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Secret High-Yield Dividend Tech Stock (Palantir, Coursera, Nextdoor)
Today’s article examines a little-known, high-yielding dividend stock with exposure to some of the hottest names in tech. This is not a fund, nor is it a “gotcha” company where I list an obvious semiconductor business or Microsoft.
Today’s stock in question is SuRo Capital.
This is a business development company that invests in other people’s project. Basically like a venture capitalist fund. And, SuRo Capital has big positions in some of the most well-known tech startups.
Here’s a slide from SuRo Capital’s investor presentation:
The business has stakes in trendy companies like Palantir, Nextdoor, and Coursera. SuRo Capital has also made late-stage (but pre IPO) investments into: Facebook, Lyft, Spotify, Twitter, and many other big-name tech firms you probably know.
SuRo Capital Is A High-Yield Dividend Stock
Most tech companies do not pay a dividend. If you bought Palantir outright, you would have to rely solely on capital appreciation. Same with Lyft or Facebook, or really any newer tech company that you…
