Barings BDC Inc (NYSE:BBDC) announced a quarterly dividend on Thursday, October 11th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.10 per share on Friday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, December 13th. This is a positive change from Barings BDC’s previous quarterly dividend of $0.03.
Shares of Barings BDC stock remained flat at $$9.97 during trading hours on Friday. The company’s stock had a trading volume of 276,724 shares, compared to its average volume of 346,579. Barings BDC has a one year low of $9.31 and a one year high of $12.40. The stock has a market cap of $511.30 million, a price-to-earnings ratio of 6.43 and a beta of 0.70. The company has a current ratio of 224.44, a quick ratio of 224.44 and a debt-to-equity ratio of 1.25.
A number of research analysts have weighed in on BBDC shares. Raymond James raised Barings BDC from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 11th. National Securities reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Barings BDC in a research report on Tuesday, November 13th. Finally, ValuEngine raised Barings BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th.
Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
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