Is TCPC a Friend, Question Mark or Foe?

TCPC is classified a Foe under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the TCPC distribution?

A Foe is an income asset whose long-term distributions have historically outrun its economic total return, or whose distribution or working capital has eroded over time. It describes a weak historical income-quality record — it is not a prediction or a recommendation to sell.

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Public snapshot

TCPC Income Quality Score

Name: TCPC Income Quality Score
Creator: Income Quality Score
Keywords: TCPC income quality, TCPC dividend quality, TCPC dividend safety, TCPC distribution history, TCPC dividend score, TCPC analysis, BlackRock TCP Capital Corp. dividend

BlackRock TCP Capital Corp. (TCPC) has an Income Quality Score of 25/100, classified as a Foe with high confidence, based on a 10-year income and total-return history.

BlackRock TCP Capital Corp. (TCPC) is a business development company (BDC) and is part of the IQ Score universe.

July 2026 snapshotAs of July 7, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 7 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

25/100

FoeHigh confidence

Asset Type

BDC

Exchange

NASDAQ

Trailing Yield (TTM)

26.2%

Rank in BDC Universe

44 of 45

Lookback

10-year

Data as of

July 7, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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IQ Signal Scores

7 quality, distribution and risk signals combined into the overall IQ Score.

Economic Payout Coverage

9/100

Distribution Cut Score

70/100

Distribution Trend

15/100

Total Return

13/100

Max Drawdown

0/100

Volatility

42/100

Yield Consistency

93/100

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IQ Score History

IQ Score trajectory since 2023

TCPC's IQ Score has 69 recorded points from 2023-05-31 to 2026-07-07, most recently 24, ranging between 24 and 59 over the period. Over that window TCPC recorded 3 classification changes. The chart above plots the score against the methodology's Friend and Foe thresholds and overlays a base-100 normalised price line for capital-preservation context.

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TCPC distribution history & safety

Across 11 years of distribution data (2015–2025), TCPC recorded 3 annual increases and 1 distribution cut. Distribution stability is a core IQ Score signal — a long record free of cuts supports a stronger classification, while repeated cuts weaken it. Per-year figures are shown in the panel above.

Annual increases

2015–2025

Distribution cuts

2015–2025

Years of data

2015–2025

26.2%

Trailing yield (TTM)

As of snapshot

Variable

Distribution trend

Over available history

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.