Business Development Companies (BDCs) Stocks Offer High Yields
Business development companies (BDCs) pay high dividends and may be appropriate for income portfolios. However, these stocks could react negatively to increasing interest rates.
The following table includes 7 BDC stocks.
| 7 BDC Stocks | ||
|---|---|---|
Name | Symbol | Dividend (Yield) |
| Ares Capital Corporation | ARCC | $1.80 (10.12%) |
| FS KKR Capital Corp | FSK | $2.72 (14.14%) |
| Golub Capital BDC | GBDC | $1.20 (8.98%) |
| Hercules Technology Growth Capital | HTGC | $2.00 (13.11%) |
| New Mountain Finance | NMFC | $1.20 (10.36%) |
| Owl Rock Capital Corporation | ORCC | $1.24 (10.08%) |
| PennantPark Investment | PNNT | $0.58 (9.67%) |
| Dividend data from Alpha Vantage as of Sep-10-2022. | ||
| 7 BDC Stocks | ||
|---|---|---|
Name | Symbol | Last Close |
| Ares Capital Corporation | ARCC | $17.05 |
| FS KKR Capital Corp | FSK | $17.82 |
| Golub Capital BDC | GBDC | $12.21 |
| Hercules Technology Growth Capital | HTGC | $12.04 |
| New Mountain Finance | NMFC | $11.69 |
| Owl Rock Capital Corporation | ORCC | $11.25 |
| PennantPark Investment | PNNT | $5.59 |
Portfolio Values
To inspect the performance of the BDC Stocks portfolio, see the chart below. Portfolio values are computed using monthly closes for stocks from Alpha Vantage.The 6 stocks included in the portfolio computations are: ARCC, FSK, GBDC, HTGC, NMFC and PNNT. The current value of the portfolio assumes that $1,666.67 was invested in each stock at its closing monthly price for the first date shown on the portfolio value chart below. All prices are adjusted for splits and dividends. ORCC was excluded from the portfolio computations because of insufficient price data.The current value of the $10,000 investment is $13,090. The percent return is 30.90%. The annualized return is 5.53%.
| 6 BDC Stocks Returns | ||
|---|---|---|
Name | Symbol | Monthly Returns & Details |
| Ares Capital Corporation | ARCC | 66.06% |
| FS KKR Capital Corp | FSK | 0.64% |
| Golub Capital BDC | GBDC | -1.23% |
| Hercules Technology Growth Capital | HTGC | 56.98% |
| New Mountain Finance | NMFC | 35.94% |
| PennantPark Investment | PNNT | 27.01% |
Portfolio Value Chart for Last 100 Daily Closes
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Portfolio of Dividend Income Stocks: Business Development Companies (BDCs) Stocks Offer High Yields