Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shares Set to Pay Quarterly Dividend of $0.42

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Monday, November 9th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.42 per share on Tuesday, December 29th. This represents a $1.68 annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

Bain Capital Specialty Finance has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 4 years. Bain Capital Specialty Finance has a dividend payout ratio of 101.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Bain Capital Specialty Finance to earn $1.40 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 120.0%.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $10.98 on Tuesday. The firm’s 50 day moving average is $10.98 and its 200 day moving average is $12.38. The stock has a market capitalization of $712.14 million, a P/E ratio of 11.09 and a beta of 0.59. Bain Capital Specialty Finance has a 12 month low of $9.99 and a 12 month high of $14.70. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Monday, November 9th. The company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. The business had revenue of $39.71 million during the quarter, compared to analyst estimates of $61.03 million. On average, sell-side analysts anticipate that Bain Capital Specialty Finance will post 1.64 earnings per share for the current year.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.