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

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.26 per share on Wednesday, December 11th. This represents a $1.04 annualized dividend and a yield of 10.16%. The ex-dividend date is Wednesday, December 4th.

Barings BDC has raised its dividend by an average of 16.2% annually over the last three years. Barings BDC has a payout ratio of 96.3% indicating that 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 $1.07 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 97.2%.

Barings BDC Trading Down 0.1 %

Shares of BBDC stock opened at $10.24 on Monday. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.48 and a beta of 0.67. The stock has a fifty day moving average of $9.84 and a two-hundred day moving average of $9.87. Barings BDC has a 1 year low of $8.55 and a 1 year high of $10.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter last year, the business earned $0.31 EPS. As a group, research analysts expect that Barings BDC will post 1.24 EPS for the current year.

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.