Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.42 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date is Tuesday, September 15th.
Bain Capital Specialty Finance has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive 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. Research analysts expect Bain Capital Specialty Finance to earn $1.40 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 120.0%.
Bain Capital Specialty Finance Stock Performance
NYSE:BCSF opened at $11.49 on Friday. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $745.62 million, a price-to-earnings ratio of 11.61 and a beta of 0.58. The firm’s fifty day simple moving average is $12.38 and its 200 day simple moving average is $12.69. Bain Capital Specialty Finance has a twelve month low of $11.38 and a twelve month high of $15.60.
Bain Capital Specialty Finance Company Profile
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.
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