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

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Tuesday, October 7th, RTT News reports. Stockholders of record on Wednesday, December 3rd will be paid a dividend of 0.26 per share on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 12.1%.

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.

Barings Bdc Stock Performance

NYSE BBDC opened at $8.59 on Tuesday. The firm has a market cap of $903.32 million, a P/E ratio of 8.95 and a beta of 0.72. Barings Bdc has a 52-week low of $7.66 and a 52-week high of $10.85. The business’s 50-day moving average price is $9.35 and its 200 day moving average price is $9.15. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.The company had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $66.41 million. During the same period last year, the firm earned $0.40 EPS. On average, equities research analysts expect that Barings Bdc will post 1.13 earnings per share for the current year.

About Barings Bdc

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.