Bain Capital Specialty Finance, Inc. (BCSF) to Distribute Quarterly Dividend of $0.42 on September 29th

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, August 10th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.42 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Tuesday, September 15th.

Bain Capital Specialty Finance has raised 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 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. Research 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 Stock Performance

Shares of BCSF opened at $12.88 on Wednesday. Bain Capital Specialty Finance has a 12-month low of $11.82 and a 12-month high of $15.84. The stock has a market cap of $835.25 million, a P/E ratio of 13.01 and a beta of 0.58. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average of $12.64 and a two-hundred day moving average of $12.91.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.32%. The business had revenue of $47.80 million for the quarter, compared to analyst estimates of $64.44 million. As a group, research analysts predict that Bain Capital Specialty Finance will post 1.67 EPS for the current fiscal year.

About Bain Capital Specialty Finance

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.