I've More Than Tripled My Stake in This Historically Cheap, High-Octane Dividend Stock That's Yielding 13.2%
While things aren't picture-perfect for this supercharged dividend stock, its 26% discount to net asset value (NAV) is impossible to ignore.
Overview
With roughly 28 years of investing experience under my belt, I find myself more and more aligned with Warren Buffett's investing philosophy. Namely, I'm constantly looking to the horizon and am unwavering when it comes to value.
Many of my more than three dozen positions have been held for several years. But with the stock market a stone's throw from its priciest valuation in history, I've struggled to find good deals. Although I've been a net seller of stocks in 2026, one of the few exceptions to this selling activity has been ultra-high-yielding business development company (BDC), PennantPark Floating Rate Capital (NYSE: PFLT).
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Originally published at www.fool.com.