Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Raises Dividend to $0.42 Per Share

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.42 per share on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Monday, March 16th. This is a 1,300.0% increase from Bain Capital Specialty Finance’s previous quarterly dividend of $0.03.

Bain Capital Specialty Finance has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Bain Capital Specialty Finance has a payout ratio of 101.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 1.8%

NYSE:BCSF traded up $0.23 during trading hours on Friday, reaching $12.98. The company’s stock had a trading volume of 334,143 shares, compared to its average volume of 530,753. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $842.13 million, a P/E ratio of 9.06 and a beta of 0.61. The stock has a 50 day moving average price of $13.57 and a two-hundred day moving average price of $14.17. Bain Capital Specialty Finance has a 12 month low of $12.43 and a 12 month high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $68.20 million for the quarter, compared to the consensus estimate of $68.48 million. Bain Capital Specialty Finance had a net margin of 33.45% and a return on equity of 11.03%. Equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.