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Business Development Companies (BDCs) are an easy way to invest in private credit.
They typically have high yields because they must distribute at least 90% of their taxable income to shareholders.
In this article, we’ll rank BDCs using different metrics.
At the end, I’ll share 5 of my favorites.
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Download the BDC List
I created a spreadsheet for you with all the major publicly traded BDCs.
The spreadsheet includes:
Price
52-Week High and Low
Dividend Yield
Return on Equity
Debt / Equity
Market Cap
Highest Dividend Yields
The 5 BDCs with the highest current yields are:
Horizon Technology Finance Corporation (HRZN): 32.67%
Investcorp Credit Management (CMB): 26.53%
Great Elm Capital Corp. (GECC): 24.34%
Oxford Square Capital Corp. (OXSO): 24.00%
BCP Investment Corp. (BCIC): 23.68%
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Strongest Balance Sheets (Lowest Debt-to-Equity)
The 5 BDCs with the lowest debt-to-equity are:
Rand Capital Corp (RAND): 0.0%
Phenixfin Corp (PFX): 0.1%
Bain Capital Specialty Finance Inc (BCSF): 0.13%
EQUUS Total Return Inc (EQS): 7.3%
SuRo Capital Corp (SSSS): 16.6%
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Highest ROE
The 5 BDCs with the highest Return on Equity are:
Gladstone Investment Corporation (GAIN): 24.70%
Main Street Capital Corp (MAIN): 16.94%
Hercules Capital Inc (HTGC): 15.88%