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Want $2000 in Passive Income? Invest $2500 in These 6 BDCs
24/7 Wall Street· 2024-02-18 14:30
Core Viewpoint - The article emphasizes the potential of generating passive income through investments in business development companies (BDCs) that offer substantial dividends, highlighting six specific BDC stocks that can collectively yield over $2,000 annually from a $15,000 investment [2][21]. Summary by Company - **Barings BDC Inc. (NYSE: BBDC)** - Investment of $2,500 yields an annual passive income of $295.00 with a dividend yield of 11.8% - Focuses on private middle-market companies across various industries including manufacturing, technology, and consumer services [4]. - **BlackRock TCP Capital Corp. (NASDAQ: TCPC)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Invests in diverse sectors such as communication services, healthcare, and biotechnology [7]. - **Fidus Investment Corp. (NASDAQ: FDUS)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Specializes in sectors like aerospace, healthcare, and IT services, with a consistent increase in dividends since September 2022 [10]. - **Runway Growth Finance Corp. (NASDAQ: RWAY)** - Investment of $2,500 yields an annual passive income of $335.00 with a dividend yield of 13.4% - Primarily invests in technology and life sciences sectors, maintaining dividends since its IPO in 2021 [13]. - **Saratoga Investment Corp. (NYSE: SAR)** - Investment of $2,500 yields an annual passive income of $312.50 with a dividend yield of 12.5% - Focuses on leveraged buyouts and growth financings across various industries, with dividends increasing since summer 2022 [16]. - **Trinity Capital Inc. (NASDAQ: TRIN)** - Investment of $2,500 yields an annual passive income of $360.00 with a dividend yield of 13.4% - Specializes in venture debt for growth-stage companies and has seen variable dividends since its IPO [19]. Total Investment Summary - A total investment of $15,000 across these six BDC stocks can generate an annual passive income of $2,072.50 [22].
CEO Slashes Napco Security Technologies Stake
24/7 Wall Street· 2024-02-14 13:10
Core Insights - The CEO of Napco Security Technologies, Richard Soloway, has significantly reduced his stake in the company, selling over 3.5 million shares, which is nearly 49.14% of his holdings [6][4]. - Despite the CEO's sell-off, the company's stock has shown resilience, recovering from a rough patch and reaching an all-time high above $46 per share [6][4]. Company Overview - Napco Security Technologies develops, manufactures, and sells electronic security products, including access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems [3]. - The company serves various sectors, including commercial, residential, institutional, industrial, and governmental applications, and markets its products through independent distributors and dealers [3]. - Founded in 1969 and headquartered in Amityville, New York, Napco Security has a market capitalization of over $1.6 billion and reported revenues of nearly $172.2 million [3]. Stock Performance - The stock price has increased approximately 42% over the past year, outperforming the S&P 500, which is up around 22% in the same period [3]. - Year-to-date, the shares have risen more than 31% [3]. Insider Trading Activity - Soloway's current ownership stands at nearly 3.7 million shares, valued at over $127.6 million, reflecting a reduction of almost 40% in value from his previous stake [6]. - The CFO, Kevin Buchel, holds about 0.3% of shares outstanding, worth nearly $4.1 million, indicating some level of insider investment remains [6].