Chicago Atlantic BDC’s 13% Yield Draws Fresh Scrutiny Ahead of June Dividend
Chicago Atlantic BDC Inc. finished a bit higher Thursday, with shares sticking close to $10 as the market looked at the lender’s dividend yield while global sentiment stayed muted ahead of the U.S. jobs numbers. The Nasdaq stock settled at $9.86, up 0.41%. Chicago Atlantic BDC’s market cap stands at roughly $225 million. Chicago Atlantic set a 34-cent cash dividend for Q2, with a July 10 payment date for investors on the books by June 26. At Thursday’s close, the yield works out to about 13.8% annualized. The timing could matter for income investors.