BlackRock TCP Capital Corp (NASDAQ:TCPC) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.36 per share by the investment management company on Friday, June 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend is Thursday, June 13th.
BlackRock TCP Capital has a payout ratio of 91.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect BlackRock TCP Capital to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 87.8%.
Shares of NASDAQ:TCPC opened at $14.27 on Friday. The firm has a market cap of $838.59 million, a P/E ratio of 8.97, a P/E/G ratio of 3.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.75 and a quick ratio of 3.75. BlackRock TCP Capital has a 12-month low of $12.52 and a 12-month high of $14.98.
Several equities analysts recently weighed in on TCPC shares. BidaskClub raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. TheStreet raised shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research report on Tuesday. National Securities reaffirmed a “buy” rating and issued a $18.00 price target on shares of BlackRock TCP Capital in a research report on Monday, May 13th. Finally, Zacks Investment Research raised shares of BlackRock TCP Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.50.
BlackRock TCP Capital Company Profile
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.
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