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

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders 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 dividend 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% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Barings BDC has a dividend 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. Equities research 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 Performance

NYSE:BBDC traded down $0.13 during mid-day trading on Wednesday, reaching $9.45. The company's stock had a trading volume of 483,027 shares, compared to its average volume of 482,438. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.00 billion, a P/E ratio of 7.94 and a beta of 0.63. The firm's fifty day moving average price is $9.33 and its two-hundred day moving average price is $9.07. Barings BDC has a 12-month low of $7.15 and a 12-month high of $9.89.

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

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price target on Barings BDC from $8.50 to $8.75 and gave the company an "equal weight" rating in a 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.