TCP Capital (TCPC) Declares $0.37 Quarterly Dividend; 10.1% Yield

TCP Capital (NASDAQ: TCPC) declared a quarterly dividend of $0.37 per share, or $1.48 annualized.

The dividend will be payable on June 29, 2018, to stockholders of record on June 15, 2018, with an ex-dividend date of June 14, 2018.

The annual yield on the dividend is 10.1 percent.

"We are pleased to have delivered strong performance in the first quarter of 2018, as we out-earned our dividend for the 24th consecutive quarter," said Howard Levkowitz, TCP Capital Corp. Chairman and CEO. "In the first quarter, we originated over $169 million in loans, with net deployments of approximately $98 million leveraging our robust direct origination platform. We continue to source attractive investment opportunities, while remaining highly selective and disciplined. We are excited about our recently announced transaction with BlackRock and believe it will further enhance our ability to deliver strong results for shareholders."

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

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• Columbia Banking System (COLB) Declares $0.37 Quarterly Dividend; 4.6% Yield
• Xylem (XYL) Declares $0.43 Quarterly Dividend; 1.4% Yield