A Quality BDC Yielding 10.6%
"Collect Passive Income From One Of The Highest-Quality BDCs Today!"
As you know by my name, I love dividends. And in addition to sharing on here, I write regularly on the investment platform- Seeking Alpha.
My goal there is to teach everyday investors about building wealth, so they won’t to need to work to traditional retirement age.
I want to help you take control of your life, have F.I.R.E.
Here at Dividend Collection Agency the goal is to give investors and/or readers a different perspective. We take a simple approach to building wealth. And although investing may seem easy, people often miss opportunities by over complicating it. But we are here to help.
If you’re someone looking to create passive income, then the BDC (BIZD) sector may be a great place to start. Most investors overlook this sector due to BDCs being considered riskier investments.
But like any sector, there are quality companies and low-quality companies. But their performances usually tell the story and separate the wheat from the chaff. Moreover, most BDCs are more attractive since their share prices have pulled back due to rate cuts.
Strong Dividend Coverage 📈
Base dividend covered 122%
NII per share dipped just a penny to $0.49
Record Income 💰
Total investment income: $138.1M (up from $125.2M)
Massive Growth in Fundings 🚀
Commitments: $846.2M
Fundings: $504.6M (up 85.5% YoY)
YTD fundings: $1.75B
High Credit Quality 🛡️
90% first-lien exposure
Only 2 borrowers on non-accrual
Non-accruals: 1.2% (cost) / 1.1% (FV)
NAV grew 5.7% YoY to $12.05
Solid Balance Sheet 🏦
Debt-to-equity: 1.19x (in line with peers)
Liquidity: $655M cash + $1B total platform
Upcoming 2025 debt: $425M, well covered
If you’re an income-focused investor, I strongly suggest looking at the BDC sector, particularly Hercules Capital Corp (HTGC) for your portfolio. Especially, if you’re someone who takes a “quality over quantity” approach like me.
Happy Investing!
If you’re looking to start investing check out our investment group over on Seeking Alpha 20% off for Black Friday. Click the Seeking Alpha link here. Click investing group, learn more, or the blue hyperlink in my bio.
This is not financial advice. This is for educational purposes only. Please do your own due diligence.
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