Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Plans $0.03 Quarterly Dividend

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Tuesday, December 16th will be paid a dividend of 0.03 per share on Tuesday, December 30th. This represents a $0.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, December 16th.

Bain Capital Specialty Finance has increased its dividend by an average of 7.3% per year over the last three years. Bain Capital Specialty Finance has a payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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 $1.68 annual dividend with an expected future payout ratio of 89.8%.

Bain Capital Specialty Finance Stock Performance

Shares of BCSF stock opened at $17.66 on Thursday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 8.87 and a beta of 1.10. The company’s 50 day moving average is $17.90 and its 200 day moving average is $17.23. 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 52-week low of $15.29 and a 52-week high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million for the quarter, compared to analyst estimates of $67.50 million. On average, sell-side analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCSF has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday.

Bain Capital Specialty Finance Company Profile

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.