In this article, I list 3 stocks I think are great investments for millennial dividend investors looking to build an income-focused portfolio. All three are leaders in their respective industries and have track records of operational success that will likely continue for the long term. These 3 stocks are considered riskier investments as a result of their industries but offer investors dividend growth for the long term as a result of their well-covered dividends.
Main Street Capital is a top-notch business development company with strong dividend growth and low operating costs. However, there is a storm of bad news brewing for the stock. We share our concerns and how investors may want to approach the stock moving forward.
Main Street Capital has been a top-performing business development company with a 6% dividend yield and strong price growth. MAIN's portfolio is diverse and well-managed, with a focus on lower middle market companies and a high level of transparency in reporting. The company's financials show strong growth in net investment income and distributable net investment income, leading to consistent dividend increases and supplementals.