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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.42 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date is Tuesday, September 15th.

Bain Capital Specialty Finance has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Bain Capital Specialty Finance has a dividend 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 $1.51 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 111.3%.

Bain Capital Specialty Finance Stock Down 1.2%

BCSF opened at $12.95 on Tuesday. Bain Capital Specialty Finance has a 52 week low of $11.82 and a 52 week high of $15.84. The business has a 50 day moving average price of $12.65 and a two-hundred day moving average price of $12.92. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.33. The company has a market cap of $840.07 million, a PE ratio of 11.36 and a beta of 0.58.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $47.80 million for the quarter, compared to the consensus estimate of $64.44 million. Bain Capital Specialty Finance had a return on equity of 10.44% and a net margin of 27.00%. As a group, research analysts anticipate that Bain Capital Specialty Finance will post 1.67 EPS for the current year.

Bain Capital Specialty Finance Company Profile

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.