đď¸Article Of The Week
"This 14% Yielding BDC Just Cut Its Dividend"
As you know by my name, I love dividends. And in addition to sharing on here, I write regularly in the investment platform- Seeking Alpha.
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Current Price: $10.87
If youâre an income investor, then itâs likely you are familiar with Business Development Companies (BIZD), commonly known as BDCs. By law, BDCs are required to pay out most of their taxable income in the form of dividends.
During the high inflationary environment, BDCs have thrived because of their high yields. On the contrary, high interest rates have also resulted in downward financial pressure on their borrowers.
The last few years have really separated the wheat from the chaff in my opinion. While Blue Owl Capital Corpâs (OBDC) 14% yield and discount could be considered attractive, check out this weekâs article of the week to see why investors should remain cautious.
What are some of your favorite BDCs for income? Let me know in the comments.
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