Business Development Companies (BDCs) Stocks Offer High Yields

Business development companies (BDCs) pay high dividends and may be appropriate for income portfolios. However, these stocks could react negatively to increasing interest rates.

The following table includes 16 BDC stocks.

16 BDC Stocks

Stock Return & Price Chart


Dividend (Yield) &

Recent Dividends &
Growth Rate

Apollo Investment CorporationAINV$1.80 (11.59%)
Ares Capital CorporationARCC$1.68 (9.57%)
BlackRock Capital InvestmentBKCC$0.72 (11.88%)
Fidus InvestmentFDUS$1.56 (9.86%)
Gladstone CapitalGLAD$0.28 (3.11%)
Golub Capital BDCGBDC$1.28 (7.30%)
Hercules Technology Growth CapitalHTGC$1.32 (10.34%)
Main Street CapitalMAIN$0.80 (2.02%)
Medley CapitalMCC$0.20 (7.19%)
Monroe CapitalMRCC$1.40 (12.35%)
New Mountain FinanceNMFC$1.36 (9.74%)
Newtek Business ServiceNEWT$1.60 (7.59%)
PennantPark InvestmentPNNT$0.72 (11.09%)
Prospect Capital CorporationPSEC$0.24 (3.84%)
TPG Specialty LendingTSLX$0.04 (0.20%)
TriplePoint Venture Growth BDCTPVG$1.44 (10.75%)
Dividend data from Quandl as of Jun-01-2019.

To inspect the performance of the BDC Stocks portfolio, see the chart below. Portfolio values are computed using monthly closes for stocks from Quandl.

The 9 stocks included in the portfolio computations are: AINV, ARCC, BKCC, GLAD, HTGC, MAIN, NEWT, PNNT and PSEC. The current value of the portfolio assumes that $1,111.11 was invested (total of $10,000) in each stock at its closing monthly price for the first date shown on the portfolio value chart below. All prices are adjusted for splits and dividends. The 7 stocks excluded from the portfolio computations because of insufficient price data are: FDUS, GBDC, MCC, MRCC, NMFC, TSLX and TPVG.

The current value of a $10,000 investment is $54,698. The percent return is 446.98%. The annualized return is 18.52%.

Return Summary for BDC Stocks
Start DateJul-31-2009
Start Investment$10,000.00
End DateJul-19-2019
Current Value of Investment$54,698.06
Total Return446.98%
Annualized Return18.52%
Min DateJul-31-2009
Min Price$10,000.00
Max DateJun-28-2019
Max Price$55,526.08
# Values121
Number Returns7,260
Number Profitable Returns6,850
Percent Profitable Returns94.35%
Number Unprofitable Returns410
Percent Unprofitable Returns5.65%
Profitable to Unprofitable Returns Ratio16.71

NOTE: The stocks included in the tables and chart are representative of the industry. They are not recommendations.

Related Portfolio

Portfolio of High-Yield Blue-Chip Stocks