Barings BDC Inc (BBDC) Plans Dividend Increase – $0.10 Per Share

Barings BDC Inc (NYSE:BBDC) declared a quarterly dividend on Thursday, October 11th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.10 per share on Friday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, December 13th. This is a boost from Barings BDC’s previous quarterly dividend of $0.03.

Shares of BBDC stock opened at $9.97 on Friday. Barings BDC has a 52-week low of $9.31 and a 52-week high of $12.40. The company has a market capitalization of $511.30 million, a price-to-earnings ratio of 6.43 and a beta of 0.70. The company has a current ratio of 224.44, a quick ratio of 224.44 and a debt-to-equity ratio of 1.25.

BBDC has been the topic of a number of recent research reports. ValuEngine raised shares of Barings BDC from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. National Securities reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Barings BDC in a research note on Tuesday, November 13th. Finally, Raymond James raised shares of Barings BDC from an “underperform” rating to an “outperform” rating in a research note on Tuesday, September 11th.

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About Barings BDC

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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