Barings Bdc, Inc. (NYSE:BBDC) Shareholders to Collect $0.26 Quarterly Dividend

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, November 5th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.26 per share on Wednesday, December 9th. This represents a $1.04 annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, December 2nd.

Barings Bdc has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Barings Bdc has a 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. Equities analysts expect Barings Bdc to earn $1.02 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 102.0%.

Barings Bdc Price Performance

Shares of NYSE:BBDC opened at $8.74 on Friday. The firm has a market cap of $915.69 million, a price-to-earnings ratio of 7.96 and a beta of 0.65. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.53. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.67.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Thursday, November 5th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. The firm had revenue of $64.29 million during the quarter, compared to analysts’ expectations of $63.54 million. During the same quarter last year, the firm earned $0.22 EPS. As a group, sell-side analysts predict that Barings Bdc will post 1.04 earnings per share for the current fiscal year.

Barings Bdc Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.