Barings Bdc, Inc. Announces Quarterly Dividend of $0.26 (NYSE:BBDC)

Key Points

• Barings Bdc, Inc. has declared a quarterly dividend of $0.26 per share, payable on September 10th to stockholders of record on September 3rd, reflecting an annualized dividend yield of 10.9%.
• The company reported $0.28 earnings per share for the last quarter, exceeding analysts' estimates, with a revenue of $74.40 million compared to the forecast of $66.41 million.
• Barings Bdc has a payout ratio of 105.1%, indicating it cannot fully cover its dividend with earnings and is relying on its balance sheet to make payments.

Barings Bdc, Inc. (NYSE:BBDC - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Wednesday, September 3rd will be paid a dividend of 0.26 per share on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Wednesday, September 3rd.

Barings Bdc has a payout ratio of 105.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Barings Bdc Stock Performance

BBDC stock traded up $0.04 on Wednesday, reaching $9.71. 59,211 shares of the company were exchanged, compared to its average volume of 478,830. Barings Bdc has a 12 month low of $7.66 and a 12 month high of $10.85. The stock's fifty day moving average price is $9.27 and its 200 day moving average price is $9.33. The firm has a market capitalization of $1.02 billion, a PE ratio of 10.11 and a beta of 0.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09.

Barings Bdc (NYSE:BBDC - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $66.41 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same quarter in the previous year, the firm posted $0.40 EPS. On average, research analysts anticipate that Barings Bdc will post 1.13 EPS for the current fiscal year.

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.