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Sep 30, 2024
BlackRock TCP Q3 2024 Earnings Report
Announced third quarter 2024 financial results, including net investment income of $0.40 per share, and declared fourth quarter dividend of $0.34 per share and a special dividend of $0.10 per share.
Key Takeaways
BlackRock TCP Capital Corp. reported a solid adjusted net investment income of $30.8 million, or $0.36 per share, for the third quarter, resulting in an adjusted annualized NII return on average equity of 14%. The board approved a special dividend of $0.10 per share and re-approved the authorization to repurchase up to $50.0 million of common stock.
Net investment income for the quarter ended September 30, 2024 was $33.9 million, or $0.40 per share on a diluted basis.
Adjusted net investment income for the quarter ended September 30, 2024 was $30.8 million, or $0.36 per share on a diluted basis.
Net asset value per share was $10.11 as of September 30, 2024.
Total acquisitions during the quarter ended September 30, 2024 were approximately $72.8 million and total investment dispositions were $139.2 million.
Forward Guidance
On November 6, 2024, our Board of Directors declared a fourth quarter dividend of $0.34 per share and a $0.10 per share special dividend, both payable on December 31, 2024 to stockholders of record as of the close of business on December 17, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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