Group 1 - The article discusses the ongoing bottom-picking efforts in the Business Development Company (BDC) sector, highlighting a new investment pick [1] - The focus is on identifying mispriced investments in fixed-income and closed-end funds, utilizing straightforward financial logic [1] - The investing group "Trade With Beta," led by Denislav Iliev, offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1]

Group 1 - The article discusses the ongoing bottom-picking efforts in the Business Development Company (BDC) sector, indicating a focus on identifying undervalued investments [1] - The service "Trade With Beta" is led by Denislav Iliev, who has over 15 years of day trading experience and manages a team of 40 analysts [1] - The features of the service include frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1]

Core Insights - The new chief executive of Remy Cointreau anticipates a return to growth in the second half of the fiscal year after implementing cost-cutting measures that mitigated a profit decline in the first half [1] Financial Performance - The company experienced a profit drop in the first half, but the specific percentage or amount of the decline was not detailed in the provided content [1] Strategic Outlook - The chief executive outlined plans for the company to regain growth momentum, indicating a positive outlook for the second half of the fiscal year [1]

Core Insights - Business development companies (BDCs) are currently facing challenges, but there are resilient options available in the sector, with Barings BDC (BBDC) identified as a strong choice [1] Group 1: Investment Strategy - The investment approach combines classic dividend growth stocks with BDCs, REITs, and Closed-End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] - A hybrid system is created that balances growth and income, allowing for total returns that align with the S&P [1]

Core Insights - Business development companies (BDCs) are currently facing challenges, but there are resilient options available in the sector, with Barings BDC (BBDC) identified as a strong choice for investors [1]. Investment Strategy - A hybrid investment strategy combining classic dividend growth stocks with BDCs, REITs, and Closed-End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1].

Core Insights - The article promotes a platform called "Dividend Dogcatcher" which focuses on identifying dividend-paying stocks, particularly those considered undervalued or "underdogs" [1] Group 1 - The platform offers a free two-week trial for new subscribers, allowing potential investors to explore its features and insights [1] - A live video series titled "Underdog Daily Dividend Show" is hosted on Facebook, where a portfolio candidate is highlighted each trading day [1] - The article encourages audience engagement by inviting comments on favorite or curious stock tickers for potential inclusion in future reports [1]

Core Insights - Barings BDC, Inc. (NYSE:BBDC) is recognized as one of the 15 Extreme Dividend Stocks to buy according to hedge funds [1] - Keefe Bruyette & Woods has slightly reduced its price target for Barings BDC from $10 to $9.50 while maintaining a Market Perform rating [2] - The company reported strong third-quarter 2025 results, with total investment income of $72.4 million and net investment income of $33.6 million, equating to $0.32 per share [3] - Barings BDC's net assets from operations increased by $23.6 million, or $0.22 per share [3] - The Executive Chairman and CEO Eric Lloyd emphasized the strong net investment income and credit performance, with Barings-originated investments constituting about 95% of the portfolio's fair value [4] - A quarterly dividend of $0.26 per share was announced by the company [4] - Barings BDC focuses on providing financing solutions to privately held, middle-market businesses for acquisitions, growth initiatives, and refinancing needs [4]

Core Insights - The article discusses extreme dividend stocks, focusing on high-yield and dividend growth categories, highlighting the potential risks and benefits associated with high dividend yields [2][4]. Dividend Stock Categories - Dividend-focused indices are categorized into dividend growth and high yield, with high-yield stocks attracting income-seeking investors but facing reinvestment challenges [2]. - S&P 500 Dividend Aristocrats, which have increased dividends for at least 25 consecutive years, show steady growth in payouts even during market downturns, offering stronger yield-on-cost over time [3]. Performance of High Yield Dividend Stocks - The S&P Sector-Neutral High Yield Dividend Aristocrats (HYDA) index balances dividend growth with higher yields, achieving better risk-adjusted returns and reducing maximum drawdown by about 5% from January 2005 to July 2023 [4]. Methodology for Stock Selection - The stock screener selected dividend stocks with yields between 6% and 14% as of November 11, focusing on companies with stable dividend histories, although many have inconsistent records due to high yields [6]. - The final list includes companies favored by hedge fund investors, ranked in ascending order based on popularity [6][7]. Company Highlights - **Sunoco LP (NYSE:SUN)**: - Dividend yield of 7.34% as of November 11, with a recent $9 billion acquisition of Parkland Corporation, creating the largest independent fuel distributor in the Americas [9][10]. - Reported Q3 2025 revenue of $6.03 billion, a nearly 5% increase year-over-year, and raised its quarterly distribution by 1.25% [11][12]. - **Western Midstream Partners, LP (NYSE:WES)**: - Dividend yield of 9.18% as of November 11, with a recent price target increase from $41 to $43 by Stifel [13][14]. - Q3 2025 results exceeded expectations, with a projected adjusted EBITDA range of $2.35 billion to $2.55 billion for 2025, including contributions from the Aris acquisition [15][16]. - **Barings BDC, Inc. (NYSE:BBDC)**: - Dividend yield of 11.66% as of November 11, with a recent price target cut to $9.50 while maintaining a Market Perform rating [17]. - Reported total investment income of $72.4 million and net investment income of $33.6 million for Q3 2025, with a quarterly dividend of $0.26 per share [18][19].

Financial Data and Key Metrics Changes - For the third quarter, the net asset value (NAV) per share was $11.10, reflecting a 0.7% decrease quarter over quarter [19] - Net investment income (NII) for the quarter was $0.32 per share, an increase from $0.28 per share in the previous quarter [21][24] - The net leverage ratio was 1.26 times at quarter end, down from 1.29 times as of June 30 [22] Business Line Data and Key Metrics Changes - Barings-originated positions now constitute 95% of the BBDC portfolio at fair value, up from 76% at the beginning of 2022 [8] - The weighted average yield at fair value was 9.9%, showing a slight reduction from the prior quarter due to lower base rates [9] - Interest coverage within the portfolio was 2.4 times, above industry averages and consistent with the prior quarter [16] Market Data and Key Metrics Changes - The private credit ecosystem has seen meaningful growth over the past decade, with increased activity across all market segments [10][13] - The competition for new assets remains aggressive, but the core middle market is experiencing less pressure compared to other segments [14] Company Strategy and Development Direction - The company focuses on core middle-market strategies, emphasizing sectors that perform resiliently across economic environments [7][10] - The leadership transition to Tom McDonald as the new CEO is expected to provide continuity and build on the existing foundation [4][5] Management's Comments on Operating Environment and Future Outlook - Management anticipates a moderate increase in deployment opportunities, benefiting from incumbency and deep private equity coverage [15] - The company remains confident in its credit quality and expects positive outcomes in the coming quarters [18] Other Important Information - The board declared a fourth-quarter dividend of $0.26 per share, consistent with the prior quarter, representing a 9.4% yield on NAV [9][24] - The company has spillover income of $0.65 per share, equating to more than two quarters of the regular dividend [25] Q&A Session Summary Question: Expectations on repayment activity with recent Fed cuts - Management noted that a significant portion of repayments is from sales to their joint venture and anticipates a moderate uptick in repayment velocity towards year-end [28][29] Question: Plans for share buybacks given stock trading at a discount - Management stated that share buybacks are consistently evaluated and there may be activity in the coming quarters [30]

Group 1 - The article discusses the importance of enabling Javascript and cookies in browsers to avoid access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1]