Barings BDC, Inc. (NYSE:BBDC) Announces $0.26 Quarterly Dividend

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 4th will be given a dividend of 0.26 per share on Wednesday, December 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date is Wednesday, December 4th.

Barings BDC has raised its dividend payment by an average of 16.2% per year over the last three years. Barings BDC has a payout ratio of 92.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Barings BDC to earn $1.11 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 93.7%.

Barings BDC Price Performance

NYSE BBDC traded up $0.02 during trading hours on Thursday, reaching $9.80. 373,608 shares of the company’s stock were exchanged, compared to its average volume of 423,826. The firm has a fifty day moving average of $9.80 and a 200-day moving average of $9.81. Barings BDC has a one year low of $8.55 and a one year high of $10.27. The stock has a market cap of $1.03 billion, a PE ratio of 9.40 and a beta of 0.67. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. The business had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. During the same quarter in the previous year, the company posted $0.31 EPS. On average, equities research analysts predict that Barings BDC will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

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.