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

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.26 per share on Wednesday, March 12th. This represents a $1.04 annualized dividend and a yield of 9.89%.

Barings BDC has increased its dividend by an average of 9.4% per year over the last three years. Barings BDC has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Barings BDC to earn $1.13 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 92.0%.

Barings BDC Stock Up 0.5 %

Barings BDC stock opened at $10.52 on Friday. Barings BDC has a 12 month low of $8.96 and a 12 month high of $10.52. The stock has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $9.84. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.74 and a beta of 0.69.

Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. Equities analysts predict that Barings BDC will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling at Barings BDC

In related news, Director Stephen R. Byers acquired 8,485 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the purchase, the director now owns 50,001 shares in the company, valued at $486,509.73. The trade was a 20.44 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael James O’connor sold 29,424 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 14,048 shares of company stock valued at $136,772. Insiders own 0.45% of the company’s stock.

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.