Private credit (BDC) screener

Monthly-paying BDCs

BDCs whose stored payment dates fall roughly a month apart.

A curated list is the screener with the filters already set — the same universe, the same stored figures, one fixed cut of them. It is not a selection anyone here has assessed, endorsed or checked one by one: a security appears below because it currently meets the stated test and disappears when it stops meeting it. What the test is, and what it cannot tell you, are set out on this page.

Drawn from the Private credit (BDC) screener. Open the same filter in the screener to change it.

What this list selects for

This list selects for cadence. A monthly schedule changes the timing of cash, not the amount earned or the credit risk behind it, and several of the monthly payers in this universe are among its smaller vehicles. Nothing here suggests a monthly payer is safer than a quarterly one.

Background: business development companies.

What this screen covers

This screen covers listed business development companies from the site's curated BDC catalog. Non-traded and private BDCs, interval funds, and direct-lending partnerships are not listed securities and are not in this database at all. Funds that hold baskets of BDCs sit in the income fund screener instead.

Which yield you are reading

The yield column is the annual distribution over the latest stored price. For most BDCs that annual figure is a FORWARD estimate — the last regular payment multiplied by the payments a year — and where the cadence cannot be established it is the TRAILING twelve months instead. The Yield basis column names it per row. Supplemental and variable distributions, which many BDCs pay on top of the base rate, are deliberately not annualised: a payment well above the recent norm is treated as a supplemental and the base payment is annualised instead, so the headline figure does not assume a supplemental repeats.

Showing 1–13 of 13. Page 1 of 1

13 securities in this screener's universe match this list, sorted by yield, annualised (highest first). This is a research screen, not a recommendation and not a ranking of quality. A filter describes what a security is; the sort order is a filter too, not an opinion. A security at the top of a yield sort is the one paying the most relative to its price today, which is as often a market judgement about risk as it is an opportunity.

The database holds 39 securities in this screener's universe, of which 35 are eligible for the screen. Of the rest, 3 are not currently live — a security whose quote has gone stale is marked historical, because a data vendor keeps quoting the last trade that ever happened for something redeemed, matured, delisted or acquired, and annualising a payment against that price invents a yield; 1 have no payment history from which to compute an annualised yield.

The two sentences above matter more than any row below them: the first says how many securities matched and in what order they are listed — whichever sort is selected, so the top row is the extreme of that one measure and nothing else — and the second says what was held back and why. In this view the table shows fewer columns: a second yield on a different basis, a ratio, a size are hidden, and the columns that remain carry a line of plain English under the header. Switch to Expert in the bottom-right rail to see all of them. Every figure is a stored observation rather than a live quote, and every one describes the past or the present — none of them is a forecast.

Monthly-paying BDCs — a research screen drawn from the Private credit (BDC) screener over stored prices and stored payment history.
Ticker	Name	Price (last stored)	Market cap	Yield (annualised — basis per row)The payment for a year divided by the latest stored price. The Yield basis column says how that yearly payment was established.	Yield basisWhere the yearly payment came from: a fixed contractual coupon, an estimate from the latest regular payment, or the cash actually paid over 12 months.	Yield (trailing 12m, cash paid)	Payout (GAAP EPS)	Pays	Years paying (our history)	Next ex-date
OXSQ	Oxford Square Capital Corp.	$1.37	$143.93M	30.66%	Forward estimate	30.66%	—	Monthly	22	Sep 16, 2026
PNNT	PennantPark Investment Corporation	$3.81	$248.78M	25.20%	Forward estimate	25.20%	—	Monthly	19	—
HRZN	Horizon Technology Finance Corporation	$4.77	$238.89M	22.64%	Forward estimate	23.27%	255.38%	Monthly	16	Sep 16, 2026
PSEC	Prospect Capital Corporation	$2.35	$1.18B	17.87%	Forward estimate	21.70%	294.19%	Monthly	22	Aug 27, 2026
SAR	Saratoga Investment Corp.	$18.42	$300.44M	16.29%	Forward estimate	17.64%	277.41%	Monthly	19	Sep 03, 2026
CION	CION Investment Corporation	$7.51	$373.92M	15.98%	Forward estimate	20.24%	—	Monthly	5	Sep 11, 2026
PFLT	PennantPark Floating Rate Capital Ltd.	$7.42	$736.20M	13.47%	Forward estimate	15.80%	196.05%	Monthly	15	—
SCM	Stellus Capital Investment Corporation	$8.66	$250.68M	11.54%	Forward estimate	16.51%	147.05%	Monthly	14	Aug 31, 2026
TRIN	Trinity Capital Inc.	$18.70	$1.68B	10.91%	Forward estimate	11.82%	128.73%	Monthly	6	Sep 10, 2026
CSWC	Capital Southwest Corporation	$25.21	$1.57B	9.21%	Forward estimate	10.16%	136.85%	Monthly	41	Sep 15, 2026
GLAD	Gladstone Capital Corporation	$19.84	$448.25M	9.07%	Forward estimate	8.82%	87.33%	Monthly	20	Sep 21, 2026
GAIN	Gladstone Investment Corp.	$16.49	$656.66M	5.82%	Forward estimate	5.82%	40.26%	Monthly	19	Sep 21, 2026
MAIN	Main Street Capital Corporation	$58.54	$5.44B	5.43%	Forward estimate	7.36%	77.33%	Monthly	18	Sep 08, 2026

Data as of Aug 25, 2026.

