Barings Bdc, Inc. (BBDC) To Go Ex-Dividend on June 3rd

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.26 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Barings Bdc has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Barings Bdc has a dividend payout ratio of 105.1% meaning 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 Barings Bdc to earn $0.97 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 107.2%.

Barings Bdc Stock Performance

Barings Bdc stock opened at $8.69 on Monday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $8.59 and a 200-day moving average of $8.79. The firm has a market cap of $909.41 million, a P/E ratio of 10.22 and a beta of 0.58. Barings Bdc has a 1-year low of $7.96 and a 1-year high of $9.92.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $54.66 million during the quarter, compared to analyst estimates of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same period in the prior year, the business posted $0.25 earnings per share. Sell-side analysts expect that Barings Bdc will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on BBDC shares. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).