Barings BDC, Inc. Announces Quarterly Dividend of $0.26 (NYSE:BBDC)

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Wednesday, June 5th will be paid a dividend of 0.26 per share on Wednesday, June 12th. This represents a $1.04 annualized dividend and a dividend yield of 10.70%. The ex-dividend date of this dividend is Wednesday, June 5th.

Barings BDC has increased its dividend by an average of 16.2% annually over the last three years and has raised its dividend every year for the last 2 years. Barings BDC has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Barings BDC to earn $1.17 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 88.9%.

Barings BDC Stock Performance

NYSE BBDC traded up $0.27 during trading hours on Thursday, reaching $9.72. The stock had a trading volume of 232,764 shares, compared to its average volume of 479,583. Barings BDC has a 52-week low of $7.17 and a 52-week high of $9.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $1.03 billion, a P/E ratio of 7.94 and a beta of 0.63. The stock has a fifty day moving average of $9.33 and a 200 day moving average of $9.07.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Saturday, May 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $69.81 million during the quarter, compared to analyst estimates of $72.38 million. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. During the same period last year, the firm earned $0.25 EPS. Sell-side analysts predict that Barings BDC will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price on shares of Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.