HTGC - Dividend Increases For The High-Yield BDC Sector: Part 2
Business development companies, or BDCs, have begun reporting results, and this article discusses some of the items that investors should be watching.
Sources: SEC Filings and www.bdcbuzz.com.
In December 2018, I purchased additional shares of multiple 'oversold' higher-quality BDCs with risk-averse balance sheets prepared for a potential economic slowdown including Ares Capital (ARCC) at $15.27 for the reasons discussed in this article.
As investors jump back into financial stocks, the average BDC has easily outperformed the S&P 500 so far in 2019, but still has an average dividend yield of around 10.4%. It