Barings Bdc, Inc. (BBDC) to Issue Quarterly Dividend of $0.26 on June 10th

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Wednesday, June 3rd will be paid 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 11.7%. The ex-dividend date is Wednesday, June 3rd.

Barings Bdc has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. 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. Research analysts expect Barings Bdc to earn $0.92 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 113.0%.

Barings Bdc Stock Performance

Shares of NYSE:BBDC opened at $8.89 on Friday. Barings Bdc has a twelve month low of $7.96 and a twelve month high of $9.92. The firm has a market cap of $930.35 million, a PE ratio of 10.45 and a beta of 0.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The business has a fifty day moving average of $8.51 and a 200-day moving average of $8.83.

Barings Bdc (NYSE:BBDC) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.05% and a net margin of 32.45%.The company had revenue of $54.66 million during the quarter, compared to analyst estimates of $62.54 million. During the same period last year, the company posted $0.25 earnings per share. On average, equities research analysts predict that Barings Bdc will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Barings Bdc

Several hedge funds have recently added to or reduced their stakes in the company. Bulldog Investors LLP boosted its holdings in Barings Bdc by 5.5% in the first quarter. Bulldog Investors LLP now owns 334,904 shares of the company’s stock valued at $2,756,000 after acquiring an additional 17,597 shares during the last quarter. Global Assets Advisory LLC bought a new position in Barings Bdc in the first quarter valued at about $79,000. Simplicity Wealth LLC bought a new position in Barings Bdc in the first quarter valued at about $91,000. Kestra Advisory Services LLC boosted its holdings in Barings Bdc by 16.7% in the first quarter. Kestra Advisory Services LLC now owns 60,737 shares of the company’s stock valued at $500,000 after acquiring an additional 8,681 shares during the last quarter. Finally, Saxon Interests Inc. boosted its holdings in Barings Bdc by 3.5% in the first quarter. Saxon Interests Inc. now owns 91,509 shares of the company’s stock valued at $753,000 after acquiring an additional 3,127 shares during the last quarter. Institutional investors own 44.09% of the company’s stock.

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).