Top Manufacturing BDCs
10 publicly traded Business Development Companies with material exposure to the Manufacturing 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.
Manufacturing BDC Dividend Rankings
| Rank | Ticker | Name | Dividend Yield | Annual/Share | Frequency | Stock Price |
|---|---|---|---|---|---|---|
| 1 | PNNT | PennantPark Investment Corporation | 28.7% | $0.48 | Quarterly | $3.35 |
| 2 | GECC | Great Elm Capital Corp. | 24.2% | $1.03 | Quarterly | $5.34 |
| 3 | SCM | Stellus Capital Investment Corporation | 19.4% | $1.36 | Monthly | $7.61 |
| 4 | SAR | Saratoga Investment Corp. | 16.6% | $3 | Quarterly | $19.61 |
| 5 | NCDL | Nuveen Churchill Direct Lending Corp. | 13.2% | $1.43 | Quarterly | $12.69 |
| 6 | BBDC | Barings BDC, Inc. | 12.8% | $1.05 | Quarterly | $8.5 |
| 7 | FDUS | Fidus Investment Corporation | 10.9% | $1.93 | Quarterly | $20.36 |
| 8 | CSWC | Capital Southwest Corporation | 10.5% | $1.99 | Quarterly | $24.3 |
| 9 | GLAD | Gladstone Capital Corporation | 9.8% | $1.8 | Monthly | $19.91 |
| 10 | GAIN | Gladstone Investment Corporation | 5.8% | $1.09 | Monthly | $16.54 |
What to Look for in a Manufacturing BDC
When evaluating manufacturing-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.