Bain Capital Specialty Finance, Inc. (BCSF) to Issue — Dividend of $0.03 on January 31st

Posted by ABMN Staff on Dec 29th, 2024

Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report) announced a — dividend on Friday, May 10th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid 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 increased 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 6.5% meaning 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

Shares of NYSE BCSF opened at $17.70 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $16.97 and its two-hundred day moving average price is $16.72. Bain Capital Specialty Finance has a 52-week low of $14.75 and a 52-week high of $17.79. The stock has a market capitalization of $1.14 billion, a P/E ratio of 8.89 and a beta of 1.12.

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

Bain Capital Specialty Finance Company Profile

(Get Free Report)

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.