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

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.26 per share on Wednesday, December 11th. This represents a $1.04 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date is Wednesday, December 4th.

Barings BDC has increased its dividend by an average of 16.2% annually over the last three years. Barings BDC has a payout ratio of 92.0% indicating that 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 $1.11 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 93.7%.

Barings BDC Stock Up 0.2 %

Shares of Barings BDC stock traded up $0.02 during trading on Thursday, hitting $9.80. 373,608 shares of the stock traded hands, compared to its average volume of 423,826. Barings BDC has a 52-week low of $8.55 and a 52-week high of $10.27. The stock’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $9.81. The firm has a market cap of $1.03 billion, a P/E ratio of 9.42 and a beta of 0.67. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. During the same period in the previous year, the company posted $0.31 EPS. On average, equities analysts predict that Barings BDC will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price target on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Friday, July 26th.

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.