Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Raises Dividend to $0.45 Per Share

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a — dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.45 per share on Monday, March 31st. This represents a 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% per year over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 93.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Performance

NYSE:BCSF traded up $0.61 during mid-day trading on Friday, reaching $19.08. The stock had a trading volume of 347,470 shares, compared to its average volume of 208,461. Bain Capital Specialty Finance has a twelve month low of $15.29 and a twelve month high of $19.16. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.59 and a beta of 1.10. The business has a 50 day simple moving average of $17.83 and a 200 day simple moving average of $17.15.

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

Analyst Ratings Changes

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

About Bain Capital Specialty Finance

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.