|Bid||18.90 x 2900|
|Ask||19.19 x 3200|
|Day's Range||18.78 - 19.05|
|52 Week Range||14.50 - 19.28|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||10.46|
|Forward Dividend & Yield||1.60 (8.34%)|
|1y Target Est||N/A|
Zacks.com featured highlights include: Syneos, Carlisle, United Technologies, Ares Capital and Principal Financial
The market for business development companies (BDCs) just got a little more institutional.For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%. SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)
Ares Capital (ARCC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Ares Capital Corporation (NASDAQ: ARCC ) offers an attractive dividend yield and has a best-in-class business model, with no execution risk related to asset clean-ups or transitions out of legacy businesses, ...
Capitala Finance (CPTA) witnesses fall in total investment income in the second quarter of 2019. However, a decline in expenses aids the company.
Zacks.com featured highlights include: United Technologies, General Dynamics, Ares Capital, The Progressive Corp and DTE Energy Company