Bain Capital Specialty Finance, Inc. (BCSF) to Issue Quarterly Dividend of $0.42 on October 31st

Bain Capital Specialty Finance, Inc. (NYSE:BCSF) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.42 per share on Thursday, October 31st. This represents a $1.68 annualized dividend and a yield of 9.79%. The ex-dividend date is Monday, September 30th.

Bain Capital Specialty Finance has raised its dividend payment by an average of 3.8% per year over the last three years. Bain Capital Specialty Finance has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bain Capital Specialty Finance to earn $1.85 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 6.5%.

Bain Capital Specialty Finance Trading Up 0.4 %

Shares of BCSF stock opened at $17.16 on Friday. The stock has a 50-day simple moving average of $16.60 and a 200 day simple moving average of $16.38. The stock has a market capitalization of $1.11 billion, a P/E ratio of 8.58 and a beta of 1.13. Bain Capital Specialty Finance has a fifty-two week low of $14.60 and a fifty-two week high of $17.25. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03.

Bain Capital Specialty Finance (NYSE:BCSF) last issued its earnings results on Tuesday, August 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $72.27 million during the quarter. Bain Capital Specialty Finance had a net margin of 43.90% and a return on equity of 12.09%. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts expect that Bain Capital Specialty Finance will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on BCSF. Wells Fargo & Company decreased their target price on Bain Capital Specialty Finance from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 target price on shares of Bain Capital Specialty Finance in a report on Wednesday, August 21st.

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.