Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Declares $0.42 Quarterly Dividend

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.42 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Tuesday, September 16th.

Bain Capital Specialty Finance has a payout ratio of 101.8% indicating that 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 $1.87 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 Down 0.7%

Shares of Bain Capital Specialty Finance stock opened at $15.49 on Friday. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21. The business has a 50-day moving average of $15.34 and a two-hundred day moving average of $15.57. The company has a market capitalization of $1.00 billion, a P/E ratio of 9.33 and a beta of 0.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Bain Capital Specialty Finance had a return on equity of 11.41% and a net margin of 37.90%.The company had revenue of $70.97 million during the quarter, compared to the consensus estimate of $67.88 million. As a group, equities analysts predict that Bain Capital Specialty Finance will post 2.06 EPS 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.