SLRCSLR Investment Corp.BDC
Yield
11.10%
$0.31/qtr × 4 ÷ $11.17 close Oct 23, 2026
Dividend
$0.31/qtr
Declared Aug 4, 2026, payable Sep 25, 2026
Payout (NII)
94%
Q2 2026: $0.31 vs $0.33 NII
Pays
Quarterly
NAV $18.00 at June 30, 2026
House verdict
Covered, barely — NAV drifting down. Q2 2026 net investment income of $0.33 a share covers the $0.31 distribution by $0.02. NAV slipped to $18.00 from $18.16 at March 31, 2026, and the specialty-finance pivot is still rebuilding earnings power — covered, with no room for a soft quarter.
Key risk: Earnings stagnation — originations now tilt to asset-based lending and equipment finance; if NII stays flat while NAV drifts, the distribution has no growth path.
Changes if: NII falls below $0.31, or NAV falls again quarter over quarter.
- !Coverage check: Q2 2026 NII of $0.33 a share against a $0.31 distribution — 94% payout, a $0.02 cushion.
- !Yield check: 11.10% indicated — $0.31/qtr × 4 at the $11.17 close on Oct. 23, 2026. The price trades at about 62% of the $18.00 NAV.
- !NAV check: NAV per share of $18.00 at June 30, 2026, down from $18.16 at March 31, 2026, on net income of $0.15 a share for the quarter against $0.33 of NII.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.