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3.60 USD
EPS
-1.05
Yield
27.78%
Safety Score
10
P/B
0.50
ROE
-12.86
Beta
0.92
Target Price
4.33 USD
BlackRock TCP Capital Corp. logo

BlackRock TCP Capital Corp.

🧾 Earnings Recap – Q3 2025

BlackRock TCP Capital Corp. maintained its NAV at $8.71 in Q3 2025 while improving nonaccruals to 3.5% of the portfolio, although challenges with the Renovo investment may impact future earnings.

  • Successful resolution of challenged credits with a drop in nonaccrual investments from 5.6% to 3.5%.
  • Declared a consistent third-quarter dividend of $0.25 per share, reflecting stability amid market fluctuations.
  • Increased deal activity with a 20% rise in reviewed opportunities, showcasing enhanced access through the BlackRock and HPS Private Financing Solutions platform.
  • Notable portfolio gains, particularly with NEP Group, which upgraded TCPC's investment from a second lien to a first lien term loan.
  • Anticipated write-down of the Renovo investment, projected to reduce NAV by approximately $0.15 per share in Q4 2025.
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Key Metrics
Earnings dateMay 6, 2026
EPS-1.05
Book Value7.07
Price to Book0.50
Debt/Equity173.16
% Insiders0.327%
Growth
Revenue Growth-0.28%
Earnings Growth0.13%
Estimates
Forward P/E5.60
Forward EPS0.63
Target Mean Price4.33
Dividend
Dividend Yield27.78%
Annual dividends1.00 USD
Ex-Div. DateMarch 17, 2026
Payout-107.01%
5y avg Yield11.67%

DCF Valuation

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DCF Result

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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

BlackRock TCP Capital Corp. Logo BlackRock TCP Capital Corp. Analysis (TCPC)

United States Financials Official Website Stock

Is BlackRock TCP Capital Corp. a good investment? BlackRock TCP Capital Corp. (TCPC) is currently trading at 3.60 USD. Market analysts have a consensus price target of 4.33 USD. This suggests a potential upside from current levels.

Earnings Schedule: BlackRock TCP Capital Corp. is expected to release its next earnings report on May 6, 2026. The market consensus estimate for Forward EPS is 0.63.

For income investors, BlackRock TCP Capital Corp. pays a dividend yield of 27.78%. With a payout ratio of -107%, the dividend appears sustainable.

Investor FAQ

Does BlackRock TCP Capital Corp. pay a dividend?

Yes, it pays an annual dividend of 1.00 USD (27.78% yield).

What asset class is BlackRock TCP Capital Corp.?

BlackRock TCP Capital Corp. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 6, 2026. The company currently has a trailing EPS of -1.05.

Company Profile

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests in debt between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

Exchange Ticker
NMS (United States) TCPC
Dividend Yield

27.78% (5y avg: 11.67%)

Annual Dividends

1.00 USD

Next ex. div date

March 17, 2026

Payout Ratio

-107.01%

Historical Dividends
Year Total Dividends
2027 0.17 USD
2026 1.06 USD
2025 1.12 USD
2024 1.46 USD
2023 1.74 USD
2022 1.22 USD
2021 1.20 USD
2020 1.32 USD
2019 1.44 USD
2018 1.44 USD
2017 1.44 USD
2016 1.44 USD
2015 1.44 USD
2014 1.54 USD
2013 1.48 USD
2012 1.04 USD

Yearly aggregated dividends

Dividends

BlackRock TCP Capital Corp.
Mar 31, 2026 Paid
Dividend
0.17 USD
BlackRock TCP Capital Corp.
Dec 31, 2025 Paid
Dividend
0.25 USD
BlackRock TCP Capital Corp.
Sep 30, 2025 Paid
Dividend
0.29 USD
BlackRock TCP Capital Corp.
Jun 30, 2025 Paid
Dividend
0.29 USD

Historical Split Corporate Actions

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