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

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 10.62%. The ex-dividend date of this dividend 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Up 0.2 %

BBDC traded up $0.02 on Thursday, hitting $9.80. The company had a trading volume of 373,608 shares, compared to its average volume of 423,826. Barings BDC has a 12-month low of $8.55 and a 12-month high of $10.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $9.81. The company has a market cap of $1.03 billion, a PE ratio of 9.42 and a beta of 0.67.

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

Wall Street Analyst Weigh In

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

Barings BDC Company Profile

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.