HomeCompareNLOP vs TCPC

NLOP vs TCPC: Dividend Comparison 2026

NLOP yields 197.79% · TCPC yields 28.25%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 NLOP wins by $111.89M in total portfolio value
10 years
NLOP
NLOP
● Live price
197.79%
Share price
$11.30
Annual div
$22.35
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$111.94M
Annual income
$56,120,699.27
Full NLOP calculator →
TCPC
TCPC
● Live price
28.25%
Share price
$3.54
Annual div
$1.00
5Y div CAGR
-15.2%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$49.0K
Annual income
$1,317.64
Full TCPC calculator →

Portfolio growth — NLOP vs TCPC

📍 NLOP pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodNLOPTCPC
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
📅

Dividend Calendar Overlap

Combined, NLOP + TCPC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
NLOP pays
TCPC pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

NLOP
Annual income on $10K today (after 15% tax)
$16,811.95/yr
After 10yr DRIP, annual income (after tax)
$47,702,594.38/yr
TCPC
Annual income on $10K today (after 15% tax)
$2,401.13/yr
After 10yr DRIP, annual income (after tax)
$1,119.99/yr
At 15% tax rate, NLOP beats the other by $47,701,474.39/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of NLOP + TCPC for your $10,000?

NLOP: 50%TCPC: 50%
100% TCPC50/50100% NLOP
Portfolio after 10yr
$55.99M
Annual income
$28,061,008.46/yr
Blended yield
50.12%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on TCPC right now

NLOP
Analyst Ratings
1
Buy
Consensus: Buy
Price Target
$73.00
+546.0% upside vs current
Range: $73.00 — $73.00
Altman Z
-0.9
Piotroski
5/9
TCPC
Analyst Ratings
4
Buy
7
Hold
2
Sell
Consensus: Hold
Price Target
$8.00
+126.0% upside vs current
Range: $8.00 — $8.00
Altman Z
-1.0
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

NLOP buys
0
TCPC buys
0
No recent congressional trades found for NLOP or TCPC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricNLOPTCPC
Forward yield197.79%28.25%
Annual dividend / share$22.35$1.00
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%-15.2%
Portfolio after 10y$111.94M$49.0K
Annual income after 10y$56,120,699.27$1,317.64
Total dividends collected$105.42M$20.5K
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyHold
Analyst price target$73.00$8.00

Year-by-year: NLOP vs TCPC ($10,000, DRIP)

YearNLOP PortfolioNLOP Income/yrTCPC PortfolioTCPC Income/yrGap
1← crossover$30,479$19,778.76$13,095$2,395.48+$17.4KNLOP
2$88,952$56,339.45$16,498$2,486.14+$72.5KNLOP
3$248,847$153,668.87$20,135$2,482.31+$228.7KNLOP
4$668,039$401,772.81$23,946$2,400.99+$644.1KNLOP
5$1,722,815$1,008,012.72$27,885$2,262.94+$1.69MNLOP
6$4,272,922$2,429,510.56$31,926$2,088.46+$4.24MNLOP
7$10,203,492$5,631,465.45$36,055$1,894.98+$10.17MNLOP
8$23,485,601$12,567,864.41$40,275$1,696.08+$23.45MNLOP
9$52,164,853$27,035,259.74$44,596$1,501.51+$52.12MNLOP
10$111,937,092$56,120,699.27$49,035$1,317.64+$111.89MNLOP

NLOP vs TCPC: Complete Analysis 2026

NLOPStock

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

Full NLOP Calculator →

TCPCBDC

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

Full TCPC Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.