With an annual dividend yield of 25.47%, Runway Growth Finance Corp. (NASDAQ:RWAY) is included among the Top 10 Dividend Stocks with 10%+ Yield.
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On June 15, BofA downgraded Runway Growth Finance Corp. (NASDAQ:RWAY) to Underperform from Neutral. It lowered its price target on the stock to $5.50 from $9. The analyst said the company’s first-quarter results highlighted continued pressure on earnings, rising non-accruals, and a decline in net asset value per share. BofA expects profitability to remain under pressure, leading to further erosion in NAV per share and “another dividend reset.” The analyst also noted that concentration risk worsened the impact of negative credit migration. While better sourcing and greater diversification should help reduce that risk over time, the firm believes it will take time for those improvements to fully materialize.
During the company’s Q1 2026 earnings call, CFO and COO Thomas Raterman said the company generated total investment income of $29.5 million and net investment income of $10.6 million during the first quarter. He also noted that the portfolio’s risk rating changed mainly because two loans, Marley Spoon and BlueShift, were moved to Category 5 and placed on nonaccrual status.
Runway Growth Finance Corp. (NASDAQ:RWAY) is a specialty finance company focused on providing senior secured loans to high-growth companies in technology, healthcare, business services, financial services, select consumer services and products, and other high-growth industries.
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Read More: Is Runway Growth Finance (RWAY) One of the Top 10 Dividend Stocks with 10%+
