Barings Bdc, Inc. (NYSE:BBDC) to Issue Quarterly Dividend of $0.26

Barings Bdc, Inc. (NYSE:BBDC) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Wednesday, March 4th will be given a dividend of 0.26 per share on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Wednesday, March 4th.

Barings Bdc has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Barings Bdc has a dividend payout ratio of 105.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Barings Bdc Stock Up 1.5%

Barings Bdc stock traded up $0.14 during mid-day trading on Friday, reaching $9.22. The company’s stock had a trading volume of 286,657 shares, compared to its average volume of 644,290. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.10. Barings Bdc has a 12 month low of $7.66 and a 12 month high of $10.85. The business’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $9.09. The company has a market capitalization of $969.05 million, a price-to-earnings ratio of 9.50 and a beta of 0.60.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Barings Bdc had a return on equity of 10.11% and a net margin of 36.01%.The firm had revenue of $65.28 million during the quarter, compared to the consensus estimate of $67.66 million. During the same period last year, the company earned $0.28 earnings per share. As a group, research analysts anticipate that Barings Bdc will post 1.13 earnings per share for the current year.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).