TCP Capital (TCPC) Declares $0.36 Quarterly Dividend; 9.9% Yield

TCP Capital (NASDAQ: TCPC) declared a quarterly dividend of $0.36 per share, or $1.44 annualized.

The dividend will be payable on March 20, 2018, to stockholders of record on March 16, 2018, with an ex-dividend date of March 15, 2018.

The annual yield on the dividend is 9.9 percent.

"We are pleased with results for the fourth quarter of 2017. We out-earned our dividend by $0.05, demonstrating the earnings power of our portfolio," said Howard Levkowitz, TCP Capital Corp. Chairman and CEO. "Our robust direct origination platform enables us to grow our portfolio while continuing to be highly selective and disciplined in our investing. We are also pleased to have the continued support of the capital markets, as demonstrated by our follow-on issuance of unsecured notes during the quarter at an attractive price and our closing of a new revolving credit facility yesterday at an attractive rate."

For a dividend history and other dividend-related data on TCP Capital (TCPC) click here.

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