BlackRock TCP Capital ( (TCPC) ) has issued an update.
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 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 in 2025. Despite challenges such as higher non-accruals and lower base rates, the company remains optimistic about future prospects and plans to continue declaring special dividends in the upcoming quarters.
More about BlackRock TCP Capital
BlackRock TCP Capital Corp. is a business development company that operates in the financial industry, focusing on providing loans and financing solutions to middle-market companies. The company is listed on NASDAQ under the ticker symbol TCPC.
YTD Price Performance: 5.30%
Average Trading Volume: 562,722
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $799.4M
For detailed information about TCPC stock, go to TipRanks’ Stock Analysis page.