Bain Capital Specialty Finance, Inc. (BCSF) To Go Ex-Dividend on December 16th

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.03 per share on Tuesday, December 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, December 16th.

Bain Capital Specialty Finance has raised its dividend by an average of 7.3% per year over the last three years. Bain Capital Specialty Finance has a payout ratio of 92.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Down 1.7 %

NYSE:BCSF opened at $17.66 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.87 and a beta of 1.10. Bain Capital Specialty Finance has a one year low of $15.29 and a one year high of $19.21. The business has a fifty day moving average price of $17.90 and a 200-day moving average price of $17.23.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, topping 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. Sell-side analysts forecast that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BCSF shares. Wells Fargo & Company raised their price objective on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods raised their price objective on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Tuesday.

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.