BlackRock TCP Capital Corp. (NASDAQ:TCPC) will begin trading ex-dividend on September 15, 2020. The quarterly dividend payment of $ 0.30 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 12.22 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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BlackRock TCP Capital Corp. recently reported first quarter financial results on May 11, 2020, after market close, the Santa Monica based company unveiled income for the first quarter of $ 0.38 per share, from the revenue of $ 41.25 million. The quarterly earnings dropped 5.00 percent while revenues fell 13.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.37 per share from $ 46.24 million in revenue. The bottom line results beat street analysts by $ 0.01 or 2.70 percent, at the same time, top line results fell short of analysts by $ 4.99 million or 10.79 percent.
Stock Performance
Shares of BlackRock TCP Capital Corp. traded low $ -0.09 or -0.91 percent on Thursday, reaching $ 9.82 with volume of 256.50 thousand shares. BlackRock TCP Capital Corp. has traded high as $ 10.00 and has cracked $ 9.78 on the downward trend
According to the previous trading day, closing price of $ 9.82, representing a 146.52 % increase from the 52 week low of $ 4.02 and a 32.86 % decrease over the 52 week high of $ 14.76.
The company has a market capital of $ 567.27 million and is part of the Financial Services sector and Asset Management industry.
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States.
