Blackrock Capital Investment Corp (NASDAQ:BKCC) to Issue Quarterly Dividend of $0.18

Blackrock Capital Investment Corp (NASDAQ:BKCC) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.18 per share by the asset manager on Tuesday, July 9th. This represents a $0.72 annualized dividend and a dividend yield of 11.80%. The ex-dividend date is Monday, June 17th.

Blackrock Capital Investment has decreased its dividend payment by an average of 5.0% annually over the last three years. Blackrock Capital Investment has a dividend payout ratio of 110.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Blackrock Capital Investment to earn $0.72 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 100.0%.

Shares of NASDAQ:BKCC traded down $0.02 on Monday, hitting $6.10. 189,369 shares of the company were exchanged, compared to its average volume of 304,567. The stock has a market capitalization of $419.90 million, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 9.49 and a beta of 0.75. The firm’s 50 day moving average price is $6.11. Blackrock Capital Investment has a one year low of $5.06 and a one year high of $6.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.32 million during the quarter, compared to analyst estimates of $21.20 million. Blackrock Capital Investment had a net margin of 11.81% and a return on equity of 9.17%. As a group, equities analysts expect that Blackrock Capital Investment will post 0.64 EPS for the current year.

In other Blackrock Capital Investment news, CFO Michael Pungello bought 4,000 shares of Blackrock Capital Investment stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $6.27 per share, for a total transaction of $25,080.00. Following the completion of the acquisition, the chief financial officer now owns 13,083 shares of the company’s stock, valued at approximately $82,030.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on BKCC shares. BidaskClub lowered shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Zacks Investment Research lowered shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $6.00.

About Blackrock Capital Investment

BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.

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Dividend History for Blackrock Capital Investment (NASDAQ:BKCC)

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