Dividends4Life: 8% Yield, Good Dividend Coverage, NAV Up 15%

8% Yield, Good Dividend Coverage, NAV Up 15%

Posted by D4L | Thursday, May 27, 2021 | | 0 comments »

BDC's offer the retail investor exposure to privately-held firms, which often also are funded by venture capital firms. This stock yields 8.3%, with 1.07 dividend coverage in Q1 2021. NAV/share rose 15% in Q1 2021 vs. Q1 2020. Net acquisitions hit their highest point in five quarters.

BlackRock TCP Capital Corp (TCPC) is a Business Development Company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10M and $35M in companies with enterprise values between $100M and $1500M. It prefers to make equity investments in companies for an ownership stake.

Source: Seeking Alpha

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