CGBD: Approaching Oversold Conditions Driving 9% Yield

Summary

  • I recently purchased additional shares of this higher quality BDC that is trading 6% below book value paying a 9.0% dividend yield with an upcoming special dividend in Q4.
  • There is the potential for special dividends or a dividend increase for multiple reasons including recent shareholder approval to increase leverage, rising rates and portfolio yield, and ramp of its Credit Fund.
  • This article also provides an update to CGBD’s portfolio credit quality including Hydrofarm and PPT Management potentially being added to non-accrual status.

You can read the full article at the following link:

 

5 Replies to “CGBD: Approaching Oversold Conditions Driving 9% Yield”

  1. Buzz,

    I’m now very worried about the sp constantly spiralling down of CGBD.
    Are you still comforable with this stock or did you sell your position since your positive advise?

Comments are closed.

Copyright © 2018-2024 BDC BUZZ All rights reserved.