Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Declares $0.42 Quarterly Dividend

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.42 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Monday, June 15th.

Bain Capital Specialty Finance 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 4 years. Bain Capital Specialty Finance has a payout ratio of 101.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Bain Capital Specialty Finance to earn $1.51 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 111.3%.

Bain Capital Specialty Finance Trading Down 2.6%

Shares of Bain Capital Specialty Finance stock opened at $13.31 on Tuesday. Bain Capital Specialty Finance has a 12-month low of $11.82 and a 12-month high of $16.00. The company has a market cap of $863.48 million, a price-to-earnings ratio of 8.70 and a beta of 0.59. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $12.83 and its 200-day moving average price is $13.47.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Bain Capital Specialty Finance had a return on equity of 10.74% and a net margin of 36.14%.The firm had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $65.58 million. On average, equities analysts expect that Bain Capital Specialty Finance will post 1.63 earnings per share for the current fiscal year.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.