Ares Capital Vs. Blue Owl Capital: A Battle Of BDC Titans
ARCC shows superior dividend coverage resilience in a -50bps rate cut scenario compared to OBDC. Non-accruals for ARCC trended down to 1.0% in Q3 2025, while OBDC experienced an uptick to 1.3%. Despite OBDC's higher yield, ARCC's historical Total Return outperforms, due to its equity-kicker strategy.
Ares Capital: The War Is Not Yet Lost
Ares Capital has dipped nearly 10% year-to-date, as investors fret over the pace of Fed rate cuts and wider "credit cockroaches", even as the BDC's credit quality sees sequential improvements. The BDC is paying out a 9.6% dividend yield that was covered by both net income and core EPS. NAV per share advanced on both a nominal and per share basis, versus its year-ago comp, with the BDC trading at a small discount to its NAV per share figure.
This Is How I'm Harvesting BDC Cash Flows For My Retirement
This Is How I'm Harvesting BDC Cash Flows For My Retirement. The double-digit yields, term 'private credit,' cases like First Brands and Tricolor are just some examples that introduce a high degree of skepticism. However, if done right, BDCs can bring a lot of value to the table for safe passive income investors.
Goldman Sachs BDC: Excessive NAV Discount
Goldman Sachs BDC faces portfolio value declines and dividend coverage concerns amid anticipated lower federal fund rates. GSBD's non-accrual percentage has improved in the last year, but the BDC's portfolio quality and coverage ratio lag peers like ARCC and BXSL. Shares trade at an excessive discount to net asset value, reflecting ongoing net investment income pressure and portfolio contraction risks.
Goldman Sachs BDC: Huge Discount To NAV, But I'm Not Buying The Fat 14% Yield
Goldman Sachs BDC saw net asset value per share dip by 2.1% sequentially as total investment income fell from its year-ago comp. The BDC did not declare a $0.16 per share special dividend for its final quarter, but is currently paying out an aggregate 14.5% dividend yield. GSBD has seen its net asset value on a sustained dip since 2023, with negative net fundings pushing its total investment portfolio lower.
2026 BDC Outlook: Why I'm Steering Clear Of Main Street Capital
Main Street Capital is highly reliable BDC but faces short-term headwinds from likely Fed rate cuts. MAIN trade at premium Price/NAV multiples, reflecting quality but increasing downside risk if spreads compress. The BDC sector may face challenges in the short term, while growth awaits it in the medium term.
Main Street Capital: A Best In Class BDC For Reliable Income And Long-Term NAV Growth
Main Street Capital (MAIN) is a best-in-class BDC, leveraging an internally managed model for superior cost efficiency, consistent NAV growth, and resilient dividends. MAIN's multi-pronged strategy (income, NAV accretion, and equity gains) drives reliable monthly dividends and supplemental payouts, with 13 consecutive quarters of record NAV per share. Balance sheet strength is evident: conservative 0.62x leverage, $1.56bn liquidity, and 17% ROE, supporting continued portfolio growth and income stability even in volatile markets.
Chicago Atlantic BDC: Q3 Earnings Indicates Growth Potential (Rating Upgrade)
Chicago Atlantic BDC (LIEN) is upgraded to Buy, driven by strong Q3 earnings, resilient NAV growth, and an attractive 19.5% discount to NAV. LIEN's portfolio, focused on senior secured floating rate debt and expanding beyond cannabis, supports a robust 12.7% dividend yield with 124% coverage. Management's active investment pace and sector diversification position LIEN to capitalize on cannabis industry growth and mitigate rate environment risks.
These Big BDC Yields Look Tempting But Come With Even Bigger Risks
The bankruptcy of auto-parts supplier First Brands has hit a corner of the market known for high dividends. Does that make these assets bargains?
Trinity Capital: Why I Put 25% Of My Portfolio Into This BDC
Trinity Capital stands out as an internally managed BDC with strong management-shareholder alignment and a robust track record in growth-stage lending. TRIN consistently covers its $0.51 quarterly dividend with GAAP NII, maintaining a positive spread and indicating high dividend safety through 2026. I assign a strong buy rating at $13.31 (1.0x BV) and a fair value target of $15.97 (1.2x BV), reflecting TRIN's value versus peers.
Belden Inc. (BDC) Presents at Goldman Sachs Industrials and Materials Conference 2025 Transcript
Belden Inc. (BDC) Presents at Goldman Sachs Industrials and Materials Conference 2025 Transcript
Why I'm Parking 45% Of My BDC Capital In These 2 Names
There is certainly no shortage of arguments why not to invest in BDCs. The sector median BDC trades at a 21% discount to NAV. For me, this provides an opportunity to scoop up unfairly punished gems.
