BlackRock TCP Capital Corp.
TCPCFinancial Services · Stock · quarterly payer
$3.81
Add to PortfolioForward Yield
22.05%
Annual Dividend
$0.84
Payout Ratio
378%
5-Yr Growth
-2.6%
Ex-Date
Jun 16, 2026
Frequency
Quarterly
TCPC Dividend Safety Score
38/ 100
Grade D
Risky
Dividend-growth streak0 consecutive years of growth
Cut historyCut its dividend in 2025
Earnings payout coverage378% of earnings paid out
Free-cash-flow coverage102% of free cash flow
Balance-sheet strengthDebt/equity of 1.64
Yield vs its historyYield is 1.7× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is TCPC a good dividend stock?
Higher riskBlackRock TCP Capital Corp. (TCPC) pays a quarterly dividend yielding 22.05% ($0.84/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (378%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 22.05%
- Payout Ratio
- 378%
- Annual Dividend
- $0.84
- 5-Yr Avg Growth
- -2.6%
- Ex-Dividend Date
- Jun 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.99
- Market Cap
- $319.7M
- P/E Ratio
- —
- 5-Yr Total Return
- -73%
- 52-Week Range
- $3.43 – $8.06
- Dividend Safety
- D · 38/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 17, 2026 | — | $0.1700 | regular |
| Dec 17, 2025 | — | $0.2500 | regular |
| Sep 16, 2025 | — | $0.2900 | regular |
| Jun 16, 2025 | — | $0.2900 | regular |
| Mar 17, 2025 | — | $0.2900 | regular |
| Dec 17, 2024 | — | $0.4400 | regular |
| Sep 16, 2024 | — | $0.3400 | regular |
| Jun 14, 2024 | — | $0.3400 | regular |
| Mar 13, 2024 | — | $0.3400 | regular |
| Dec 14, 2023 | — | $0.5900 | regular |
| Sep 14, 2023 | — | $0.4400 | regular |
| Jun 15, 2023 | — | $0.3400 | regular |
| Mar 16, 2023 | — | $0.3200 | regular |
| Dec 28, 2022 | — | $0.0500 | regular |
Income Calculator
At $0.84 / yr per share
Per payment (quarterly)$21.00
Annual$84.00
Monthly avg$7.00
