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

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.26 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Barings Bdc has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive 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. Equities research analysts expect Barings Bdc to earn $0.92 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 113.0%.

Barings Bdc Price Performance

NYSE:BBDC opened at $8.91 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.83. The firm has a market cap of $932.76 million, a P/E ratio of 9.21 and a beta of 0.61. Barings Bdc has a 12 month low of $7.96 and a 12 month high of $9.92.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $54.66 million during the quarter, compared to analyst estimates of $62.54 million. Barings Bdc had a return on equity of 10.05% and a net margin of 36.50%.During the same period in the prior year, the business earned $0.25 earnings per share. On average, analysts expect that Barings Bdc will post 0.97 earnings per share for the current fiscal year.

Barings Bdc Company Profile

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).