Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Declares — Dividend of $0.45

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a — dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.45 per share on Monday, March 31st. This represents a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Bain Capital Specialty Finance’s previous — dividend of $0.03.

Bain Capital Specialty Finance has raised its dividend payment by an average of 7.3% annually over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 93.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Up 3.3 %

Bain Capital Specialty Finance stock traded up $0.61 during mid-day trading on Friday, hitting $19.08. 347,470 shares of the company’s stock were exchanged, compared to its average volume of 208,450. Bain Capital Specialty Finance has a fifty-two week low of $15.29 and a fifty-two week high of $19.16. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.59 and a beta of 1.10. The company’s 50 day simple moving average is $17.83 and its 200-day simple moving average is $17.15.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $67.50 million. On average, equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.