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

Bain Capital Specialty Finance, Inc. (NYSE:BCSF - Get Free Report) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors 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 yield of 0.68%. The ex-dividend date is Tuesday, December 16th.

Bain Capital Specialty Finance has increased its dividend by an average of 7.3% annually over the last three years. Bain Capital Specialty Finance has a 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 fall. 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 $1.68 annual dividend with an expected future payout ratio of 89.8%.

Bain Capital Specialty Finance Price Performance

Bain Capital Specialty Finance stock traded up $0.28 during midday trading on Friday, reaching $17.58. The company's stock had a trading volume of 258,778 shares, compared to its average volume of 230,526. The firm has a market capitalization of $1.14 billion, a PE ratio of 8.83 and a beta of 1.10. Bain Capital Specialty Finance has a fifty-two week low of $15.29 and a fifty-two week high of $19.21. The stock's 50 day simple moving average is $17.89 and its 200 day simple moving average is $17.23. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.41 and a current ratio of 1.41.

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Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.52 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 firm had revenue of $73.30 million during the quarter, compared to analysts' expectations of $67.50 million. On average, equities research analysts forecast that Bain Capital Specialty Finance will post 2.06 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BCSF shares. Wells Fargo & Company boosted their price target on Bain Capital Specialty Finance from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods upped their target price on Bain Capital Specialty Finance from $17.00 to $18.00 and gave the company a "market perform" rating in a 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.