Barings Bdc, Inc. (NYSE:BBDC) Announces Quarterly Dividend of $0.26

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Wednesday, March 4th will be paid a dividend of 0.26 per share on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Wednesday, March 4th.

Barings Bdc 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 3 consecutive years. Barings Bdc has a dividend 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.

Barings Bdc Trading Up 1.8%

NYSE:BBDC traded up $0.16 on Friday, hitting $9.24. The stock had a trading volume of 235,357 shares, compared to its average volume of 643,110. Barings Bdc has a 1-year low of $7.66 and a 1-year high of $10.85. The stock has a market cap of $971.68 million, a price-to-earnings ratio of 9.53 and a beta of 0.60. The company has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $9.09. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.30.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, February 19th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $65.28 million for the quarter, compared to the consensus estimate of $67.66 million. Barings Bdc had a return on equity of 10.11% and a net margin of 36.01%.During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities research analysts expect that Barings Bdc will post 1.13 earnings per share for the current fiscal year.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).