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|
|OAKTREE SPECIALTY LENDING||4.90||0.0||-1.39||0.50||10.02|
|HERCULES TECH GROWTH CAP||13.26||10.0||1.32||1.28||9.55|
|GOLDMAN SACHS BDC||20.29||22.5||0.90||1.80||8.88|
|GOLUB CAPITAL BDC||18.55||15.7||1.18||1.28||6.89|
|SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF||108.94||0.0||0.00||6.07||5.58|
|ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND||87.32||0.0||0.00||4.60||5.27|
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