Bain Capital Specialty Finance, Inc. to Issue Quarterly Dividend of $0.03 (NYSE:BCSF)

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Tuesday, December 16th will be given a dividend of 0.03 per share on Tuesday, December 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Tuesday, December 16th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Down 2.6 %

Shares of NYSE:BCSF traded down $0.50 on Monday, hitting $18.57. 586,641 shares of the company’s stock were exchanged, compared to its average volume of 227,778. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.33 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance has a 12 month low of $15.29 and a 12 month high of $19.20. The business’s 50 day simple moving average is $17.86 and its two-hundred day simple moving average is $17.20.

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

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday.

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.