PFLT - Dividend Cuts For The High-Yield BDC Sector
Business development companies, or BDCs, are almost finished reporting calendar year-end results, and this article discusses some of the items that investors should be watching when THL Credit (TCRD) reports later this week. Also discussed is the recent dividend cut for one of the worst-managed BDCs, Medley Capital (MCC).
Quick BDC Market Update
In December 2018, I purchased additional shares of multiple "oversold" higher-quality BDCs with risk-averse balance sheets prepared for a potential economic slowdown. As investors jump back into financial stocks, the average BDC has easily outperformed the S&P