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Sam Stovall, chief equity strategist at S&P Capital IQ, said dividend-paying stocks have been hit harder than most in recent weeks, in anticipation of higher dividend taxes in 2013, as well as a possible higher capital gains tax.
As far as dividends go, BDCs are similar to REITs and most of the dividends are non-qualified, meaning taxable at the ordinary income rate of the taxpayer, not the favored lower dividend tax rate.
good to know. thank you.
The Street just upgraded PSEC to BUY.
Not that it means anything. They have everything as BUY.