By: Shauvik Haldar
Among business development companies — specialized lenders that channel capital into the private market — few have built a track record as consistent, or as income-friendly, as this Houston-based firm. With a forward dividend yield of 5.89%, the company sits in the top 40% of all dividend-paying stocks, a meaningful distinction in a sector where yield must always be weighed against the sustainability of the underlying cash flows that support it. Monthly distributions have never been cut or suspended since the company’s 2007 IPO, and 2025 marked a record year of earnings performance, portfolio expansion, and net asset value growth — the 14th consecutive quarter in which NAV per share reached a new all-time high.












