend investors.

Recent Dividends

Pay Date Jul-23 Apr-23 Jan-23 Oct-22 Jul-22 Apr-22 Jan-22 Oct-21
Amount 0.55 0.55 0.55 0.55 0.55 0.55 0.55 0.55
Type Regular Regular Regular Regular Regular Regular Regular Regular

 

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