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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Tuesday, March 4th, 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 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend 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 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 tumble. 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 Trading Down 2.6 %

BCSF stock opened at $18.57 on Tuesday. 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 company’s 50-day simple moving average is $17.89 and its 200 day simple moving average is $17.21. Bain Capital Specialty Finance has a 52 week low of $15.29 and a 52 week high of $19.21. The company has a market capitalization of $1.20 billion, a PE ratio of 9.33 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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. As a group, sell-side 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 upped their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Monday.

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.