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

Barings Bdc, Inc. (NYSE:BBDC) declared a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.26 per share on Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Wednesday, March 4th.

Barings Bdc has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Barings Bdc has a payout ratio of 105.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Barings Bdc Stock Up 1.8%

Barings Bdc stock traded up $0.16 during mid-day trading on Friday, reaching $9.24. The company’s stock had a trading volume of 235,357 shares, compared to its average volume of 643,110. The company has a market capitalization of $971.68 million, a price-to-earnings ratio of 9.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.10. The business’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $9.09. Barings Bdc has a 12 month low of $7.66 and a 12 month high of $10.85.

Barings Bdc (NYSE:BBDC) last announced its earnings results on Thursday, February 19th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $65.28 million during the quarter, compared to the consensus estimate of $67.66 million. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, research analysts anticipate that Barings Bdc will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Barings Bdc

Institutional investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC grew its position in shares of Barings Bdc by 3.4% in the 2nd quarter. CreativeOne Wealth LLC now owns 34,696 shares of the company’s stock worth $317,000 after buying an additional 1,129 shares during the period. Cobblestone Capital Advisors LLC NY grew its position in Barings Bdc by 8.0% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 15,464 shares of the company’s stock worth $135,000 after purchasing an additional 1,149 shares during the period. Sound Income Strategies LLC boosted its position in Barings Bdc by 9.6% in the third quarter. Sound Income Strategies LLC now owns 13,985 shares of the company’s stock worth $118,000 after purchasing an additional 1,228 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Barings Bdc by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock valued at $1,369,000 after buying an additional 1,228 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. raised its stake in shares of Barings Bdc by 7.4% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 19,761 shares of the company’s stock worth $181,000 after buying an additional 1,369 shares during the period. 44.09% of the stock is owned by institutional investors.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).