Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report) announced a None dividend on Monday, May 6th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.45 per share on Monday, July 29th. The ex-dividend date of this dividend is Friday, June 28th.
Bain Capital Specialty Finance has increased its dividend by an average of 3.8% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Bain Capital Specialty Finance has a dividend payout ratio of 85.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Bain Capital Specialty Finance to earn $1.95 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 86.2%.
Bain Capital Specialty Finance Stock Down 0.1 %
NYSE BCSF traded down $0.01 during trading hours on Wednesday, reaching $16.54. The company’s stock had a trading volume of 162,782 shares, compared to its average volume of 275,121. The firm has a fifty day simple moving average of $15.91 and a 200-day simple moving average of $15.48. Bain Capital Specialty Finance has a 52 week low of $11.31 and a 52 week high of $16.94. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.11.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company raised their price target on shares of Bain Capital Specialty Finance from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday.
Read Our Latest Stock Analysis on BCSF
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.
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