BlackRock TCP Capital Corp. (NASDAQ:TCPC – Get Free Report) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.25 per share by the investment management company on Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date is Monday, March 17th.
BlackRock TCP Capital has increased its dividend payment by an average of 4.3% per year over the last three years. BlackRock TCP Capital has a dividend payout ratio of 85.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect BlackRock TCP Capital to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 70.4%.
BlackRock TCP Capital Trading Up 1.5 %
Shares of NASDAQ TCPC opened at $8.08 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 39.37 and a current ratio of 39.37. The business’s 50 day moving average price is $8.86 and its 200-day moving average price is $8.75. BlackRock TCP Capital has a fifty-two week low of $7.71 and a fifty-two week high of $11.52. The company has a market cap of $687.42 million, a price-to-earnings ratio of -16.16 and a beta of 1.55.
Wall Street Analyst Weigh In
Get Our Latest Research Report on BlackRock TCP Capital
BlackRock TCP Capital Company Profile
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals.
Further Reading
- Five stocks we like better than BlackRock TCP Capital
- 5 Top Rated Dividend Stocks to Consider
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Plot Fibonacci Price Inflection Levels
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- High Flyers: 3 Natural Gas Stocks for March 2022
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
Receive News & Ratings for BlackRock TCP Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock TCP Capital and related companies with MarketBeat.com's FREE daily email newsletter.