Is Hormuz Open Yet?

https://www.ishormuzopenyet.com/

#HackerNews #Hormuz #Open #Shipping #News #Maritime #Trade #Global #Economy #Middle #East

An interactive map of Tolkien's Middle-earth

https://middle-earth-interactive-map.web.app/

#HackerNews #Tolkien #Middle-earth #Interactive #Map #Fantasy #Literature #Cartography

Yahoo Finance | Capital Southwest Offers 10.6% Income and One Very Finite Safety Net

Capital Southwest Offers 10.6% Income and One Very Finite Safety Net

Capital Southwest (CSWC) — 10.6% dividend yield fueled by 95% floating-rate loan portfolio at interest rate risk. Capital Southwest’s regular monthly dividend is adequately covered by net investment income at 104%, but supplemental dividends rely on a finite $1.02 per share buffer. Further rate cuts would squeeze total dividend coverage, while rising non-accruals across portfolio warrant monitoring for credit deterioration.

Capital Southwest is an internally managed BDC that lends to middle-market businesses and passes interest income through to shareholders. It borrows at lower rates, lends at higher rates, and the spread becomes the dividend. The company's $2.01 billion investment portfolio spans 132 portfolio companies, with 99% concentrated in first lien senior secured debt, placing CSWC at the top of the repayment waterfall if a borrower runs into trouble. The dividend has two components. The base is a monthly regular dividend of $0.1934 per share, which CSWC transitioned to from quarterly payments in mid-2025. On top of that, the company pays a quarterly supplemental dividend of $0.06 per share, bringing the total quarterly payout to $0.64 per share. These two pieces carry very different levels of safety. The regular dividend is funded by net investment income (NII), the interest CSWC collects from borrowers minus operating expenses. Over the past four quarters, pre-tax NII per share came in at $0.60, $0.61, $0.59, and $0.61 (adjusted). The regular quarterly dividend equivalent is roughly $0.58, so NII covers the base payout with a slim margin. The LTM regular dividend coverage stands at 104%, adequate but not comfortable. The supplemental $0.06 per quarter is a different story. NII does not fully cover the total $0.64 quarterly payout, leaving a recurring shortfall of roughly $0.04 to $0.05 per share each quarter. That gap is filled by the undistributed taxable income (UTI) buffer, a reservoir of past earnings and realized gains. The UTI balance sits at $1.02 per share, providing roughly 17 quarters of supplemental dividend coverage. Management has stated its intent to continue supplemental dividends "for the foreseeable future." That is a real cushion, but it is finite.

Read more: https://finance.yahoo.com/markets/stocks/articles/capital-southwest-offers-10-6-163824737.html

#cswc #fed #bdc #fy26 #middle-market

The Z#elda Movie is Heading to #Middle-earth, and Honestly? We're Here For It

https://www.nineinchsandwich.com/2026/04/05/the-legend-of-zelda-movie-is-filming-at-a-key-location-from-lord-of-the-rings-trilogy/?utm_source=mastodon&utm_medium=jetpack_social

Another India-bound LPG tanker crosses Hormuz amid Middle east tensions, boosts supply hopes #IndiaboundLPG #Hormuz #Middle #socialnewsxyz

https://www.socialnews.xyz/2026/04/04/another-india-bound-lpg-tanker-crosses-hormuz-amid-middle-east-tensions-boosts-supply-hopes/

#IRGC Declares #Middle #Eastern Bridges 'Legitimate Targets' After #US #Israeli Airstrike

https://www.patreon.com/posts/irgc-declares-us-154644132

Title: 'Damage is immense': Even if #Trump pulls out of #Iran' tomorrow.

Yes
Trump (USA) has lost the #Middle #East
and with it the 'petrodollars'
and with this condemned the #US economy to a 'niche' economy
and Trump (US) has lost military logistics in the Middle East
and given Iran an unexpected victory.
These are the consequences of having put an idiot in 'command'.