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11% Dividend Yielding BDC Sector Continues To Soar
Published Tue, 17 Nov 2020 15:25:02 -0500 on Seeking Alpha
Dividend Ideas | Editors' Picks11% Dividend Yielding BDC Sector Continues To SoarNov. 17, 2020 3:25 PM ET|| Includes: AINV, ARCC, BDCS, CGBD, CSWC, FDUS, FDUSG, FDUSL, FDUSZ, FSK, GAIN, GBDC, GLAD, GSBD, HTGC, MAIN, MRCC, NMFC, ORCC, PFLT, PNNT, PSEC, TCPC, TPVG, TSLXby: BDC BuzzThis article is exclusive for subscribers.BDC Buzz Sustainable DividendsBuild a portfolio with sustainable dividend yields ranging from 8% to 12%SummaryThe BDC sector continues to deliver strong returns during the pandemic, including recently improved earnings, dividend coverage, and book values.
This article discusses some of the reasons for the recent and potential reflation in BDC pricing, including 15% in the last 2 to 3 weeks.
Also discussed is whether BDCs are currently over or underpriced as a sector.
Introduction
This article is part of a series discussing how to build a retirement portfolio using general market volatility and business development companies ("BDCs"). Similar to REITs, BDCs are regulated investment companies (RICs), required to
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| Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MONROE CAPITAL | 10.48 | 18.4 | 0.57 | 1.40 | 13.60 | |||||||
| PENNANTPARK INVESTMENT | 6.32 | 21.8 | 0.29 | 0.72 | 11.32 | |||||||
| PROSPECT CAPITAL | 6.71 | 16.8 | 0.40 | 0.72 | 10.76 | |||||||
| APOLLO INVESTMENT | 16.78 | 14.2 | 1.18 | 1.80 | 10.73 | |||||||
| FIDUS INVESTMENT | 14.84 | 8.8 | 1.69 | 1.56 | 10.53 | |||||||
| TCP CAPITAL | 13.75 | 29.3 | 0.47 | 1.44 | 10.48 | |||||||
| PENNANTPARK FLOATING RATE CAPITAL | 11.68 | 30.0 | 0.39 | 1.14 | 9.81 | |||||||
| 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 | |||||||
| GLADSTONE CAPITAL | 9.50 | 63.3 | 0.15 | 0.84 | 8.84 | |||||||
| ARES CAPITAL | 19.19 | 10.5 | 1.82 | 1.60 | 8.39 | |||||||
| CAPITAL SOUTHWEST | 21.81 | 12.2 | 1.78 | 1.60 | 7.21 | |||||||
| GOLUB CAPITAL BDC | 18.55 | 15.7 | 1.18 | 1.28 | 6.89 | |||||||
| GLADSTONE INVESTMENT | 12.34 | 7.4 | 1.67 | 0.82 | 6.73 | |||||||
| MAIN STREET CAPITAL | 43.18 | 16.8 | 2.57 | 2.46 | 5.69 |