Bain Capital Specialty Finance, Inc. Plans Quarterly Dividend of $0.42 (NYSE:BCSF)

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.42 per share on Monday, June 29th. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, June 15th.

Bain Capital Specialty Finance has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Bain Capital Specialty Finance has a payout ratio of 101.8% meaning 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 Bain Capital Specialty Finance to earn $1.51 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 111.3%.

Bain Capital Specialty Finance Stock Down 2.6%

Shares of NYSE:BCSF opened at $13.31 on Tuesday. The company’s fifty day moving average is $12.83 and its two-hundred day moving average is $13.47. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.82 and a current ratio of 1.82. Bain Capital Specialty Finance has a 1-year low of $11.82 and a 1-year high of $16.00. The stock has a market capitalization of $863.48 million, a price-to-earnings ratio of 8.70 and a beta of 0.59.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Bain Capital Specialty Finance had a net margin of 36.14% and a return on equity of 10.74%. The business had revenue of $42.20 million during the quarter, compared to analyst estimates of $65.58 million. Equities analysts anticipate that Bain Capital Specialty Finance will post 1.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on BCSF shares. Keefe, Bruyette & Woods decreased their target price on Bain Capital Specialty Finance from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Wells Fargo & Company reduced their price objective on Bain Capital Specialty Finance from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bain Capital Specialty Finance has a consensus rating of “Hold” and a consensus target price of $14.00.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.