Technology Sector BDCs
22 publicly traded Business Development Companies with material exposure to the Technology sector, ranked by live forward dividend yield.
Last updated: 09/04/2026
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Dividend Rankings for Technology 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 | HRZN | Horizon Technology Finance Corporation | 22.9% | $0.71 | Monthly | $4.84 |
| 3 | GECC | Great Elm Capital Corp. | 21.5% | $1.03 | Quarterly | $6 |
| 4 | SAR | Saratoga Investment Corp. | 18.4% | $3 | Quarterly | $17.64 |
| 5 | TPVG | TriplePoint Venture Growth BDC Corp. | 18% | $0.94 | Quarterly | $5.23 |
| 6 | CCAP | Crescent Capital BDC, Inc. | 16% | $1.34 | Quarterly | $10.37 |
| 7 | BCSF | Bain Capital Specialty Finance, Inc. | 16% | $1.68 | Quarterly | $11.82 |
| 8 | CION | CION Investment Corporation | 15.8% | $1.21 | Quarterly | $7.34 |
| 9 | GSBD | Goldman Sachs BDC, Inc. | 15.4% | $1.29 | Quarterly | $9.98 |
| 10 | MFIC | MidCap Financial Investment Corporation | 14.4% | $1.25 | Quarterly | $9.62 |
| 11 | NCDL | Nuveen Churchill Direct Lending Corp. | 13.4% | $1.43 | Quarterly | $12.52 |
| 12 | CGBD | Carlyle Secured Lending, Inc. | 13.3% | $1.42 | Quarterly | $11.69 |
| 13 | TRIN | Trinity Capital Inc. | 13.1% | $2.04 | Monthly | $18.22 |
| 14 | OBDC | Blue Owl Capital Corporation | 12.6% | $1.44 | Quarterly | $11.4 |
| 15 | BXSL | Blackstone Secured Lending Fund | 12.5% | $2.62 | Quarterly | $24.72 |
| 16 | MSDL | Morgan Stanley Direct Lending Fund | 12.5% | $1.81 | Quarterly | $15.25 |
| 17 | SLRC | SLR Investment Corp. | 12.3% | $1.45 | Quarterly | $12.57 |
| 18 | OCSL | Oaktree Specialty Lending Corporation | 11.8% | $1.21 | Quarterly | $13.06 |
| 19 | GBDC | Golub Capital BDC, Inc. | 11.1% | $1.4 | Quarterly | $13 |
| 20 | HTGC | Hercules Capital, Inc. | 10.7% | $1.86 | Quarterly | $17.63 |
| 21 | TSLX | Sixth Street Specialty Lending, Inc. | 10% | $2.01 | Quarterly | $18.38 |
| 22 | ARCC | Ares Capital Corporation | 9.6% | $1.92 | Quarterly | $20.04 |
How to Evaluate Technology BDCs
When evaluating technology-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.