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

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Wednesday, June 5th will be paid a dividend of 0.26 per share on Wednesday, June 12th. This represents a $1.04 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date is Wednesday, June 5th.

Barings BDC has raised its dividend payment by an average of 16.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Barings BDC has a payout ratio of 88.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Barings BDC to earn $1.17 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 88.9%.

Barings BDC Stock Down 1.4 %

Shares of BBDC traded down $0.13 during mid-day trading on Wednesday, reaching $9.45. The company had a trading volume of 448,126 shares, compared to its average volume of 481,899. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.03 and a beta of 0.63. The firm has a 50-day moving average price of $9.34 and a 200 day moving average price of $9.07. Barings BDC has a 52 week low of $7.15 and a 52 week high of $9.89.

Barings BDC (NYSE:BBDC) last released its earnings results on Saturday, May 4th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Barings BDC had a return on equity of 10.63% and a net margin of 44.26%. The company had revenue of $69.81 million during the quarter, compared to the consensus estimate of $72.38 million. During the same period last year, the firm posted $0.25 earnings per share. On average, sell-side analysts forecast that Barings BDC will post 1.22 EPS for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price target on shares of Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

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.