NEW YORK, June 5, 2026, 05:09 EDT
- Chicago Atlantic BDC ended Thursday at $9.86, gaining 0.41%. Shares stayed well under the net asset value from the end of March.
- The next key date for the company is June 26, when shareholders of record become eligible for the 34-cent quarterly dividend.
- Nasdaq’s regular hours are set to start at 9:30 a.m. ET. June 5 is not a holiday on U.S. exchanges.
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.
The stock last closed roughly 26% under book value. Chicago Atlantic reported its net asset value, or NAV, came in at $13.33 as of March 31. That’s assets minus liabilities, per share. Thursday’s finish was well below that mark.
No trades in New York yet. Nasdaq’s regular hours are 9:30 a.m. to 4 p.m. ET, according to its website, with the next scheduled day off set for Juneteenth on June 19, not June 5.
Chicago Atlantic hasn’t posted anything new on its investor page since results and its dividend landed May 14, so those filings are driving the short-term view. First-quarter net investment income came in at $10.0 million, or 44 cents per share, ahead of the 34-cent dividend. The company disclosed a $364.0 million portfolio across 40 companies, and reported no loans on non-accrual.
LIEN CEO Peter Sack said in the May release the company had “delivered record results this quarter” and was still “conservative in our strategic execution.” He linked the credit outlook to the federal action on medical cannabis, adding the shift could improve borrower credit quality eventually. GlobeNewswire
Policy is still shifting. In April, the Justice Department put FDA-approved cannabis and state-licensed medical marijuana on Schedule III and said the DEA plans a new hearing starting June 29 about broader rescheduling. Reuters Legal reported the order stops short of legalizing cannabis at the federal level. The clash between state and federal law isn’t fully settled.
Cannabis credit and business-development lenders showed better action at the last quote. Chicago Atlantic Real Estate Finance added roughly 2.1%. Advanced Flower Capital picked up around 5.5%. VanEck BDC Income ETF gained about 2.3%, doing more than LIEN in the regular session.
Dow finished at an all-time high Thursday and S&P 500 added 0.41%, but tech stocks lost ground as the Nasdaq fell 0.09% when a selloff in chips led by Broadcom hit the group. Early Friday, Nasdaq futures were off 1.2% and S&P 500 futures slipped 0.6%, according to Reuters, after global stocks moved into a cautious stance ahead of U.S. payroll data.
The trade isn’t without risk. Legal moves against cannabis rescheduling, softer cannabis demand, wider private-credit spreads or a borrower default could hit NAV and put pressure on dividend coverage. The company’s $500 million shelf registration in May leaves the door open to changes in the balance sheet or share count, depending on how the capital gets raised and used.
