OCSL - BlackRock TCP Capital: 11% Covered Yield But There Are Risks
2024-01-31 23:08:15 ET
Summary
- BlackRock TCP Capital Corp. is a well-managed business development company with a focus on floating-rate loans.
- The company has experienced strong net investment income growth and increased its regular dividend by 13%.
- However, the heavy investment in floating-rate loans poses a risk in a lower-rate environment, and the expected interest rate cuts in 2024 may impact the company's dividend safety.
BlackRock TCP Capital Corp. ( TCPC ) is a well-managed business development company that has produced a high degree of excess dividend coverage in the last couple of years....
BlackRock TCP Capital: 11% Covered Yield, But There Are Risks