Business Services Sector BDCs
28 publicly traded Business Development Companies with material exposure to the Business Services sector, ranked by live forward dividend yield.
Last updated: 09/04/2026
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Dividend Rankings for Business Services BDCs
| Rank | Ticker | Name | Dividend Yield | Annual/Share | Frequency | Stock Price |
|---|---|---|---|---|---|---|
| 1 | OXSQ | Oxford Square Capital Corp. | 31.1% | $0.43 | Quarterly | $1.35 |
| 2 | PNNT | PennantPark Investment Corporation | 25.7% | $0.48 | Quarterly | $3.74 |
| 3 | GECC | Great Elm Capital Corp. | 21.5% | $1.03 | Quarterly | $6 |
| 4 | FSK | FS KKR Capital Corp. II | 18.5% | $1.71 | Quarterly | $12.44 |
| 5 | SAR | Saratoga Investment Corp. | 18.4% | $3 | Quarterly | $17.64 |
| 6 | NMFC | New Mountain Finance Corporation | 16.2% | $1.01 | Quarterly | $7.48 |
| 7 | CCAP | Crescent Capital BDC, Inc. | 16% | $1.34 | Quarterly | $10.37 |
| 8 | BCSF | Bain Capital Specialty Finance, Inc. | 16% | $1.68 | Quarterly | $11.82 |
| 9 | PFLT | PennantPark Floating Rate Capital Ltd. | 15.9% | $0.96 | Quarterly | $7.39 |
| 10 | CION | CION Investment Corporation | 15.8% | $1.21 | Quarterly | $7.34 |
| 11 | SCM | Stellus Capital Investment Corporation | 15.7% | $1.36 | Monthly | $8.78 |
| 12 | GSBD | Goldman Sachs BDC, Inc. | 15.4% | $1.29 | Quarterly | $9.98 |
| 13 | MFIC | MidCap Financial Investment Corporation | 14.4% | $1.25 | Quarterly | $9.62 |
| 14 | NCDL | Nuveen Churchill Direct Lending Corp. | 13.4% | $1.43 | Quarterly | $12.52 |
| 15 | CGBD | Carlyle Secured Lending, Inc. | 13.3% | $1.42 | Quarterly | $11.69 |
| 16 | OBDC | Blue Owl Capital Corporation | 12.6% | $1.44 | Quarterly | $11.4 |
| 17 | BXSL | Blackstone Secured Lending Fund | 12.5% | $2.62 | Quarterly | $24.72 |
| 18 | MSDL | Morgan Stanley Direct Lending Fund | 12.5% | $1.81 | Quarterly | $15.25 |
| 19 | SLRC | SLR Investment Corp. | 12.3% | $1.45 | Quarterly | $12.57 |
| 20 | BBDC | Barings BDC, Inc. | 11.5% | $1.05 | Quarterly | $9.02 |
| 21 | FDUS | Fidus Investment Corporation | 11.3% | $1.93 | Quarterly | $19.63 |
| 22 | GBDC | Golub Capital BDC, Inc. | 11.1% | $1.4 | Quarterly | $13 |
| 23 | CSWC | Capital Southwest Corporation | 10.4% | $1.99 | Quarterly | $24.58 |
| 24 | TSLX | Sixth Street Specialty Lending, Inc. | 10% | $2.01 | Quarterly | $18.38 |
| 25 | ARCC | Ares Capital Corporation | 9.6% | $1.92 | Quarterly | $20.04 |
| 26 | GLAD | Gladstone Capital Corporation | 9.5% | $1.8 | Monthly | $20.1 |
| 27 | MAIN | Main Street Capital Corporation | 7.5% | $3.24 | Monthly | $57.68 |
| 28 | GAIN | Gladstone Investment Corporation | 5.9% | $1.09 | Monthly | $16.4 |
How to Evaluate Business Services BDCs
When evaluating business services-focused BDCs, prioritize these signals:
- Dividend coverage: NII should comfortably exceed the distribution to indicate sustainability across market cycles.
- Portfolio diversification: Exposure to a single sector concentrates risk; check that the BDC caps any one issuer's weight responsibly.
- NAV stability: A history of stable or rising net asset value signals disciplined underwriting.
- Leverage: Lower leverage ratios cushion sector-specific drawdowns.