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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders 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 0.68%. The ex-dividend date of this dividend 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 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 BCSF traded down $0.38 on Wednesday, reaching $17.59. 71,053 shares of the company’s stock traded hands, compared to its average volume of 229,573. The stock’s 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $17.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.13. Bain Capital Specialty Finance has a 52-week low of $15.29 and a 52-week high of $19.21. The stock has a market cap of $1.14 billion, a PE ratio of 8.83 and a beta of 1.10.

Bain Capital Specialty Finance (NYSE:BCSF) last released 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 analysts’ expectations of $67.50 million. Bain Capital Specialty Finance had a return on equity of 11.90% and a net margin of 43.62%. On average, analysts forecast that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.