First Eagle Alternative Capital BDC, Inc.

NasdaqGS:FCRD Stock Report

Market Cap: US$135.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

First Eagle Alternative Capital BDC Dividends and Buybacks

Dividend criteria checks 3/6

First Eagle Alternative Capital BDC is a dividend paying company with a current yield of 6.17%.

Key information

6.2%

Dividend yield

0.5%

Buyback Yield

Total Shareholder Yield6.7%
Future Dividend Yield7.9%
Dividend Growth-19.5%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio-32%

Recent dividend and buyback updates

Recent updates

Seeking Alpha • Oct 04

Crescent Capital to acquire First Eagle Alternative Capital

Crescent Capital BDC (NASDAQ:CCAP) will acquire First Eagle Alternative Capital BDC (NASDAQ:FCRD) in a stock and cash transaction. The transaction represents total consideration for First Eagle stockholders of ~$145.6M or $4.86 per share, representing a 66% premium to the closing stock price of First Eagle on Oct. 3. Post the transaction, Crescent and First Eagle stockholders are expected to own ~83% and 17%, respectively. The combined entity is expected to have ~$1.6B of investments on a pro forma basis. The boards of both the companies have approved the transaction. The acquisition is expected to close as early as Q4. Additionally, Sun Life, which owns a majority interest in Crescent, will purchase $20M of the combined company's common stock via a share purchase program over time following the consummation of the transaction. First Eagle's 5.00% senior unsecured notes due May 25, 2026, will be assumed by a subsidiary of Crescent. FCRD shares were trading +0.68% pre-market. Source: Press Release
Seeking Alpha • Aug 09

First Eagle Alternative Capital raises dividend by 10%

First Eagle Alternative Capital (NASDAQ:FCRD) declares $0.11/share quarterly dividend, 10% increase from prior dividend of $0.10. Forward yield 13.21% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See FCRD Dividend Scorecard, Yield Chart, & Dividend Growth.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: FCRD's dividend payments have been volatile in the past 10 years.

Growing Dividend: FCRD's dividend payments have fallen over the past 10 years.

Dividend Yield vs Market

First Eagle Alternative Capital BDC Dividend Yield vs Market
How does FCRD dividend yield compare to the market?
SegmentDividend Yield
Company (FCRD)6.2%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.1%
Industry Average (Capital Markets)2.1%
Analyst forecast (FCRD) (up to 3 years)7.9%

Notable Dividend: FCRD's dividend (6.17%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: FCRD's dividend (6.17%) is in the top 25% of dividend payers in the US market (4.32%)

Earnings Payout to Shareholders

Earnings Coverage: FCRD is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.7%), FCRD's dividend payments are well covered by cash flows.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/03/12 07:13
End of Day Share Price 2023/03/09 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Eagle Alternative Capital BDC, Inc. is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Mitchel PennBrean Capital Historical (Janney Montgomery)
Donald FandettiCitigroup Inc