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

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Wednesday, June 5th will be paid a dividend of 0.26 per share on Wednesday, June 12th. This represents a $1.04 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend is Wednesday, June 5th.

Barings BDC has increased its dividend by an average of 16.2% annually over the last three years and has increased its dividend every year for the last 2 years. Barings BDC has a dividend payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Barings BDC to earn $1.17 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 88.9%.

Barings BDC Trading Down 1.4 %

Shares of BBDC stock opened at $9.45 on Thursday. The business has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $9.07. Barings BDC has a 12-month low of $7.15 and a 12-month high of $9.89. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.00 billion, a P/E ratio of 7.94 and a beta of 0.63.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $69.81 million for the quarter, compared to analysts’ expectations of $72.38 million. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. During the same period in the prior year, the business posted $0.25 earnings per share. Equities analysts anticipate that Barings BDC will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their price objective on shares of Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

About Barings BDC

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.