Fifth Street says Q1 is on track; hints at boosted future payout

"The initiatives to improve net investment income ... are generating the returns we anticipated," says Fifth Street Finance (FSC) in its March 2014 newsletter. "As a result, we estimate that we are on pace for the March quarter to cover the current dividend level."

"Further progress on our initiatives should result in the addition of higher yielding assets to the portfolio with favorable risk-adjusted returns. This may provide our Board of Directors the opportunity to declare a higher dividend level in the future."

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Comments (5)
  • iboston
    , contributor
    Comments (18) | Send Message
    My largest exposure in BDC's would be PSEC and FSC. All my research has told me I am relatively safe with these two companies. But, you still like to hear positive news, even if its coming from the horses mouth.
    19 Mar 2014, 09:16 AM Reply Like
  • rheimerl
    , contributor
    Comments (494) | Send Message
    fsc much "safer" than psec... fsc has higher quality loans
    19 Mar 2014, 09:39 AM Reply Like
  • iboston
    , contributor
    Comments (18) | Send Message
    and yet.... My FSC has fallen a lot more than PSEC. (smile)
    19 Mar 2014, 10:22 AM Reply Like
  • lonestarlizard
    , contributor
    Comments (5) | Send Message
    Indeed, FSC has a nasty habit of dropping down way under the dividend payout most of the time.
    20 Mar 2014, 02:56 PM Reply Like
  • Douglas E. Johnston
    , contributor
    Comments (1773) | Send Message
    fsc is a joke....look how much they take in fees every year....
    21 Mar 2014, 03:26 PM Reply Like
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