BlackRock TCP Capital ( (TCPC) ) has provided an announcement.
On February 27, 2025, BlackRock TCP Capital Corp. announced its financial results for the fourth quarter and year ended December 31, 2024, reporting a net investment income of $0.40 per share for the quarter. The company declared a first quarter regular dividend of $0.25 per share and a special dividend of $0.04 per share, payable on March 31, 2025. Additionally, the Adviser agreed to waive one-third of its base management fee for three quarters starting January 1, 2025. Despite challenges such as higher non-accruals and lower base rates, the company remains optimistic about its future prospects and plans to declare further special dividends in 2025, subject to board approval.
More about BlackRock TCP Capital
BlackRock TCP Capital Corp. is a business development company that operates in the financial services industry. It primarily focuses on providing loans and credit solutions to middle-market companies, helping them with capital investment and financial growth.
YTD Price Performance: 5.30%
Average Trading Volume: 562,722
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $799.4M
See more insights into TCPC stock on TipRanks’ Stock Analysis page.