Looking at the universe of stocks we cover at Dividend Channel, on 9/5/13, TCP Capital Corp. (TCPC) will trade ex-dividend, for its quarterly dividend of $0.36, payable on 9/30/13. As a percentage of TCPC's recent stock price of $15.72, this dividend works out to approximately 2.29%, so look for shares of TCP Capital Corp. to trade 2.29% lower — all else being equal — when TCPC shares open for trading on 9/5/13.
Below is a dividend history chart for TCPC, showing historical dividends prior to the most recent $0.36 declared by TCP Capital Corp.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TCPC is likely to continue, and whether the current estimated yield of 9.16% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TCPC shares, versus its 200 day moving average:Looking at the chart above, TCPC's low point in its 52 week range is $14.39 per share, with $16.94 as the 52 week high point — that compares with a last trade of $15.73.
According to the ETF Finder at ETF Channel, TCPC makes up 2.08% of the BDC Income ETF (BIZD) which is trading up by about 1.4% on the day Tuesday. In Tuesday trading, TCP Capital Corp. shares are currently up about 0.9% on the day.