Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Announces $0.03 — Dividend

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a — dividend on Monday, May 13th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.03 per share on Friday, January 31st. This represents a dividend yield of 10.1%. The ex-dividend date is Tuesday, December 31st.

Bain Capital Specialty Finance has increased its dividend payment by an average of 3.8% annually over the last three years. Bain Capital Specialty Finance has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bain Capital Specialty Finance to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 6.4%.

Bain Capital Specialty Finance Trading Down 0.1 %

Shares of BCSF opened at $17.70 on Friday. The stock’s 50-day moving average price is $16.97 and its 200 day moving average price is $16.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a 12-month low of $14.75 and a 12-month high of $17.79. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.89 and a beta of 1.12.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $72.54 million during the quarter. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, research analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.