Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) announced a -- dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.45 per share on Monday, March 31st. This represents a yield of 8.8%. The ex-dividend date is Monday, March 17th. This is a positive change from Bain Capital Specialty Finance's previous -- dividend of $0.03.
Bain Capital Specialty Finance has raised its dividend payment by an average of 7.3% per year over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 93.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. 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 $1.68 annual dividend with an expected future payout ratio of 89.8%.
Bain Capital Specialty Finance Stock Down 3.4 %
NYSE BCSF traded down $0.63 on Tuesday, reaching $17.97. The company had a trading volume of 980,115 shares, compared to its average volume of 229,977. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.03 and a beta of 1.10. 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 50-day moving average of $17.89 and a 200-day moving average of $17.21. Bain Capital Specialty Finance has a 1 year low of $15.29 and a 1 year high of $19.21.
Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. On average, equities research analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the stock a "market perform" rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday.
Read Our Latest Analysis on Bain Capital Specialty Finance
About Bain Capital Specialty Finance
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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.
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