On August 22nd, 2013, lower middle market Business Development Company (BDC) WhiteHorse Finance(NASDAQ:WHF) announced a third quarter 2013 dividend of $0.355, unchanged from the prior period. The latest distribution is to be paid out on October 3, 2013 to shareholders of record as of September 30, 2013. The BDC went public in December 2012, so this will be only the third full period dividend. The pay-out has been unchanged at $0.355
IMPORTANCE OF DIVIDEND SUSTAINABILITY: Many investors buy Business Development Company stocks for stable, recurring income. Rightly or wrongly, investors regard BDC common stock investments as a bond substitute, and look to a steady income stream over the long term. We've been investing in the BDC sector for...
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