BlackRock TCP Capital Q3 NII $0.42/sh beats dividend; dividend raised to $0.32

BlackRock TCP Capital Corp.

2022-Q3 EPS reported $0.67

Net investment income of $24.4M ($0.42/sh) exceeded the $0.30 dividend; NAV per share $14.12, up from $13.97.
Board declared Q4 dividend of $0.32/sh, a $0.02 increase, payable Dec 30 to holders of record Dec 16.
Portfolio weighted avg effective yield rose to 10.5% from 9.2%; 94.5% of debt investments are floating-rate.
No new non-accruals; non-accruals represent 0.3% of portfolio at fair value; acquisitions $48.3M, dispositions $170.4M.
Appointed Karen L. Leets as independent director effective October 27, 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BlackRock TCP Capital Corp. reported the third quarter ended September 30, 2022 results: net income $24.4 million, or $0.42 per share, EPS $0.42 per share.

Period: the third quarter ended September 30, 2022
Net income: $24.4 million, or $0.42 per share
EPS: $0.42 per share
Result: reported results

Exact text from the filing

On November 3, 2022, the registrant issued a press release announcing its financial results for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000950170-22-021572

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