Succinct Summation of Week’s Events 8.7.20 (plus Monthly Dividend Stocks With Double-Digit Yields)

Below is the usual weekly summation, the main positive being that strong tech keeps the markets rolling, the main negative (besides the failure of Congress to pass a relief bill) being the payrolls in July, though they came in just a little below forecast (that's what it says in this column though, during the week, it was reported they were actually a little above forecast) nevertheless rose quite a bit less than in June. The bonus this Sunday is Part II of my dividend report from U.S. News Invested, this time with good companies that pay double-digit dividends meaning that they are actually beating the market and with relative safety.  It is an option to consider.  Summer has come back. Hope everyone enjoyed the weekend.  

Succinct Summation of Week’s Events 8.7.20

August 7, 2020 4:30pm by Barry Ritholtz

Succinct Summations for the week ending August 7th, 2020

Positives:

1. Markets continue to rally on strong tech earnings
2. Jobless claims fell 249k w/o/w from 1.435M to 1.186M.
3. Non-farm payrolls rose 1.763M m/o/m, above expectations.
4. Unemployment rate came in at 10.2%, down from previous 11.1%.
5. PMI Services index came in at 50.0 for July, above the previous 49.6.
6. ISM Mfg Index came in at 54.2 for July, above the expected 53.5.

Negatives:

1. USA fails to secure extension of UE benefits, eviction freeze or stimulus.
2. Home mortgage apps fell 1.8% after the previous decrease of 2.0%.
3. ADP employment report came in at 167k for July, below the expected 1.888M.
4. Private payrolls rose 1.462M m/o/m, below the expected increase of 1.525M.
5. Factory orders rose 6.2% m/o/m, below the previous increase of 7.7%.
6. Construction spending fell 0.7% m/o/m, below the expected increase of 1.3%.

8-6-20 7 Monthly Dividend Stocks With Double-Digit Yields | Dividends | US News

7 Monthly Dividend Stocks With Double-Digit Yields

These stocks may carry risk, but they offer regular income for investors.

By Jeff Reeves, Contributor Aug. 6, 2020, at 2:55 p.m.

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7 Monthly Dividend Stocks With Double-Digit Yields

These big-yield stocks pay you each month.

There are many high-quality dividend stocks out there, but typically they only pay investors on a quarterly basis. And sometimes, dividend payers only offer one distribution to shareholders in an entire year. There's a group of stocks that buck this trend, however, and offer monthly payouts – and within that universe, there is an even smaller list of monthly dividend stocks that deliver frequent paydays with impressive annualized yields of more than 10%. Frequently these stocks are risky, borrowing heavily and deploying capital aggressively to deliver those kinds of results. That said, if you're not afraid of this business model, here are seven monthly dividend stocks with double-digit paydays.

 

Monthly dividend stocks with double-digit yields:

• AGNC Investment Corp. (AGNC)
• Armour Residential REIT (ARR)
• Gladstone Capital Corp. (GLAD)
• Horizon Technology Finance Corp. (HRZN)
• Prospect Capital (PSEC)
• Sabine Royalty Trust (SBR)
• Stellus Capital Investment Corp. (SCM)