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

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.26 per share on Wednesday, December 11th. This represents a $1.04 annualized dividend and a dividend yield of 10.62%. 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 92.0% meaning 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 $1.11 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 93.7%.

Barings BDC Stock Up 0.2 %

Shares of NYSE:BBDC opened at $9.80 on Friday. The business has a fifty day moving average of $9.79 and a two-hundred day moving average of $9.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.03 billion, a P/E ratio of 9.07 and a beta of 0.67. Barings BDC has a 52-week low of $8.55 and a 52-week high of $10.27.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business 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 11.22%. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, research analysts expect that Barings BDC will post 1.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price objective on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

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.