Barings BDC, Inc. Announces Quarterly Dividend of $0.26 (NYSE:BBDC)

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.26 per share on Wednesday, March 12th. This represents a $1.04 annualized dividend and a dividend yield of 9.89%.

Barings BDC has raised its dividend by an average of 9.4% annually over the last three years. Barings BDC has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Barings BDC to earn $1.13 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 92.0%.

Barings BDC Stock Performance

NYSE:BBDC traded up $0.06 during trading hours on Thursday, hitting $10.52. 553,912 shares of the company traded hands, compared to its average volume of 414,028. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.74 and a beta of 0.69. The firm has a 50-day moving average of $9.78 and a 200 day moving average of $9.83. Barings BDC has a twelve month low of $8.96 and a twelve month high of $10.52.

Barings BDC (NYSE:BBDC) last released its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. On average, analysts forecast that Barings BDC will post 1.24 EPS for the current year.

Insider Transactions at Barings BDC

In related news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen R. Byers bought 8,485 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now directly owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 14,048 shares of company stock valued at $136,772. Company insiders own 0.45% of the company’s stock.

About Barings BDC

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.