BDCs Yielding Over 12%
All publicly traded BDCs with a forward dividend yield of 12% or higher. These ultra-high-yield BDCs offer maximum income potential but may carry elevated risk. Data compiled from SEC filings and company disclosures.
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.
Ultra-High-Yield BDC Rankings (12%+ Yield)
| Rank | Ticker | Name | Dividend Yield | Annual/Share | Frequency | Stock Price | NAV |
|---|---|---|---|---|---|---|---|
| 1 | OXSQ | Oxford Square Capital Corp. | 28.8% | $0.43 | Quarterly | $1.46 | $2.4 |
| 2 | PNNT | PennantPark Investment Corporation | 28.7% | $0.48 | Quarterly | $3.35 | $7.1 |
| 3 | HRZN | Horizon Technology Finance Corporation | 24.3% | $0.71 | Monthly | $4.66 | $8.9 |
| 4 | GECC | Great Elm Capital Corp. | 24.2% | $1.03 | Quarterly | $5.34 | $12.1 |
| 5 | CION | CION Investment Corporation | 23.2% | $1.21 | Quarterly | $6.11 | $14.8 |
| 6 | PSEC | Prospect Capital Corporation | 23.1% | $0.7 | Monthly | $2.25 | $6.85 |
| 7 | FSK | FS KKR Capital Corp. II | 21% | $1.71 | Quarterly | $10.93 | $12.3 |
| 8 | TPVG | TriplePoint Venture Growth BDC Corp. | 19.9% | $0.94 | Quarterly | $4.73 | $8.2 |
| 9 | SCM | Stellus Capital Investment Corporation | 19.4% | $1.36 | Monthly | $7.61 | $13.9 |
| 10 | GSBD | Goldman Sachs BDC, Inc. | 17.4% | $1.29 | Quarterly | $8.83 | $13.5 |
| 11 | NMFC | New Mountain Finance Corporation | 17% | $1.01 | Quarterly | $7.11 | $11.9 |
| 12 | SAR | Saratoga Investment Corp. | 16.6% | $3 | Quarterly | $19.61 | $28.1 |
| 13 | PFLT | PennantPark Floating Rate Capital Ltd. | 16.5% | $0.96 | Quarterly | $7.25 | $9.9 |
| 14 | CCAP | Crescent Capital BDC, Inc. | 15.2% | $1.34 | Quarterly | $11.05 | $19.3 |
| 15 | BCSF | Bain Capital Specialty Finance, Inc. | 14.9% | $1.68 | Quarterly | $12.69 | $16.5 |
| 16 | CGBD | Carlyle Secured Lending, Inc. | 14.8% | $1.42 | Quarterly | $10.45 | $16.2 |
| 17 | MFIC | MidCap Financial Investment Corporation | 14.1% | $1.25 | Quarterly | $9.78 | $15 |
| 18 | NCDL | Nuveen Churchill Direct Lending Corp. | 13.2% | $1.43 | Quarterly | $12.69 | $17.5 |
| 19 | OBDC | Blue Owl Capital Corporation | 13.1% | $1.44 | Quarterly | $10.99 | $14.85 |
| 20 | BXSL | Blackstone Secured Lending Fund | 12.9% | $2.62 | Quarterly | $23.82 | $30.45 |
| 21 | BBDC | Barings BDC, Inc. | 12.8% | $1.05 | Quarterly | $8.5 | $11.1 |
| 22 | OCSL | Oaktree Specialty Lending Corporation | 12.7% | $1.21 | Quarterly | $12.15 | $15.1 |
| 23 | TRIN | Trinity Capital Inc. | 12.4% | $2.04 | Monthly | $17.78 | $13.15 |
| 24 | MSDL | Morgan Stanley Direct Lending Fund | 12.3% | $1.81 | Quarterly | $15.46 | $19.8 |