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

Barings BDC, Inc. (NYSE:BBDC) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders 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 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 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 Up 0.5 %

Barings BDC stock traded up $0.06 during mid-day trading on Thursday, hitting $10.52. The company’s stock had a trading volume of 553,912 shares, compared to its average volume of 414,028. 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 has a 52-week low of $8.96 and a 52-week high of $10.52. The firm’s 50 day moving average is $9.78 and its 200 day moving average is $9.83. The company has a market cap of $1.11 billion, a PE ratio of 9.74 and a beta of 0.69.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) 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 anticipate that Barings BDC will post 1.24 earnings per share for the current year.

Insider Transactions at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen R. Byers acquired 8,485 shares of Barings BDC stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the purchase, the director now owns 50,001 shares in the company, valued at $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 14,048 shares of company stock valued at $136,772. 0.45% of the stock is owned by 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.