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A 10% Dividend Stock for a Tough Market

Triangle Capital Corporation (NASDAQ: TCAP ) - This private equity and venture capital firm specializes in buyouts, change of control transactions, acquisitions, growth financing, and recapitalizations in lower- to middle-market companies.

The stock rose from under $8 in March 2009 to over $16 in late April 2010.

On July 26, at $15, I said , "Since its April high, TCAP retreated back to its 200-day moving average , then rose to $13.50, and has been base-building since then.

"BB&T Capital Management has a 'No. 1 buy' on TCAP, and technically if it is able to break from a forming double-top at $16.50, the stock could move much higher.

"TCAP is supported by a dividend yield of 10.88%."

And on Sept. 7, I said , "The breakout has occurred and the target for TCAP is $18."

The stock is currently trading at $16.10 and the opinion is re-emphasized.

TCAP Stock Chart

Chart Key

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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