Barings BDC Inc (NASDAQ:BBDC) announced a quarterly dividend on Friday, October 12th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.10 per share on Friday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Barings BDC’s previous quarterly dividend of $0.03.
Barings BDC has a payout ratio of 121.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
NASDAQ:BBDC opened at $9.97 on Friday. Barings BDC has a 52 week low of $9.31 and a 52 week high of $12.40.
In other news, insider Paul John Thompson purchased 12,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were purchased at an average price of $10.20 per share, for a total transaction of $122,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Barings Llc purchased 63,209 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $9.93 per share, for a total transaction of $627,665.37. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,509,532 shares of company stock worth $15,207,091.
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About Barings BDC
Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.
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