Top Industrials BDCs
5 publicly traded Business Development Companies with material exposure to the Industrials sector, ranked by live forward dividend yield.
Last updated: 07/18/2026
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Not Investment Advice: This comparison is for educational and informational purposes only. Nothing here constitutes a recommendation, solicitation, or investment advice to buy or sell any security. Past performance does not guarantee future results. Always conduct your own due diligence and consult a licensed financial advisor.
Industrials BDC Dividend Rankings
| Rank | Ticker | Name | Dividend Yield | Annual/Share | Frequency | Stock Price |
|---|---|---|---|---|---|---|
| 1 | PFLT | PennantPark Floating Rate Capital Ltd. | 16.5% | $0.96 | Quarterly | $7.25 |
| 2 | CGBD | Carlyle Secured Lending, Inc. | 14.8% | $1.42 | Quarterly | $10.45 |
| 3 | BXSL | Blackstone Secured Lending Fund | 12.9% | $2.62 | Quarterly | $23.82 |
| 4 | OCSL | Oaktree Specialty Lending Corporation | 12.7% | $1.21 | Quarterly | $12.15 |
| 5 | MSDL | Morgan Stanley Direct Lending Fund | 12.3% | $1.81 | Quarterly | $15.46 |
What to Look for in a Industrials BDC
When evaluating industrials-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.