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Dividend Increases For The High-Yield BDC Sector, Part 4: Main Street Capital

Published Tue, 26 Feb 2019 17:01:13 -0500 on Seeking Alpha

Business development companies, or BDCs, are almost halfway through reporting calendar year-end results, and this article discusses some of the items that investors should be watching when Main Street Capital (MAIN) reports later this week.
Sources: SEC filings and bdcbuzz.com.
Previous MAIN Article Follow-Up:

This article is a follow-up to "This High-Yielding, Sleep-Well Investment Is About To Announce A Dividend Increase" from July 2018 that mentioned:
I am predicting another monthly dividend increase to $0.195 per month to be announced before the company reports earnings on August 2, 2018
On August 1, 2018, MAIN announced another monthly dividend increase to $0.195 per month.
Part 3 Follow-Up:
The previous article "Dividend Increases For The High-Yield BDC Sector: Part 3" predicted increased special dividends for TPG Specialty Lending (TSLX). Subsequently, TSLX announced a special/supplemental dividend of $0.12 per share payable in March 2019.
Through earnings generated across full year 2018, we declared a total of $0.31 per share of supplemental dividend while increasing net asset value per share pro forma for the impact of supplemental dividend from $16.06 to $16.13 per share, this represents a 5% increase in dividend declared year-over-year and a 20% increase in total dividends over the full annual base dividend of $1.56.
Source: Q4 2018 TSLX Earning Call
Part 2 Follow-Up:
The previous article "Dividend Increases For The... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
THL CREDIT 6.67   0.0 -0.51 0.84 12.63
MONROE CAPITAL 12.15   21.0 0.58 1.40 11.56
APOLLO INVESTMENT 16.03   15.9 1.01 1.80 11.26
KOHLBERG CAPITAL 3.75   0.0 -0.25 0.40 11.05
PENNANTPARK INVESTMENT 6.63   14.7 0.45 0.72 10.88
PROSPECT CAPITAL 6.76   11.3 0.60 0.72 10.54
OAKTREE SPECIALTY LENDING 4.90   0.0 -1.39 0.50 10.02
TCP CAPITAL 14.52   20.2 0.72 1.44 9.84
HERCULES TECH GROWTH CAP 13.24   9.3 1.42 1.28 9.60
GOLDMAN SACHS BDC 19.74   21.2 0.93 1.80 9.05
ARES CAPITAL 17.88   9.2 1.95 0.16 8.97
GLADSTONE CAPITAL 9.33   31.1 0.30 0.84 8.96
GOLUB CAPITAL BDC 17.78   14.6 1.22 1.28 7.20
MEDLEY CAPITAL 2.82   0.0 -1.55 0.20 7.12
GLADSTONE INVESTMENT 11.67   4.7 2.48 0.82 7.03
SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF 107.06   0.0 0.00 6.08 5.64
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 85.65   0.0 0.00 4.59 5.33

THL CREDIT - TCRD
THL CREDIT - TCRD  


Older articles featuring Thl Credit (TCRD):
10% Yielding New Mountain Finance Receives Fitch Rating
Dividend Increases For The High-Yield BDC Sector, Part 6: Gladstone Investment
Dividends By The Numbers For March 2019 And 2019-Q1
Apollo Investment: 12% Yield Supported By Improving Portfolio Quality
69 10%+ Dividend Yield WallStars Portend Ides Of March Fortunes
Dividend Increases For The High-Yield BDC Sector, Part 5: BlackRock TCP Capital
Strong Buy With 12% Yield With 30%+ Return Potential: TCG BDC
March Magic 10%-Plus Yield Dividend WallStars Flaunt Gains, Yields And Prices
Dividend Increases For The High-Yield BDC Sector, Part 3: TPG Specialty Lending
Dividend Increases For The High-Yield BDC Sector: Part 2

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