Blackrock Tcp Capital Corp. (TCPC) To Go Ex-Dividend on March 17th

Blackrock Tcp Capital Corp. (NASDAQ:TCPC) announced a quarterly dividend on Friday, February 27th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.17 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 16.6%. The ex-dividend date is Tuesday, March 17th.

Blackrock Tcp Capital has raised its dividend by an average of 0.0%annually over the last three years. Blackrock Tcp Capital has a dividend payout ratio of 93.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Blackrock Tcp Capital to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 70.4%.

Blackrock Tcp Capital Price Performance

Shares of NASDAQ TCPC opened at $4.09 on Friday. Blackrock Tcp Capital has a twelve month low of $4.05 and a twelve month high of $8.83. The company has a current ratio of 14.55, a quick ratio of 14.55 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $5.21 and a two-hundred day moving average of $5.87. The company has a market capitalization of $347.00 million, a price-to-earnings ratio of -3.90 and a beta of 0.89.

Blackrock Tcp Capital (NASDAQ:TCPC) last released its earnings results on Friday, February 27th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $27.13 million during the quarter, compared to the consensus estimate of $46.99 million. Blackrock Tcp Capital had a positive return on equity of 15.27% and a negative net margin of 4.20%. As a group, analysts expect that Blackrock Tcp Capital will post 1.65 earnings per share for the current fiscal year.

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.