BlackRock TCP Capital (TCPC) Dividend Coverage Ratio (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly Dividend Coverage Ratio came in at 3.03 in Q2 2026, up 20.44% on a YoY basis from 2.51 in Q2 2025, and down 3.72% quarter-over-quarter from 3.14 in Q1 2026.
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BlackRock TCP Capital (TCPC) Dividend Coverage Ratio (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has reported Dividend Coverage Ratio for 6 consecutive years, with 3.03 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Dividend Coverage Ratio rose 20.44% year-over-year to 3.03; the trailing twelve-month figure through Jun 2026 stood at 2.7 (up 6.25% YoY), and the FY2025 full-year result was 2.58, down 1.07% from the prior year.
- Dividend Coverage Ratio declined to 3.03 in Q2 2026 per TCPC's latest filing, from 3.14 in the prior quarter.
- Across five years, Dividend Coverage Ratio topped out at 7.93 in Q1 2024 and bottomed at 1.39 in Q2 2024.
- Historically, Dividend Coverage Ratio has averaged 3.01 across 5 years, with a median of 2.94 in 2023.
- The sharpest annual moves came in 2024 and 2025: Dividend Coverage Ratio surged 164.05% in 2024, then plunged 63.7% in 2025.
- Over 5 years, Dividend Coverage Ratio stood at 3.2 in 2022, then slumped by 51.81% to 1.54 in 2023, then jumped by 34.1% to 2.07 in 2024, then advanced by 17.59% to 2.43 in 2025, then advanced by 24.3% to 3.03 in 2026.
- According to Business Quant data, Dividend Coverage Ratio over the past three periods registered 3.03, 3.14, and 2.43 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 0.42 |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 0.43 |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 0.29 |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 1.89 |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | 0.18 |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 0.69 |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | -0.06 |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | -0.63 |
| 10 | BlackRock TCP Capital | 341.48 Mn | 183.94 Mn | - | 3.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.03 |
| Mar 31, 2026 | 3.14 |
| Dec 31, 2025 | 2.43 |
| Sep 30, 2025 | 2.47 |
| Jun 30, 2025 | 2.51 |
| Mar 31, 2025 | 2.88 |
| Dec 31, 2024 | 2.07 |
| Sep 30, 2024 | 2.87 |
| Jun 30, 2024 | 1.39 |
| Mar 31, 2024 | 7.93 |
| Dec 31, 2023 | 1.54 |
| Sep 30, 2023 | 2.29 |
| Jun 30, 2023 | 3.53 |
| Mar 31, 2023 | 3.00 |
| Dec 31, 2022 | 3.20 |
| Sep 30, 2022 | 3.60 |
| Jun 30, 2022 | 3.22 |
| Mar 31, 2022 | 3.03 |
| Dec 31, 2021 | 2.75 |