Crescent Capital BDC: Attractive BDC, But More Downside Could Be Likely
Crescent Capital BDC faces macro uncertainty and falling interest rates, making the BDC sector risky despite attractive income yields. CCAP trades at a discount to NAV, but I see limited upside and a higher risk of further downside due to expected lower base rates. Recent earnings show sequential declines in total and net investment income, increased non-accruals, and a drop in NAV, signaling economic weakness for CCAP.
Goldman Sachs BDC: Big Discount And High Yield Isn't The Bargain You Think
Goldman Sachs BDC offers a high-yield and large discount, but deteriorating financials make the stock risky despite recent investment activity. GSBD's net investment income and NAV continue to decline year-over-year, underperforming peers like ARCC and HTGC, signaling caution for value hunters. While the base dividend appears safe for now, ongoing rate cuts and economic headwinds could pressure future payouts and overall performance.
Barings BDC: Q3 Earnings Show Strong Dividend Coverage
Barings BDC remains a resilient choice in the BDC sector, offering a high 11.6% dividend yield and strong distribution coverage. BBDC's portfolio is well-diversified, focused on senior secured first lien debt, and maintains low non-accruals compared to peers, supporting income stability. Despite healthy fundamentals, BBDC faces persistent NAV declines and limited new investment activity, constraining upside potential in a high-rate environment.
Crescent Capital BDC: 13% Yield And 31% Discount Make It A Buy
Crescent Capital BDC offers a compelling 12.6% regular dividend yield and trades at a 31% discount to book value. CCAP maintains a conservatively managed, diversified portfolio with strong dividend coverage and an improving non-accrual rate. The BDC's focus on sponsor-backed companies, solid balance sheet, and potential for increased non-interest income support its investment case.
Don't Bury BDC Dividends Just Yet
The Fed's dovishness has been the key driver for the BDC sell-off. The idea is that lower interest rates should lead to lower dividends (i.e., BDCs cutting their dividend across the board). While it is a process that takes time, the current data show that many BDCs are well-positioned to safeguard their existing dividends.
Bottom Picking In The BDC Sector: Blue Owl Capital
Blue Owl Capital Corporation common stock is trading at a deep discount to NAV, offering high yields and attractive return potential. OBDC boasts a diversified portfolio, strong investment-grade credit ratings, and an expected ROE of above 11%. While BDC bonds remain safer, OBDC common stock offers superior return potential, favoring a more risk-tolerant approach in today's market.
Chicago Atlantic BDC, Inc. (LIEN) Q3 2025 Earnings Call Transcript
Chicago Atlantic BDC, Inc. ( LIEN ) Q3 2025 Earnings Call November 13, 2025 9:00 AM EST Company Participants Tripp Sullivan Peter Sack - Chief Executive Officer Thomas Geoffroy - Interim Chief Financial Officer Bernardino Colonna - President Conference Call Participants Pablo Zuanic - Zuanic & Associates Presentation Operator Good day, and welcome to the Chicago Atlantic BDC Quarter 3 2025 Earnings Call. [Operator Instructions] Please note this event is being recorded.
Chicago Atlantic BDC, Inc. (LIEN) Q3 Earnings and Revenues Surpass Estimates
Chicago Atlantic BDC, Inc. (LIEN) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to break-even earnings per share a year ago.
The Best REIT, BDC, And MLP To Retire On
Discover the 3 dividend-paying powerhouses I'd trust to fund a lifetime of passive income. These high-yield investments combine safety, growth, and tax efficiency like few others. Learn why I believe these picks could anchor a durable dividend retirement portfolio.
Goldman Sachs BDC: This Is Not A ~14% BDC Yield To Buy
GSBD continued to underperform the market (as I projected in my previous articles). Since GSBD's share price has declined even further, the discount and dividend yield have become very attractive. Given the base dividend coverage of 125% and NII per share growth in Q3, there could be a case made for opening a long position here.
Capital Southwest: The One BDC I Think Could Avoid A Dividend Cut
Capital Southwest stands out among business development companies for its strong fundamentals, robust liquidity, and healthy balance sheet despite sector headwinds. CSWC's latest earnings beat estimates, with net investment income comfortably covering the dividend and portfolio growth supporting top-line gains. The BDC's low leverage, well-staggered debt maturities, and significant equity investments provide flexibility to withstand potential interest rate cuts.
BDC Battle: The 16% Yield Comeback, Or 12% From The Rising Star
TriplePoint Venture Growth BDC Corp. is a comeback BDC (+16% yield) trading at a deep discount. Capital Southwest is a premium BDC growing thanks to its premium. Buy both BDCs to diversify income.
