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Stock impact report

THL Credit: Priced For A Dividend Cut, Driving 16.2% Yield And Continued Rally [Seeking Alpha]

THL CREDIT (TCRD) 
Last thl credit earnings: 11/4 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
THL Credit: Priced For A Dividend Cut, Driving 16.2% Yield And Continued Rally High-yield investments and the overall financial sector were declining during the last three months of 2018 likely due to investors expecting higher yields related to fears of an economic slowdown. The following chart shows the recent performance for U.S. Financial Select Sector SPDR ETF ( XLF BDCS I have recently been purchasing shares of higher-quality Business Development Companies ("BDCs") with sustainable dividends and risk-averse balance sheets prepared for a potential economic downturn and/or rising interest rates. THL Credit TCRD Source: SEC Filings and BDCBuzz.com The average BDC has easily outperformed the S&P 500 so far in 2019 including TCRD and TCG BDC Inc. ( CGBD I Just Bought More TCG BDC, Which Is About To Rally With A Safe 13% Yield Upcoming TCRD Dividend Cut There is a good chance of a ~25% dividend reduction over the next six months as shown in the Leverage Previously, I downgraded TCRD Show less Read more
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