|Day's Range||17.49 - 17.64|
|52 Week Range||16.40 - 20.60|
|PE Ratio (TTM)||23.35|
|Dividend & Yield||1.80 (10.28%)|
|1y Target Est||N/A|
Shareholders of these three business-development companies should brace for future dividend cuts.
Investors are too eager to pay up for high-yielding BDCs. Closed-end funds may be a better bet.
Most business development companies (BDCs) have low profiles on Wall Street. Their relative obscurity makes them good vehicles for banking high yields – in fact, today we’ll discuss three that pay between 12% and 16% annually.