Barings Bdc, Inc. (BBDC) to Distribute Quarterly Dividend of $0.26 on December 9th

Barings Bdc, Inc. (NYSE:BBDC) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $0.26 per share on Wednesday, December 9th. This represents a $1.04 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Wednesday, December 2nd.

Barings Bdc has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. Barings Bdc has a dividend payout ratio of 105.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Barings Bdc to earn $1.02 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 102.0%.

Barings Bdc Stock Performance

Shares of BBDC stock opened at $8.67 on Friday. The stock has a market cap of $908.15 million, a PE ratio of 7.85 and a beta of 0.65. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $8.68 and its 200-day moving average price is $8.67. Barings Bdc has a 12 month low of $7.96 and a 12 month high of $9.53.

Barings Bdc (NYSE:BBDC) last issued its earnings results on Thursday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $64.29 million during the quarter, compared to analysts’ expectations of $63.54 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%. During the same quarter last year, the business earned $0.22 EPS. On average, equities analysts expect that Barings Bdc will post 1.04 EPS for the current fiscal year.

Institutional Trading of Barings Bdc

Institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. boosted its position in Barings Bdc by 2.3% in the 3rd quarter. Private Management Group Inc. now owns 4,890,673 shares of the company’s stock valued at $42,158,000 after buying an additional 110,949 shares during the period. Van ECK Associates Corp lifted its position in shares of Barings Bdc by 26.6% during the second quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock worth $19,677,000 after purchasing an additional 484,649 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Barings Bdc by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 1,271,275 shares of the company’s stock valued at $10,958,000 after acquiring an additional 36,763 shares during the period. Legal & General Group Plc acquired a new position in Barings Bdc during the second quarter valued at approximately $7,483,000. Finally, Bank of America Corp DE acquired a new stake in Barings Bdc during the 2nd quarter valued at $5,885,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

About Barings Bdc

Barings BDC, Inc (NYSE:BBDC) is a business development company that provides financing to privately owned, middle-market businesses. The company seeks to support companies across a range of industries by investing in their debt and equity securities.

Barings BDC primarily invests in senior secured loans, including first-lien and second-lien debt, as well as subordinated debt and selected equity investments. Its portfolio companies are generally based in the United States and may use the financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

The company was formerly known as Triangle Capital Corporation and adopted the Barings BDC name following a change in its investment management arrangements.