Blackrock Capital Investment Corp (BKCC) to Issue Quarterly Dividend of $0.18 on January 8th

Blackrock Capital Investment Corp (NASDAQ:BKCC) declared a quarterly dividend on Thursday, November 1st, Wall Street Journal reports. Investors of record on Tuesday, December 18th will be given a dividend of 0.18 per share by the asset manager on Tuesday, January 8th. This represents a $0.72 annualized dividend and a yield of 12.68%. The ex-dividend date is Monday, December 17th.

Blackrock Capital Investment has decreased its dividend payment by an average of 7.3% per year over the last three years. Blackrock Capital Investment has a payout ratio of 110.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Blackrock Capital Investment to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 98.6%.

NASDAQ:BKCC opened at $5.68 on Friday. The firm has a market capitalization of $396.09 million, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 8.67 and a beta of 0.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.81. Blackrock Capital Investment has a 12 month low of $5.48 and a 12 month high of $6.55.

Blackrock Capital Investment (NASDAQ:BKCC) last posted its earnings results on Wednesday, October 31st. The asset manager reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $21.30 million. Blackrock Capital Investment had a return on equity of 9.10% and a net margin of 30.39%. Analysts predict that Blackrock Capital Investment will post 0.66 EPS for the current fiscal year.

Several brokerages have issued reports on BKCC. BidaskClub lowered Blackrock Capital Investment from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. JPMorgan Chase & Co. lowered Blackrock Capital Investment from an “overweight” rating to a “neutral” rating and set a $6.00 price objective on the stock. in a report on Monday, November 5th. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Finally, ValuEngine raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $6.00.

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Blackrock Capital Investment Company Profile

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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Dividend History for Blackrock Capital Investment (NASDAQ:BKCC)

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