Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Shareholders to Collect $0.42 Quarterly Dividend

by · The Markets Daily

Bain Capital Specialty Finance, Inc. (NYSE:BCSF – Get Free Report) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.42 per share on Tuesday, December 29th. This represents a $1.68 annualized dividend and a dividend yield of 15.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

Bain Capital Specialty Finance has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Bain Capital Specialty Finance has a payout ratio of 101.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Bain Capital Specialty Finance to earn $1.40 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 120.0%.

Bain Capital Specialty Finance Trading Down 1.5%

NYSE BCSF opened at $10.98 on Tuesday. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 1.39. Bain Capital Specialty Finance has a 1-year low of $9.99 and a 1-year high of $14.70. The firm’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $12.38. The company has a market capitalization of $712.14 million, a PE ratio of 11.09 and a beta of 0.59.

Bain Capital Specialty Finance (NYSE:BCSF – Get Free Report) last released its quarterly earnings data on Monday, November 9th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $39.71 million during the quarter, compared to analysts’ expectations of $61.03 million. Bain Capital Specialty Finance had a return on equity of 10.40% and a net margin of 24.22%. As a group, sell-side analysts anticipate that Bain Capital Specialty Finance will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BCSF shares. Noble Financial started coverage on shares of Bain Capital Specialty Finance in a report on Friday, September 18th. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods cut shares of Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $15.00 to $13.00 in a report on Monday, August 17th. Loop Capital set a $12.50 target price on shares of Bain Capital Specialty Finance in a research report on Friday, September 18th. Wells Fargo & Company cut their target price on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Finally, Jefferies Financial Group set a $13.00 target price on Bain Capital Specialty Finance in a report on Monday, August 17th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Bain Capital Specialty Finance has a consensus rating of “Hold” and a consensus price target of $12.60.

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About Bain Capital Specialty Finance

(Get Free Report)

Bain Capital Specialty Finance, Inc (NYSE: BCSF) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt investments, with an emphasis on senior secured loans, including first-lien and unitranche facilities. It may also invest in second-lien debt and, to a lesser extent, equity securities.

BCSF seeks to support companies that are generally sponsored by private equity firms and operates across a range of industries.

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