FS Investment Corporation (FSIC)

[CAretiree]

Greetings from California!

I've changed my investment strategy to concentrate on stocks with mid to higher dividend/distribution rates payable monthly. My portfolio mostly consists of a mix of Business Development Companies (BDC), Master Limited Partnerships (MLP) in the oil and gas sector and Real Estate Investment Trusts (REIT). I use Scottrade's Flexible Reinvestment Program (FRIP) to reinvest the dividends.

FS Investment Corporation, a BDC, is the most recent acquisition to my portfolio. In addition to paying a monthly dividend, currently $.07425 per share, two special dividends of $.10 are scheduled for August and November. I'll update you with the details in my next post.