Barings BDC Inc (BBDC) Increases Dividend to $0.10 Per Share

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.

A number of equities research analysts have recently commented on the stock. Raymond James upgraded shares of Barings BDC from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 11th. Zacks Investment Research cut shares of Barings BDC from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, TheStreet cut shares of Barings BDC from a “c-” rating to a “d+” rating in a report on Thursday, November 29th.

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.

ILLEGAL ACTIVITY WARNING: This article was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.chaffeybreeze.com/2018/12/08/barings-bdc-inc-bbdc-increases-dividend-to-0-10-per-share.html.

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.

Read More: Understanding the different types of bonds

Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply