Barings BDC, Inc. (BBDC) to Issue Quarterly Dividend of $0.26 on March 12th

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 9.63%. The ex-dividend date is Wednesday, March 5th.

Barings BDC has increased 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.

Barings BDC Trading Up 2.8 %

Shares of BBDC opened at $10.80 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 10.38 and a beta of 0.69. Barings BDC has a fifty-two week low of $8.96 and a fifty-two week high of $10.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The business has a 50-day moving average of $9.81 and a 200 day moving average of $9.85.

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 the consensus estimate of $0.29 by ($0.01). The business had revenue of $70.63 million during the quarter, compared to the consensus estimate of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.91%. As a group, research analysts forecast that Barings BDC will post 1.13 EPS for the current year.

Insider Buying and Selling at Barings BDC

In other 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 acquired at an average price of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. The trade was a 20.44 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael James O’connor sold 29,424 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have acquired 14,048 shares of company stock valued at $136,772 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

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.