Barings BDC, Inc. (NYSE:BBDC) to Issue $0.26 Quarterly Dividend

Barings BDC, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.26 per share on Wednesday, March 12th. This represents a $1.04 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date is Wednesday, March 5th.

Barings BDC has raised its dividend payment by an average of 9.4% per year over the last three years. Barings BDC has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Barings BDC Price Performance

BBDC stock opened at $10.80 on Friday. The firm has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $9.85. The stock has a market cap of $1.14 billion, a PE ratio of 10.38 and a beta of 0.69. Barings BDC has a one year low of $8.96 and a one year high of $10.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a return on equity of 10.91% and a net margin of 38.54%. On average, analysts predict that Barings BDC will post 1.13 EPS for the current fiscal year.

Insider Transactions at Barings BDC

In other Barings BDC news, Director Stephen R. Byers bought 8,485 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the transaction, the director now directly owns 50,001 shares in the company, valued at $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $285,412.80. The disclosure for this sale can be found here. In the last three months, insiders bought 14,048 shares of company stock worth $136,772. 0.45% of the stock is currently owned by corporate insiders.

Barings BDC Company Profile

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.