BDC Sector Weekly Update: March 7, 2022
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Update Summary
BDCs are finished reporting results with average dividend coverage of 115% for Q4 (compared to 107% for Q3) driving dividend increases and/or higher supplementals for many.
Pre-markets are volatile, strong economic data last week, 25 bps increase next week likely followed by 50 bps for subsequent meetings. Good news for BDCs driving them to…