Barings BDC, Inc. (BBDC) To Go Ex-Dividend on December 4th

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.26 per share on Wednesday, December 11th. This represents a $1.04 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date is Wednesday, December 4th.

Barings BDC has increased its dividend payment by an average of 16.2% annually over the last three years. Barings BDC has a payout ratio of 96.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Barings BDC to earn $1.07 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 97.2%.

Barings BDC Price Performance

Barings BDC stock opened at $10.24 on Monday. The business has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $9.87. Barings BDC has a 12 month low of $8.55 and a 12 month high of $10.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.48 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The business had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts predict that Barings BDC will post 1.24 earnings per share for the current year.

Barings BDC Company Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.