Bain Capital Specialty Finance, Inc. (BCSF) To Go Ex-Dividend on June 15th

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 15th will be given a dividend of 0.42 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th.

Bain Capital Specialty Finance has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Bain Capital Specialty Finance has a dividend payout ratio of 101.8% 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 Bain Capital Specialty Finance to earn $1.51 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 111.3%.

Bain Capital Specialty Finance Trading Up 1.8%

BCSF opened at $13.54 on Wednesday. Bain Capital Specialty Finance has a one year low of $11.82 and a one year high of $16.00. The stock has a market capitalization of $878.34 million, a PE ratio of 11.88 and a beta of 0.59. The business’s 50 day moving average price is $12.84 and its 200 day moving average price is $13.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.82 and a current ratio of 1.82.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings data on Monday, May 11th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Bain Capital Specialty Finance had a net margin of 27.00% and a return on equity of 10.36%. The business had revenue of $42.20 million during the quarter, compared to analyst estimates of $65.58 million. As a group, equities research analysts expect that Bain Capital Specialty Finance will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BCSF. Keefe, Bruyette & Woods decreased their price objective on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Wells Fargo & Company decreased their price target on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.