Blackrock Tcp Capital Corp. (NASDAQ:TCPC) Shareholders to Get $0.17 Quarterly Dividend

Key Points

• TCPC declared a quarterly dividend of $0.17 per share, payable December 31 to shareholders of record December 17. That equals $0.68 annualized, a stated yield of 15.9%.
• The current payout appears covered by earnings, with a 63.6% payout ratio, but analysts’ expected earnings imply a potential future payout ratio of 141.7%—raising questions about dividend sustainability.
• Third-quarter results beat expectations: EPS was $0.15 versus $0.12 forecast, and revenue was $28.48 million versus $27.51 million expected. However, earnings were down from $0.32 a year earlier, and reports cited a sharp NAV decline.

Blackrock Tcp Capital Corp. (NASDAQ:TCPC - Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 17th will be given a dividend of $0.17 per share by the investment management company on Thursday, December 31st. This represents a $0.68 annualized dividend and a yield of 15.9%. The ex-dividend date is Thursday, December 17th.

Blackrock Tcp Capital has a dividend payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Blackrock Tcp Capital to earn $0.48 per share next year, which means the company may not be able to cover its $0.68 annual dividend with an expected future payout ratio of 141.7%.

Blackrock Tcp Capital Price Performance

Shares of NASDAQ TCPC opened at $4.27 on Friday. The stock's 50-day moving average is $4.07 and its two-hundred day moving average is $4.00. The company has a debt-to-equity ratio of 1.65, a current ratio of 33.70 and a quick ratio of 33.70. Blackrock Tcp Capital has a 1-year low of $3.08 and a 1-year high of $6.25. The company has a market cap of $358.27 million, a price-to-earnings ratio of -3.34 and a beta of 0.98.

Blackrock Tcp Capital (NASDAQ:TCPC - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The investment management company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Blackrock Tcp Capital had a positive return on equity of 13.85% and a negative net margin of 61.27%. The business had revenue of $28.48 million during the quarter, compared to analysts' expectations of $27.51 million. Analysts forecast that Blackrock Tcp Capital will post 0.66 EPS for the current fiscal year.

Blackrock Tcp Capital News Roundup

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

• Positive Sentiment: TCPC reported third-quarter earnings of $0.15 per share, above the $0.12 consensus estimate, and revenue of $28.48 million, ahead of expectations of $27.51 million. Article: BlackRock TCP Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.17 per share, equivalent to $0.68 annually. The high indicated yield may appeal to income-focused investors, though it does not guarantee future payouts. Article: BlackRock TCP declares dividend amid strategic review
• Positive Sentiment: Recent coverage highlighted record repayments and progress on the company’s strategic review, which could offer support if repayments strengthen liquidity or the review produces value-enhancing actions. Article: Q3 results, repayments and strategic review
• Neutral Sentiment: TCPC reported net investment income of $0.16 per diluted share. The company also reported $253 million in cash while its strategic review continues. Article: Third-quarter results and dividend announcement
• Negative Sentiment: Despite beating estimates, earnings were down from $0.32 per share a year earlier. Another report emphasized a sharp NAV decline following the Pantheon deal, a potential concern for a business development company whose value depends on its investment portfolio. Article: Q3 2026 NAV decline after Pantheon deal

Blackrock Tcp Capital Company Profile

BlackRock TCP Capital Corp. NASDAQ: TCPC is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated senior secured loans, subordinated debt and other debt securities, while also making select equity investments. Its portfolio companies operate across a range of industries.

The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in established businesses that may require financing for acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

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