Barings Bdc, Inc. (BBDC) To Go Ex-Dividend on September 2nd

Barings Bdc, Inc. (NYSE:BBDC) announced 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 11.4%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Barings Bdc has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive 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 Stock Up 8.7%

BBDC stock opened at $9.15 on Friday. Barings Bdc has a twelve month low of $7.96 and a twelve month high of $9.92. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $8.42 and its 200-day moving average is $8.60. The firm has a market capitalization of $958.41 million, a PE ratio of 11.03 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Barings Bdc had a net margin of 32.73% and a return on equity of 10.04%. The business had revenue of $54.58 million during the quarter, compared to the consensus estimate of $60.10 million. During the same period in the prior year, the firm posted $0.28 EPS. Sell-side analysts expect that Barings Bdc will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Lucid Cap Mkts raised shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Zacks Research cut shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Barings Bdc presently has an average rating of “Hold” and a consensus price target 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).