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Home / Investments Portfolios / Dividend Portfolio / Business Development Companies / 9.62% Dividend Yield On My Latest Purchase

9.62% Dividend Yield On My Latest Purchase

Today, I added about 14 shares of Oaktree Specialty Lending, a BDC (Business development company) to my already large ($10K+ BDC portfolio).

Bellow is one transactions I did, valued in total at $100.

Why did I buy Oaktree Today?

A few reasons, here are the top ones:

Reason #1
9.62% divided 
as per Robinhood at the time of this writing. That’s an awesome divided by the way.

Reason # 2
Robinhood App, 6 Analyst ratings of 100% buy. This is very rare indeed. You don’t see it every day.

Reason # 3
It’s a BDC (business development company) 
and they tend to pay high dividends, and I am looking to add substantial cash to my overall investments in this sector. Oaktree is just one of many companies I am investing in to meet this goal.

Reason # 4
Earnings per share are trending in the right direction 
(mostly increasing)and appear to be stable, ranging from $0.17 to $0.18 per share.

Reason #5
Growth in dividend payout per share. Most recently, paying $0.165 per share as of 6/30/22, which is up from $0.13 same time, last year.

Dividends per share over time:

  • Jun 30, 22 = $0.165 per share
  • Mar 31, 22 = $0.16 per share
  • Dec 31, 21 = $0.155 per share
  • Oct 1, 21 = $0.145 per share
  • Jun 30, 21 = $0.13 per share
  • Mar 31, 21 = $0.12 per share

Oaktree is part of my 2022 BDC Master list of BDC that at this point look to be great buys.

Disclosure: I have a beneficial long term position in the shares of Oaktree via stock ownership. I wrote this article myself, and it shares my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational and entertainment purposes and does not constitute as financial advice. I encourage you and expect you to do your own due diligence and draw your own conclusions prior to making any investment decisions.

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