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

Bain Capital Specialty Finance logo with Finance background

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) declared a dividend on Saturday, June 14th, investing.com reports. Shareholders of record on Tuesday, June 17th will be paid a dividend of 0.03 per share on Monday, June 30th. This represents a yield of 11.66%. The ex-dividend date of this dividend is Monday, June 16th.

Bain Capital Specialty Finance has a dividend payout ratio of 101.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

NYSE BCSF traded up $0.10 during mid-day trading on Tuesday, reaching $14.89. 311,629 shares of the stock were exchanged, compared to its average volume of 239,931. The company has a market capitalization of $966.16 million, a P/E ratio of 7.48 and a beta of 0.80. 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 business's 50 day moving average is $15.28 and its 200-day moving average is $16.62. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $52.84 million for the quarter, compared to the consensus estimate of $71.00 million. On average, equities research analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Bain Capital Specialty Finance

A hedge fund recently raised its stake in Bain Capital Specialty Finance stock. Royal Bank of Canada lifted its stake in shares of Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,801 shares of the company's stock after acquiring an additional 4,722 shares during the period. Royal Bank of Canada owned 0.22% of Bain Capital Specialty Finance worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

BCSF has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on shares of Bain Capital Specialty Finance from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th.

Check Out Our Latest Stock Report on Bain Capital Specialty Finance

About Bain Capital Specialty Finance

(Get Free Report)

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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Dividend History for Bain Capital Specialty Finance (NYSE:BCSF)

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