Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Declares Quarterly Dividend of $0.03

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Tuesday, December 16th will be paid a dividend of 0.03 per share on Tuesday, December 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, December 16th.

Bain Capital Specialty Finance has raised its dividend payment by an average of 7.3% annually over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 93.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Price Performance

NYSE BCSF traded down $0.50 on Monday, reaching $18.57. The company had a trading volume of 586,641 shares, compared to its average volume of 227,778. The firm’s 50 day moving average price is $17.86 and its 200 day moving average price is $17.20. Bain Capital Specialty Finance has a 12 month low of $15.29 and a 12 month high of $19.20. The stock has a market capitalization of $1.20 billion, a PE ratio of 9.33 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $73.30 million for the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. As a group, equities analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Monday.

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.