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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) announced a quarterly dividend on Monday, March 3rd, 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 annualized dividend and a dividend yield of 0.69%. 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% annually over the last three years. Bain Capital Specialty Finance has a dividend payout ratio of 92.3% meaning 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 Trading Down 2.1 %

Shares of BCSF stock traded down $0.38 during trading hours on Thursday, hitting $17.28. 359,225 shares of the company were exchanged, compared to its average volume of 230,413. The company has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.23. Bain Capital Specialty Finance has a fifty-two week low of $15.29 and a fifty-two week high of $19.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $1.12 billion, a P/E ratio of 8.68 and a beta of 1.10.

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Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Bain Capital Specialty Finance had a net margin of 43.62% and a return on equity of 11.90%. The business had revenue of $73.30 million during the quarter, compared to the consensus estimate of $67.50 million. Equities analysts anticipate that Bain Capital Specialty Finance will post 2.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BCSF. Wells Fargo & Company lifted their price target 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 lifted their price target on shares of Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a research report on Tuesday.

Bain Capital Specialty Finance Company Profile

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.