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Looking for yield? Scott Black recommends Triangle Capital (TCAP), a business-development...
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Saturday, June 9, 2012, 10:55 AM ETLooking for yield? Scott Black recommends Triangle Capital (TCAP), a business-development company trading at just 1.3X times book value and yielding 9.6%. Despite booking major losses following the financial crisis, the company has increased its dividend an average 10.4%/year without having to borrow to pay it. Of course, another bad recession would make it vulnerable again.
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