On Wednesday August 28th, 2013, lower middle market Business Development Company (BDC) Triangle Capital Corporation (NYSE:TCAP) announced a third quarter 2013 dividend of $0.54, unchanged from the prior period. Since going public in 2007, TCAP will now have paid a quarterly dividend on twenty nine occasions. The latest distribution is to be paid out on September 25th to shareholders of record as of September 11th.
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 over a decade, and our...
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