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

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Barings Bdc has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Barings Bdc has a dividend payout ratio of 105.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Barings Bdc to earn $0.97 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 107.2%.

Barings Bdc Trading Up 2.9%

Shares of BBDC opened at $8.67 on Thursday. Barings Bdc has a fifty-two week low of $7.96 and a fifty-two week high of $9.92. The business has a 50-day moving average of $8.41 and a 200 day moving average of $8.60. The firm has a market cap of $907.39 million, a P/E ratio of 10.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.12 and a current ratio of 0.12.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The business had revenue of $54.58 million for the quarter, compared to analysts’ expectations of $60.88 million. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, research analysts forecast that Barings Bdc will post 1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research cut Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings cut Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Barings Bdc has a consensus rating of “Hold” and an average price target of $9.50.

Barings Bdc Company Profile

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).