Bain Capital Specialty Finance, Inc. (NYSE:BCSF) to Issue Quarterly Dividend of $0.42

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.42 per share on Thursday, October 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date is Monday, September 30th.

Bain Capital Specialty Finance has increased its dividend payment by an average of 3.8% annually over the last three years. Bain Capital Specialty Finance has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bain Capital Specialty Finance to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.5%.

Bain Capital Specialty Finance Price Performance

Shares of NYSE:BCSF opened at $17.16 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.11 billion, a PE ratio of 8.58 and a beta of 1.13. The company’s fifty day moving average is $16.60 and its 200 day moving average is $16.38. Bain Capital Specialty Finance has a 52 week low of $14.60 and a 52 week high of $17.25.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Bain Capital Specialty Finance had a return on equity of 12.09% and a net margin of 43.90%. The firm had revenue of $72.27 million for the quarter. During the same quarter in the prior year, the firm posted $0.60 EPS. Research analysts anticipate that Bain Capital Specialty Finance will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BCSF. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st. Wells Fargo & Company cut their price target on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.