Prices last refreshed Aug 25, 2026; the yields, cadences and streaks derived from them Aug 25, 2026. No figure in this table is a live quote.

A research screen, not a recommendation

This is a research screen, not a recommendation and not a ranking of quality. A filter describes what a security is; the sort order is a filter too, not an opinion. A security at the top of a yield sort is the one paying the most relative to its price today, which is as often a market judgement about risk as it is an opportunity.

What this screener is for

This screen exists to put the listed private-credit vehicles side by side on what is knowable from public market data: what each one distributes relative to its price, how large it is, how often it pays, and how long a payment record it has. A BDC is a listed company that lends to private middle-market businesses and must distribute at least 90% of its taxable income to keep its tax treatment, which is why the yields in this universe start where most equity yields end. See business development companies, private credit funds.

The high yield is compensation for something specific: the loans are to companies too small or too leveraged to issue public bonds, most are floating rate, and many BDCs borrow to lend. The payment record column is here because in this universe the useful question is not who yields most today, but who was still paying through the last credit cycle.

What it cannot tell you

The payout ratio column is against GAAP earnings per share, and for a BDC that is the wrong denominator. The industry measure is net investment income, and coverage swings with unrealised marks on the loan book that never touch cash. A BDC showing 130% here may be covering its base distribution comfortably out of net investment income, and one showing 70% may not be. This database does not hold net investment income. See payout ratio, distribution coverage.
It holds no net asset value, so it cannot show whether a BDC trades above or below the book value of its loans — one of the two figures the sector is actually argued about.
It holds nothing about the loan book: non-accruals, sector concentration, first-lien share, payment-in-kind income, or the leverage the BDC itself runs. Those are in the quarterly filing.
Supplemental and variable distributions are excluded from the annualised figure by design, so a BDC that has been paying large supplementals will show a lower yield here than its recent cash suggests. The trailing twelve-month column includes them, which is why the two columns can differ widely.
Rising years are counted only inside the payment history stored here, which begins wherever the data provider's does. It is not a company record.

These definitions cover every column this screen can show, including the specialist ones hidden from the table above. Read the yield entry first. Which payment went into the figure, and over what period, is what the number actually means — and two yields computed on different bases are not comparable with each other, even though both are printed as a percentage.

What each column means

Yield (annualised — basis per row): The annual distribution over the latest stored price. Forward where the payment cadence is established, trailing twelve months where it is not, with supplementals stripped out of the annualisation.
Payout (GAAP EPS): Distribution as a percentage of GAAP earnings per share. Blank where no ratio is stored. Read the limitation above before using it. See payout ratio.
Rising yrs (our history): Consecutive completed calendar years in which the largest regular payment exceeded the previous year's, counted across stored history only. A trailing '+' marks a run that reaches the first year we hold, making the figure a floor rather than a total.
Years paying (our history): Completed calendar years with at least one payment in the stored history.

Where these numbers come from

Nothing on this page is a live quote. Prices are the most recent stored observation from the daily quote job, and every yield is computed against that stored price. Securities that have stopped trading — redeemed, matured, delisted or acquired — keep their history in the database but are excluded from every screen, because a vendor keeps quoting the last trade that ever happened and annualising against it invents a yield.

Securities whose last twelve months are dominated by a one-off payment, or that have too few payments on record to establish a rate, are marked 'irregular' by the compute job and are excluded from every screen here. The figure they would produce describes a single event rather than an income stream.

What can go wrong here — private credit

A BDC's income comes from loans to private companies that could not or would not issue public debt. When those borrowers stop paying, the loan goes on non-accrual, net investment income falls and the distribution follows; the sector's history includes distribution cuts of half or more. Most BDCs borrow to lend, so a fall in the value of the loan book hits shareholders' equity several times harder than it hits the assets. Most loans float, so income falls when short rates fall while the borrowing cost may not. The shares themselves trade at a market price that can sit far below the stated value of the loans for years at a time, and payment-in-kind income — interest added to the loan balance rather than paid in cash — can flatter reported earnings while no cash arrives.

Other lists from this screener

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Longest distribution records

BDCs with ten or more completed calendar years of payments in the history stored here, longest first.

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Questions about this screen

Why are BDC yields so much higher than dividend stock yields?

Two structural reasons and one risk reason. Structurally, a BDC is a pass-through: it must distribute at least 90% of its taxable income to keep its regulated investment company tax treatment, so almost everything it earns leaves as a distribution, and most of what it earns is interest rather than corporate profit. The risk reason is that the loans are to companies without access to the public bond market, usually floating rate and often leveraged.

Is a BDC distribution taxed like a dividend?

Mostly not. The bulk of a BDC distribution is ordinary income, taxed at your marginal rate, because it is interest passed through rather than qualified corporate dividends. Portions can be qualified dividends, long-term capital gain or return of capital, and the split arrives on the 1099-DIV after year end.

What does a payout ratio above 100% mean for a BDC?

Less than it would for an industrial company, because the denominator is wrong. GAAP earnings for a BDC include unrealised marks on the loan portfolio that never touch cash, so the ratio swings with valuations rather than with the cash available to distribute. The measure the sector uses is net investment income, and this database does not hold it — the quarterly filing does.

What is a supplemental distribution?

A payment on top of the regular base distribution, common when net investment income runs above the base rate. It is discretionary and it stops when income falls, so this screen deliberately does not annualise it: a payment well above the recent norm is treated as a supplemental, and the base payment is annualised instead. The trailing twelve-month column still includes every dollar paid.