BKCC: BlackRock Kelso Capital Instablogs

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Monday, June 3, 11:52 AM Business development companies (BDCS -1.1%) see some selling as higher interest rates threaten to offer at least minor competition to their fat dividends. The drop in junk bond prices - a decent proxy for the assets on their books - isn't helping either. Leading on the downside today: Main Street (MAIN -4.5%), American Capital (ACAS -2.4%), Prospect Capital (PSEC -1.4%), Ares Capital (ARCC -1.1%), Blackrock Kelso (BKCC -1.1%). 5 Comments [Financials, On the Move]
Thursday, May 2, 3:00 PM BlackRock Kelso Capital (BKCC) declares $0.26/share quarterly dividend, in line with previous. Forward yield 10.56%. For shareholders of record June 18. Payable July 02. Ex-div date June 14. (PR) Comment! [Dividends]
Tuesday, March 26, 10:36 AM Investors may want to take profits in BDCs, says Wells Fargo, downgrading the sector to Hold. New investment yields are near historic lows despite higher leverage multiples and a spike in covenant-lite deals, says Wells, a risky combination. Individual downgrades: AINV, PSEC, BKCC, TICC, HRZN, PNNT, TCRD, MCC. A few upgrades make the mix: HTGG, GBDC, ARCC, NMFC. 14 Comments [Financials]
Thursday, March 7, 8:50 AM BlackRock Kelso Capital (BKCC) declares $0.26/share quarterly dividend, in line with previous. Forward yield 9.95%. For shareholders of record Mar. 19. Payable Apr. 02. Ex-div date Mar. 15. (PR) Comment! [Dividends]
Thursday, March 7, 8:20 AM BlackRock Kelso Capital (BKCC): Q4 Adj. NII of $0.27 beats by $0.14. Adj. EPS of $0.18. (PR) Comment! [Earnings, Breaking News, Financials]
Friday, February 8, 12:54 PM In 2013 Q1, BDCs might find themselves paying for a robust 2012 Q4 (when companies rushed to close deals ahead of tax hikes). "Our deal pipeline in Q1 is much slower than it was last quarter," said Golub Capital (GBDC) CEO David Golub on the earnings call (transcript). "It's not anemic ... but there's no question that we and others in the market are feeling the full-forward effect of last quarter." 6 Comments [Financials]
Wednesday, November 14, 2012, 5:51 PM Panic-selling in income producers (I, II) infected the BDC's as well, notably Main Street (MAIN) and Triangle (TCAP), both down more than 10%. Fed meddling seemingly can't hurt their returns, but most names in the popular sector trade well above their net asset values (MAIN is 57% above Sept. 30 NAV after today's decline, TCAP 47%), making them vulnerable to a change in sentiment even if business is doing fine. 19 Comments [Financials]
Thursday, November 8, 2012, 9:15 AM BlackRock Kelso Capital Corporation (BKCC) declares $0.26/share quarterly dividend, in line with previous. For shareholders of record Dec. 20. Payable Jan 3. Ex-div Dec. 18. (PR) Comment! [Dividends]
Thursday, August 2, 2012, 9:51 AM BlackRock Kelso Capital (BKCC) declares $0.26/share quarterly dividend, in line with previous. Forward yield 11.08%. For shareholders of record Sep 19. Payable Oct 03. Ex-div date Sep 17. (PR) Comment! [Dividends]
Tuesday, October 19, 2010, 9:15 AM Premarket gainers: CTIC +14%. MEE +10%. PH +9%. RNN +7%.
Losers: INFN -33%. CWTR -29%. OGXI -15%. KCI -13%. BXC -11%. HT -7%. BKCC -7%. NVO -7%. VMW -7%. AIB -6%. ABK -5%. RIO -5%. ALU -5%. AAPL -5%. HL -4%. IBM -4%. RCL -4%. AUY -4%. ARMH -4%. WFT -4%. BHP -4%. SLW -4%. TOT -4%. Comment!

BKCC BlackRock Kelso Capital

BKCC

BlackRock Kelso Capital