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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a — dividend on Friday, May 10th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.03 per share on Friday, January 31st. This represents a dividend yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 31st.

Bain Capital Specialty Finance has raised its dividend payment by an average of 3.8% annually over the last three years. Bain Capital Specialty Finance has a payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.12 annual dividend with an expected future payout ratio of 6.4%.

Bain Capital Specialty Finance Stock Performance

BCSF stock opened at $17.70 on Friday. The company has a 50-day simple moving average of $16.97 and a 200 day simple moving average of $16.72. The company has a market capitalization of $1.14 billion, a P/E ratio of 8.89 and a beta of 1.12. 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 has a fifty-two week low of $14.75 and a fifty-two week high of $17.79.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $72.54 million for the quarter. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. During the same quarter in the prior year, the business earned $0.55 EPS. Sell-side analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

About Bain Capital Specialty Finance

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.