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

Barings Bdc, Inc. (NYSE:BBDC) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Wednesday, September 2nd.

Barings Bdc has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Barings Bdc has a 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. Research 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 Price Performance

BBDC opened at $8.42 on Thursday. The company’s 50 day simple moving average is $8.41 and its 200 day simple moving average is $8.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.12 and a current ratio of 0.12. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.92. The stock has a market capitalization of $881.32 million, a PE ratio of 9.90 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last released its earnings results on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $54.58 million during the quarter, compared to the consensus estimate of $60.88 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, sell-side analysts expect that Barings Bdc will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Finally, Zacks Research downgraded Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.50.

About Barings Bdc

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).