Ares Capital CorporationTrades at discount to NAV with strong sell-side support and double-digit yield.
Three business development companies offer double-digit yields as August approaches. Ares Capital, the largest publicly traded BDC, trades at $19.10, a discount to its $19.59 NAV, with a 10.05% trailing yield and strong sell-side support. Trinity Capital has surged 24.73% year to date, delivering a 15.8% effective yield on debt investments and a 11.56% dividend yield, backed by 103.9% dividend coverage in Q1 2026. Golub Capital BDC trades at $12.96, well below its $14.35 NAV, yielding 11.11%, and is repurchasing shares at 84% of NAV to boost book value. Non-accrual trends, spread direction, and dividend coverage ratios will determine whether these yields hold through the second half.
Ares Capital CorporationTrades at discount to NAV with strong sell-side support and double-digit yield.
Golub Capital BDC IncTrades below NAV, repurchasing shares at 84% of NAV to boost book value, with 11.11% yield.
Trinity Capital Inc.Surged 24.73% YTD, delivers 15.8% effective yield on debt investments and 11.56% dividend yield with strong coverage.
NVIDIA Corporation