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TCPC vs SHLX: Dividend Comparison 2026

TCPC yields 28.25% · SHLX yields 60.75%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 TCPC wins by $17.0K in total portfolio value· pulled ahead in Year 3
10 years
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 →
SHLX
SHLX
● Live price
60.75%
Share price
$15.82
Annual div
$9.61
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$32.1K
Annual income
$9.66
Full SHLX calculator →

Portfolio growth — TCPC vs SHLX

📍 TCPC pulled ahead of the other in Year 3

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 PeriodTCPCSHLX
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%.
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Dividend Calendar Overlap

Combined, TCPC + SHLX cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
TCPC pays
SHLX pays
Both pay
Neither
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Tax Bracket Optimizer

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

TCPC
Annual income on $10K today (after 15% tax)
$2,401.13/yr
After 10yr DRIP, annual income (after tax)
$1,119.99/yr
SHLX
Annual income on $10K today (after 15% tax)
$5,163.96/yr
After 10yr DRIP, annual income (after tax)
$8.21/yr
At 15% tax rate, TCPC beats the other by $1,111.78/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TCPC: 50%SHLX: 50%
100% SHLX50/50100% TCPC
Portfolio after 10yr
$40.5K
Annual income
$663.65/yr
Blended yield
1.64%
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Analyst Conviction Gap

Where Wall Street is most bullish on TCPC right now

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
SHLX
Analyst Ratings
4
Buy
7
Hold
4
Sell
Consensus: Hold
Price Target
$16.00
+1.1% upside vs current
Range: $16.00 — $16.00
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)

TCPC buys
0
SHLX buys
0
No recent congressional trades found for TCPC or SHLX in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTCPCSHLX
Forward yield28.25%60.75%
Annual dividend / share$1.00$9.61
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-15.2%-50%
Portfolio after 10y$49.0K$32.1K
Annual income after 10y$1,317.64$9.66
Total dividends collected$20.5K$7.3K
Payment frequencyquarterlyquarterly
SectorBDCStock
Analyst consensusHoldHold
Analyst price target$8.00$16.00

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

YearTCPC PortfolioTCPC Income/yrSHLX PortfolioSHLX Income/yrGap
1$13,095$2,395.48$13,738$3,037.63$643.00SHLX
2$16,498$2,486.14$16,649$1,949.99$151.00SHLX
3← crossover$20,135$2,482.31$18,919$1,104.34+$1.2KTCPC
4$23,946$2,400.99$20,830$586.40+$3.1KTCPC
5$27,885$2,262.94$22,590$301.69+$5.3KTCPC
6$31,926$2,088.46$24,324$152.89+$7.6KTCPC
7$36,055$1,894.98$26,103$76.93+$10.0KTCPC
8$40,275$1,696.08$27,969$38.58+$12.3KTCPC
9$44,596$1,501.51$29,946$19.32+$14.7KTCPC
10$49,035$1,317.64$32,052$9.66+$17.0KTCPC

TCPC vs SHLX: Complete Analysis 2026

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 →

SHLXStock

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was incorporated in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Pipeline Company LP.

Full SHLX 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.