Highlights:
- BlackRock TCP Capital (TCPC, Financial) maintains quarterly dividend at $0.25 per share.
- The stock offers a forward yield of 15.13% post a 26.5% dividend reduction.
- Analyst forecasts indicate a potential upside to $7.33, with a high target of $8.00.
BlackRock TCP Capital (TCPC) has made a notable decision to keep its quarterly dividend at $0.25 per share, despite a recent dividend reduction of 26.5%. This move ensures a forward yield of 15.13%. Investors who are on record by June 16 will be eligible for the dividend payment scheduled for June 30. The ex-dividend date is also designated as June 16.
Wall Street Analysts' Outlook
In terms of stock price predictions, three analysts have set a one-year average price target of $7.33 for BlackRock TCP Capital Corp (TCPC, Financial). This average target suggests a potential upside of 10.94% from its current trading price of $6.61. The price target range extends from a low of $6.50 to a high of $8.00. For additional data on these projections, you can visit the BlackRock TCP Capital Corp (TCPC) Forecast page.
When evaluating the stock from a brokerage standpoint, the consensus recommendation from five firms stands at an average rating of 3.2. This rating falls into the "Hold" category, on a scale where 1 indicates a Strong Buy and 5 indicates a Sell.
GF Value Estimation
According to GuruFocus estimates, the GF Value of BlackRock TCP Capital Corp (TCPC, Financial) in one year is predicted to be $29.40. This significant valuation hints at a possible upside of 344.78% from the current price of $6.61. The GF Value is determined based on historical multiples, past business growth, and future business performance projections. More comprehensive information is available on the BlackRock TCP Capital Corp (TCPC) Summary page.
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