THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. The fund prefers to be a lead or sole investor in a transaction.
First Eagle Alternative Capital BDC Dividend Announcement
• First Eagle Alternative Capital BDC announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2024-12-30. Ex dividend date: 2024-11-29
• First Eagle Alternative Capital BDC annual dividend for 2024 was $0.94
• First Eagle Alternative Capital BDC annual dividend for 2023 was $0.62
• First Eagle Alternative Capital BDC's trailing twelve-month (TTM) dividend yield is 2.55%
• First Eagle Alternative Capital BDC's payout ratio for the trailing twelve months (TTM) is 73.49%
First Eagle Alternative Capital BDC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | $0.31 | quarterly | 2024-12-30 |
2024-08-30 | $0.31 | quarterly | 2024-09-30 |
2024-02-29 | $0.31 | quarterly | 2024-04-01 |
2023-05-31 | $0.31 | quarterly | 2023-06-30 |
2023-02-28 | $0.31 | quarterly | 2023-03-30 |
2022-11-30 | $0.31 | quarterly | 2022-12-30 |
2022-08-31 | $0.31 | quarterly | 2022-09-30 |
2022-05-31 | $0.31 | quarterly | 2022-09-30 |
2022-02-28 | $0.31 | quarterly | 2022-03-30 |
2021-11-30 | $0.31 | quarterly | |
2021-08-31 | $0.43 | quarterly |
First Eagle Alternative Capital BDC Dividend per year
First Eagle Alternative Capital BDC Dividend growth
First Eagle Alternative Capital BDC Dividend Yield
First Eagle Alternative Capital BDC current trailing twelve-month (TTM) dividend yield is 2.55%. Interested in purchasing First Eagle Alternative Capital BDC stock? Use our calculator to estimate your expected dividend yield:
First Eagle Alternative Capital BDC Financial Ratios
First Eagle Alternative Capital BDC Dividend FAQ
Other factors to consider when evaluating First Eagle Alternative Capital BDC as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Eagle Alternative Capital BDC's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Eagle Alternative Capital BDC publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Eagle Alternative Capital BDC distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Eagle Alternative Capital BDC are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Eagle Alternative Capital BDC sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Eagle Alternative Capital BDC distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Eagle Alternative Capital BDC declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Eagle Alternative Capital BDC's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Eagle Alternative Capital BDC's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.