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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders 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 yield of 0.68%. The ex-dividend date of this dividend is Tuesday, December 16th.

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 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

Shares of Bain Capital Specialty Finance stock traded down $0.38 during trading hours on Wednesday, reaching $17.59. The company had a trading volume of 71,053 shares, compared to its average volume of 229,573. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. Bain Capital Specialty Finance has a one year low of $15.29 and a one year high of $19.21. The firm has a market cap of $1.14 billion, a PE ratio of 8.83 and a beta of 1.10. The business has a fifty day simple moving average of $17.89 and a 200 day simple moving average of $17.21.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its earnings results on Thursday, February 27th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $67.50 million. On average, analysts anticipate that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BCSF shares. Keefe, Bruyette & Woods upped their target price on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday. Wells Fargo & Company upped their price target on shares of Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock 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.