Main Street Capital formally announced its expected second “supplemental” distribution, capping out a 5th year of an increasing pay-out. The BDC Reporter, though, worries that the popular BDC’s distribution streak might be in jeopardy, as we explain in great detail.
MVC Capital surprises the BDC Reporter and increases its regular distribution before we expected. We review the details and discuss the pay-out increase in the context of MVC’s stock price and Baby Bond borrowings.
Following Investcorp Credit Management’s (formerly CM Finance) latest results, the BDC Reporter has new doubts about the sustainability of the current dividend. We explain why and offer up the BDC’s counter-arguments drawn from the Conference Call.
Gladstone Investment announces another special payout to shareholders. The BDC Reporter takes the opportunity to review the overall dividend outlook for the next 12 months and comes up with a re-rating.
The BDC Reporter amends its 12 month Dividend Outlook for Goldman Sachs BDC after reviewing the IQ 2019 results.
For the second time in a 6 week period Newtek Business increases its projected 2018 distribution, as anticipated in the BDC Reporter’s Dividend Outlook. We discuss our new dividend rating for NEWT.
Once again, the BDC Reporter’s Dividend Outlook projection pans out. In this case, Newtek Business Services retains membership in an exclusive BDC club.
Capital Southwest makes a point about its Supplemental Dividend, which only confirms the BDC Reporter’s Dividend Outlook.
As projected by the BDC Reporter, Saratoga Investment increases its regular distribution. We provide a new rating through February 2019 and introduce readers to the exclusive club of our BDC Dividend Raisers portfolio.
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