Strong Net Investment Income
Q2 net investment income per share was $0.47, representing an annualized yield on book value of 10.7%. This continues to demonstrate strong dividend coverage for shareholders, exceeding the regular dividend payout by 12%.
Increase in Gross Originations
BCSF's gross originations during Q2 were $530 million, up 73% year-over-year, showcasing the company's ability to source attractive investment opportunities despite a challenging market.
Stable Credit Quality
Investments on nonaccrual represent 1.7% and 0.6% at amortized cost and fair value, respectively, indicating stable credit quality. The nonaccrual rate remains low relative to the broader BDC sector average.
Attractive Dividend Yield
At BCSF's current market price, the dividend yield, inclusive of regular and special dividends, represents a 12.2% annualized yield.