The following information was previously provided to subscribers of Premium BDC Reports along with target prices, dividend coverage and risk profile rankings, earnings/dividend projections, quality of management, fee agreements, and my personal positions for all Business Development Companies (“BDCs”).
Recent & Upcoming Ex-Dividend Dates
- TPVG, MRCC, NMFC, and TCPC all have ex-dividend dates of June 15, 2021, which means that their prices will be around 2% lower (shown below) at the open of the markets this morning and could be a buying opportunity.
- AINV, PFLT, PNNT, GAIN, and GLAD also have ex-dividend dates this week.
- Please keep in mind tax considerations (income versus capital gains) and it might be a good idea to wait until the morning of the ex-dividend date to make additional purchases.
Full BDC Reports
This information was previously made available to subscribers of Premium BDC Reports. BDCs trade within a wide range of multiples driving higher and lower yields mostly related to portfolio credit quality and dividend coverage potential (not necessarily historical coverage). This means investors need to do their due diligence before buying.