Bain Capital Specialty Finance, Inc. (BCSF) to Issue Quarterly Dividend of $0.42 on June 29th

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.42 per share on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Monday, June 15th.

Bain Capital Specialty Finance has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Bain Capital Specialty Finance has a 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 $1.51 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 Stock Up 0.2%

Shares of NYSE BCSF opened at $12.92 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.33. Bain Capital Specialty Finance has a 52 week low of $11.82 and a 52 week high of $15.84. The firm’s fifty day moving average is $13.19 and its 200 day moving average is $13.34. The company has a market cap of $837.99 million, a price-to-earnings ratio of 11.33 and a beta of 0.57.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Monday, May 11th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Bain Capital Specialty Finance had a return on equity of 10.44% and a net margin of 27.00%.The firm had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $65.58 million. On average, equities research analysts expect that Bain Capital Specialty Finance will post 1.67 earnings per share for the current 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.