Blackrock Capital Investment Corp Declares Quarterly Dividend of $0.10 (NASDAQ:BKCC)

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 16.46%. The ex-dividend date 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 payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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%.

Blackrock Capital Investment stock traded down $0.04 during trading on Friday, hitting $2.43. The company had a trading volume of 11,017 shares, 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 company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The company’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $3.31. The stock has a market cap of $166.97 million, a price-to-earnings ratio of -1.67 and a beta of 1.48.

Blackrock Capital Investment (NASDAQ:BKCC) last posted its earnings results on Wednesday, July 29th. The asset manager reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Blackrock Capital Investment had a negative net margin of 133.85% and a positive return on equity of 9.07%. The firm had revenue of $17.50 million during the quarter. As a group, analysts forecast that Blackrock Capital Investment will post 0.45 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Wednesday, July 8th. ValuEngine raised shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock 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.

Further Reading: Gross Domestic Product (GDP)

Dividend History for Blackrock Capital Investment (NASDAQ:BKCC)

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