Independent Research on Publicly Traded Business Development Companies

Compare dividend yields, NAV discounts, portfolio quality, leverage, and historical performance across every publicly traded BDC.

12
Public BDCs Covered
9.2%
Average Forward Dividend Yield*
$40B+
Combined Market Capitalization*
3
Monthly Dividend Payers
*Updated July 2026. Data compiled from publicly available SEC filings and issuer disclosures.

Featured BDCs

ARCC
Ares Capital Corporation
9.2%
Yield
$12.1B
Market Cap
$19.38
NAV
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OBDC
Blue Owl Capital Corporation
9.5%
Yield
$5.2B
Market Cap
$14.85
NAV
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BXSL
Blackstone Secured Lending Fund
8.5%
Yield
$4.8B
Market Cap
$30.45
NAV
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MAINMonthly
Main Street Capital Corporation
7.5%
Yield
$3.5B
Market Cap
$38.5
NAV
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GBDC
Golub Capital BDC, Inc.
9%
Yield
$3.2B
Market Cap
$15.2
NAV
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HTGC
Hercules Capital, Inc.
9.8%
Yield
$2.6B
Market Cap
$16.8
NAV
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Dividend Comparison

Preview the top BDC yields. View full table for complete comparison.

TickerNameDividend YieldAnnual/ShareFrequency1Y Return
PSECProspect Capital Corporation12.5%$0.7Monthly8.2%
HTGCHercules Capital, Inc.9.8%$1.86Quarterly17.2%
TSLXSixth Street Specialty Lending, Inc.9.5%$2.01Quarterly14.1%
OBDCBlue Owl Capital Corporation9.5%$1.44Quarterly11.8%
FDUSFidus Investment Corporation9.5%$1.93Quarterly14.8%

BDC Rankings

Compare BDCs across key metrics to find the right investment for your portfolio.

Highest Dividend Yield

BDCs ranked by forward dividend yield, from highest to lowest.

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Largest BDCs

BDCs ranked by market capitalization, from largest to smallest.

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Monthly Dividend BDCs

All BDCs that pay monthly dividends for consistent income.

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Lowest Expense Ratio

BDCs ranked by expense ratio, from lowest to highest.

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Highest NAV Growth

BDCs ranked by premium to NAV, indicating portfolio value growth.

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Lowest Leverage

BDCs ranked by leverage ratio, from most conservative to most leveraged.

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Learn About BDCs

New to Business Development Companies? Start here.

What Is a BDC?

Learn the basics of Business Development Companies, their structure, and how they generate income for investors.

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BDC vs REIT

Compare BDCs and REITs as income investments. Understand the key differences in structure, taxation, and risk.

Read Comparison

How BDC Dividends Work

Understand BDC dividend mechanics, tax treatment, and what drives distribution growth.

Read Guide

BDC Taxation

Learn how BDC dividends are taxed and how to optimize your after-tax returns.

Read Guide