BCP Investment Corporation Declares $0.32 Quarterly Dividend, Shifts to Monthly Payments
BCP Investment Corporation (NASDAQ: BCIC) declared a $0.32 per share quarterly dividend for Q1 2026. The business development company will transition to monthly distributions of $0.09 per share starting in April.
BCP Investment Corporation (NASDAQ: BCIC), a business development company managed by BC Partners Credit, declared a quarterly base distribution of $0.32 per share for the first quarter of 2026. The dividend will be paid March 27, 2026 to shareholders of record as of March 16, 2026. Read more dividend announcements.
The New York-based company also announced a shift from quarterly to monthly distributions beginning in April 2026. The new monthly base distribution will be $0.09 per share, representing an annualized rate of $1.08 compared to the quarterly schedule's $1.28 annualized rate based on the current payment.
The board approved the distribution schedule change on March 4, 2026. Under the new structure, the company will pay regular monthly base distributions with the potential for quarterly supplemental distributions equal to approximately 50% of net investment income exceeding the base payments.
| Distribution Details | Q1 2026 Quarterly | April 2026 | May 2026 | June 2026 |
|---|---|---|---|---|
| Amount Per Share | $0.32 | $0.09 | $0.09 | $0.09 |
| Record Date | March 16, 2026 | April 15, 2026 | May 15, 2026 | June 15, 2026 |
| Payment Date | March 27, 2026 | April 30, 2026 | May 29, 2026 | June 30, 2026 |
2025 Performance Context
BCP Investment Corporation paid total distributions of $1.97 per share in 2025, a year the company described as transformational. The company completed a merger with Logan Ridge Finance Corporation in July 2025 and rebranded from its former name in August 2025.
The company issued $110 million in unsecured notes during 2025, including $75 million of 7.75% notes due 2030 and $35 million of 7.50% notes due 2028. In October 2025, BCP Investment obtained a BBB- rating from a nationally recognized statistical rating organization for its convertible and fixed-rate notes.
As of December 31, 2025, the company had $312.3 million in total debt outstanding with a weighted average interest rate of 6.90%. The financing structure included $200 million in committed revolving credit facilities and $175 million in fixed-rate notes.
The board also authorized a renewed stock repurchase program of up to $10 million on March 4, 2026, effective through March 31, 2027. Chief Executive Officer Ted Goldthorpe said the merger, rebranding, and capital management initiatives were designed to enhance shareholder value and position the company for growth.