Bain Capital Specialty Finance, Inc. (NYSE:BCSF) to Issue $0.03 Quarterly Dividend

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.03 per share on Tuesday, December 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, December 16th.

Bain Capital Specialty Finance has raised its dividend by an average of 7.3% per year over the last three years. Bain Capital Specialty Finance has a payout ratio of 93.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Bain Capital Specialty Finance to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 89.8%.

Bain Capital Specialty Finance Stock Down 2.6 %

BCSF stock opened at $18.57 on Tuesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 9.33 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a 12 month low of $15.29 and a 12 month high of $19.21. The firm has a 50-day moving average price of $17.89 and a 200-day moving average price of $17.21.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. As a group, equities research analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday.

Bain Capital Specialty Finance Company Profile

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.