Bain Capital Specialty Finance, Inc. (BCSF) To Go Ex-Dividend on March 17th

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a — dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.45 per share on Monday, March 31st. This represents a dividend yield of 8.8%. The ex-dividend date is Monday, March 17th. This is a 1,400.0% increase from Bain Capital Specialty Finance’s previous — dividend of $0.03.

Bain Capital Specialty Finance has increased its dividend by an average of 7.3% annually over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 92.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research 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 Performance

BCSF stock opened at $16.69 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of 8.38 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s fifty day moving average price is $17.82 and its 200-day moving average price is $17.25. Bain Capital Specialty Finance has a 1 year low of $15.29 and a 1 year high of $19.21.

Bain Capital Specialty Finance (NYSE:BCSF) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. The business had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. On average, equities analysts forecast that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BCSF. Wells Fargo & Company lifted their target price on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 4th.

Bain Capital Specialty Finance Company Profile

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.