BDC Dividends

Business Development Companies — BDCs for short — typically elect RIC (Regulated Investment Company) status, which means the company is then required to distribute 90% of taxable income to shareholders. As long as the company is doing well and producing taxable income (as opposed to losses), investors in BDCs can therefore expect to receive dividends. BDC dividends are often quite high due to this enforced high payout ratio, and furthermore BDCs can avoid a federal excise tax if they take their taxable income payout ratio up to 98%. The result is that BDCs with high earnings produce extraordinarily high levels of BDC dividends to shareholders. Below is a list of BDC dividends ranked by yield on current share price (highest to lowest) as well as yield on the BDC's net asset value (NAV).
RankBDCYield 
#1  OXSQ 14.90% 
#2  CSWC 13.61% 
#3  TCRD 12.32% 
#4  NEWT 12.06% 
#5  FSK 12.06% 
#6  OFS 11.99% 
#7  MRCC 11.97% 
#8  CPTA 11.75% 
#9  PTMN 11.54% 
#10  PNNT 11.36% 
#11  FDUS 11.14% 
#12  PSEC 11.04% 
#13  BKCC 10.87% 
#14  HCAP 10.56% 
#15  AINV 10.51% 
#16  GARS 10.38% 
#17  WHF 10.14% 
#18  TPVG 10.13% 
#19  GBDC 10.09% 
#20  TCPC 9.94% 
#21  NMFC 9.86% 
#22  HTGC 9.85% 
#23  HRZN 9.69% 
#24  SCM 9.51% 
#25  PFLT 9.13% 
#26  MCC 8.89% 
#27  SAR 8.84% 
#28  GSBD 8.62% 
#29  ARCC 8.54% 
#30  GLAD 8.06% 
#31  ABDC 8.00% 
#32  SLRC 7.98% 
#33  ORCC 7.77% 
#34  SUNS 7.77% 
#35  MVC 7.50% 
#36  OCSI 7.43% 
#37  OCSL 7.24% 
#38  TSLX 7.18% 
#39  OHAI 6.20% 
#40  BBDC 5.78% 
#41  MAIN 5.73% 
#42  GAIN 5.60% 
#43  RAND 0.00% 
Average: 9.38% 
RankBDCYield on NAV 
#1  NEWT 18.43% 
#2  CSWC 16.39% 
#3  OXSQ 14.76% 
#4  HTGC 13.49% 
#5  MRCC 11.35% 
#6  GBDC 10.98% 
#7  TPVG 10.69% 
#8  OFS 10.68% 
#9  CPTA 10.64% 
#10  TCPC 10.60% 
#11  GSBD 10.60% 
#12  FDUS 10.44% 
#13  HRZN 10.28% 
#14  GLAD 10.22% 
#15  NMFC 10.19% 
#16  MAIN 10.17% 
#17  TCRD 10.07% 
#18  FSK 9.67% 
#19  AINV 9.63% 
#20  SCM 9.44% 
#21  TSLX 9.33% 
#22  ARCC 9.27% 
#23  WHF 9.24% 
#24  ORCC 9.20% 
#25  SAR 9.15% 
#26  PFLT 8.79% 
#27  SUNS 8.65% 
#28  BKCC 8.63% 
#29  HCAP 8.33% 
#30  PNNT 8.29% 
#31  PSEC 8.12% 
#32  SLRC 7.49% 
#33  PTMN 6.76% 
#34  GARS 6.64% 
#35  GAIN 6.62% 
#36  ABDC 6.56% 
#37  OCSI 5.82% 
#38  OCSL 5.30% 
#39  MVC 5.23% 
#40  BBDC 5.18% 
#41  OHAI 4.55% 
#42  MCC 4.40% 
#43  RAND 0.00% 
Average: 9.08% 
9 hours, 49 minutes ago:
New ValueForum BDC post:
SAR CC and last quarter results
13 hours, 21 minutes ago:
New Article:
Top Buys by Top Brass: COO Rosenthal's $188.4K Bet on OXSQ
14 hours, 40 minutes ago:
New ValueForum BDC post:
Re: 5717 Classic reposted ... ...
15 hours, 2 minutes ago:
New ValueForum BDC post:
Re: 5717 Classic reposted ...
17 hours, 30 minutes ago:
New Article:
Reminder - Barings BDC (BBDC) Goes Ex-Dividend Soon
20 hours, 4 minutes ago:
New Article:
This Stock Has A 10.14% Yield And Sells For Less Than Book
20 hours, 30 minutes ago:
New Press Release:
Main Street Issues Reminder Regarding Upcoming Dividend Activity
Thu, Dec 5, 6:48 PM:
New ValueForum BDC post:
ARCC valuation from SA- S Kennedy
Thu, Dec 5, 4:47 PM:
New Article:
Oaktree Strategic Income (OCSI) Shares Cross Above 200 DMA
Thu, Dec 5, 4:47 PM:
New Article:
FDUS Crosses Below Key Moving Average Level
Thu, Dec 5, 4:30 PM:
New Article:
Triplepoint Venture Growth BDC Enters Oversold Territory (TPVG)
Thu, Dec 5, 11:33 AM:
New Article:
Whitehorse Finance (WHF) Shares Cross Below 200 DMA
 

BDC Dividends | www.BDCInvestor.com | Copyright © 2002 - 2019, All Rights Reserved

Nothing in BDCInvestor.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent. Contact BDC Investor; Meet Our Editorial Staff.