Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Plans Quarterly Dividend of $0.42

Key Points

• Bain Capital Specialty Finance, Inc. has declared a quarterly dividend of $0.42 per share, payable on September 30th to shareholders of record as of September 16th, indicating a 10.8% dividend yield.
• The company currently has a payout ratio of 101.8%, suggesting it is relying on its balance sheet rather than earnings to fund its dividend payments, although future earnings are expected to improve.
• Bain Capital Specialty Finance reported earnings of $0.47 per share for the last quarter, exceeding expectations, with total revenue of $70.97 million, surpassing the forecast of $67.88 million.

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.42 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Tuesday, September 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. Equities 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

BCSF stock traded down $0.04 during mid-day trading on Friday, reaching $14.82. The company had a trading volume of 217,593 shares, compared to its average volume of 290,669. The stock has a market capitalization of $961.36 million, a P/E ratio of 8.91 and a beta of 0.83. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 1.37. Bain Capital Specialty Finance has a one year low of $13.20 and a one year high of $19.21. The stock's 50-day simple moving average is $15.32 and its two-hundred day simple moving average is $15.48.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. The firm had revenue of $70.97 million for the quarter, compared to analyst estimates of $67.88 million. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%. Research analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

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.