Barings Bdc, Inc. (BBDC) to Distribute Quarterly Dividend of $0.26 on September 9th

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Barings Bdc has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Barings Bdc has a dividend payout ratio of 105.1% 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 research analysts expect Barings Bdc to earn $1.00 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 104.0%.

Barings Bdc Price Performance

BBDC stock opened at $9.35 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $8.72 and its 200 day moving average is $8.63. The stock has a market cap of $979.04 million, a price-to-earnings ratio of 11.27 and a beta of 0.58. Barings Bdc has a 1-year low of $7.96 and a 1-year high of $9.92.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $54.58 million during the quarter, compared to analysts’ expectations of $60.10 million. Barings Bdc had a net margin of 32.73% and a return on equity of 10.07%. During the same quarter in the previous year, the company earned $0.28 EPS. Sell-side analysts predict that Barings Bdc will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Zacks Research downgraded shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.75.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).