Blackrock Capital Investment Corp (NASDAQ:BKCC) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Tuesday, August 18th will be paid a dividend of 0.10 per share by the asset manager on Tuesday, September 29th. This represents a $0.40 dividend on an annualized basis and a yield of 16.39%. The ex-dividend date of this dividend is Monday, August 17th.
Blackrock Capital Investment has decreased its dividend by an average of 23.8% per year over the last three years. Blackrock Capital Investment has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Blackrock Capital Investment to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 83.3%.
BKCC stock traded down $0.03 during mid-day trading on Friday, hitting $2.44. 11,517 shares of the company were exchanged, compared to its average volume of 273,771. Blackrock Capital Investment has a 1-year low of $1.43 and a 1-year high of $5.92. The stock has a market capitalization of $166.97 million, a PE ratio of -1.67 and a beta of 1.48. The business has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $3.31. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85.
A number of research firms have recently weighed in on BKCC. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. ValuEngine upgraded shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.25.
About Blackrock Capital Investment
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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