TCG BDC, Inc. (NASDAQ: CGBD) reported Q3 EPS of $0.41, $0.01 better than the analyst estimate of $0.40.

Highlights:

• On November 5, 2018, the Company’s Board of Directors approved a $100 million stock repurchase program. Pursuant to the program, the Company is authorized to repurchase up to $100 million in the aggregate of its outstanding common stock in the open market and/or through privately negotiated transactions at prices not to exceed the Company’s net asset value per share as reported in its most recent financial statements, in accordance with the guidelines specified in Rule 10b-18 of the Exchange Act. The program is expected to be in effect until November 5, 2019, or until the approved dollar amount has been used to repurchase shares;
• On November 5, 2018, our Board of Directors declared a quarterly dividend of $0.37 per share, which is payable on January 17, 2019 to stockholders of record as of December 28, 2018;
• Net investment income for the three month period ended September 30, 2018 was $25,685, or $0.41 per share, as compared to $28,210, or $0.45 per share, for the three month period ended June 30, 2018;
• Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments for the three month period ended September 30, 2018 was $(19,605), or $(0.31) per share, as compared to $(15,104), or $(0.24) per share, for the three month period ended June 30, 2018; and
• Net increase in net assets resulting from operations for the three month period ended September 30, 2018 was $6,080, or $0.10 per share, as compared to $13,106, or $0.21 per share, for the three month period ended June 30, 2018.

For earnings history and earnings-related data on TCG BDC, Inc. (CGBD) click here.