Blackrock Tcp Capital Corp. (NASDAQ:TCPC) Plans $0.17 Quarterly Dividend

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) announced a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.17 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 16.7%. The ex-dividend date is Wednesday, September 16th.

Blackrock Tcp Capital has decreased its dividend payment by an average of 0.0%per year over the last three years. Blackrock Tcp Capital has a payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Blackrock Tcp Capital to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 90.7%.

Blackrock Tcp Capital Stock Performance

Blackrock Tcp Capital stock traded up $0.17 during mid-day trading on Friday, reaching $4.08. 1,295,708 shares of the stock traded hands, compared to its average volume of 1,014,729. Blackrock Tcp Capital has a 12-month low of $3.08 and a 12-month high of $7.28. The business’s 50-day moving average is $3.41 and its 200-day moving average is $3.97. The company has a debt-to-equity ratio of 1.64, a current ratio of 21.44 and a quick ratio of 21.44. The stock has a market capitalization of $341.90 million, a PE ratio of -2.73 and a beta of 0.94.

Blackrock Tcp Capital (NASDAQ:TCPC) last announced its earnings results on Thursday, August 6th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $40.02 million for the quarter, compared to analysts’ expectations of $38.36 million. Blackrock Tcp Capital had a positive return on equity of 14.30% and a negative net margin of 66.92%. As a group, sell-side analysts predict that Blackrock Tcp Capital will post 0.83 EPS for the current fiscal year.

Key Stories Impacting Blackrock Tcp Capital

Here are the key news stories impacting Blackrock Tcp Capital this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded TCPC from “underperform” to “market perform,” signaling that the analyst sees reduced downside risk following the company’s recent strategic actions. Finviz
• Positive Sentiment: BlackRock TCP reported second-quarter adjusted earnings of $0.22 per share, above the $0.20 consensus estimate, while revenue of $40.02 million also exceeded expectations of $38.36 million. The results provide a near-term fundamental catalyst, although earnings were below $0.32 per share a year earlier. BlackRock TCP Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company announced a roughly $523 million sale of portfolio investments to Pantheon. Management said the transaction is expected to materially strengthen its financial position and reduce pro forma net leverage to approximately 0.4 times, potentially lowering balance-sheet risk and increasing capacity for future investments or capital returns. BlackRock TCP Announces Second Quarter Results and Portfolio Sale
• Neutral Sentiment: BlackRock TCP is conducting a strategic review alongside the portfolio sale. The review could support shareholder value, but its eventual outcomes and timing remain uncertain. BlackRock TCP Outlines Strategic Review
• Negative Sentiment: Selling nearly half of the loan portfolio may reduce future interest income and earnings capacity, while second-quarter earnings already declined year over year. Investors will likely assess whether the benefits of lower leverage outweigh the potential loss of portfolio income. BlackRock TCP to Sell Nearly Half of Loan Portfolio

About Blackrock Tcp Capital

BlackRock TCP Capital Corp is a publicly traded business development company (BDC) listed on the NASDAQ under the ticker TCPC. Externally managed by BlackRock, the firm provides customized financing solutions to U.S. middle-market companies, with a focus on sponsor-backed transactions. Its core strategy centers on delivering current income and capital appreciation through a diversified portfolio of debt and equity investments across a variety of sectors, including consumer products, healthcare, business services and industrials.

Since its initial public offering in 2013, BlackRock TCP Capital has partnered with private equity sponsors to underwrite and structure senior secured first-lien loans, second-lien loans, mezzanine debt and select equity co-investments.