Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
22 February 2007Website:
http://www.barings.comNext earnings report:
09 August 2024Last dividends:
05 June 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:18:39 GMTAnalysts recommendations
Institutional Ownership
BBDC Latest News
24/7 Insights Dividend stocks offer investors the opportunity to increase investment total return.
24/7 Insights Investors love dividends, but selecting the right ones can be a challenge.
We take a look at BDC BBDC, which trades at a 16% discount to book with a 10.8% dividend yield and 11.6% net investment income yield. BBDC has performed in line with the sector over the last few years. BBDC offers a margin of safety with a market-performing portfolio and a significantly lower than average valuation.
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Weak asset quality, high rates and macroeconomic woes are likely to hurt Zacks SBIC & Commercial Finance industry players like Bain Capital (BCSF), Barings BDC (BBDC) and Crescent Capital (CCAP). Yet, decent financing demand across sectors is likely to aid.
In the stock market, everyone seeks hidden treasures and high-return opportunities. The exertion for under-$10 stocks with dividends often yields progressive results.
Barings BDC (BBDC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.34 per share a year ago.
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Barings BDC is a promising BDC with potential for re-rating upside. The BDC has suffered an increase in non-accruals, leading to a negative attitude and a 20% discount to net asset value. Barings BDC has raised its dividend twice in 2023 and has solid dividend coverage, indicating potential for a dividend increase in 2024.
Barings BDC is paying out a $0.29 per share quarterly dividend that was 119% covered by its fiscal 2023 third quarter net investment income. This amounts to an 11.6% dividend yield, with the commons also trading at a 20% discount to net asset value. The BDC has been buying back shares since March of 2023 to try and close a discount to NAV that has stayed sticky.
- 1(current)
What type of business is Barings BDC?
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries. It specializes in mezzanine, leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies. It invests in manufacturing and distribution; business services and technology; transportation and logistics; consumer product and services. It invests in United States. It invests in companies with EBITDA of $10 million to $75 million, typically in private equity sponsor backed. Barings BDC, Inc. Barings BDC, Inc. was incorporated on October 10, 2006 and is based in Charlotte, North Carolina with an additional office in Raleigh, North Carolina.
What sector is Barings BDC in?
Barings BDC is in the Financial Services sector
What industry is Barings BDC in?
Barings BDC is in the Asset Management industry
What country is Barings BDC from?
Barings BDC is headquartered in United States
When did Barings BDC go public?
Barings BDC initial public offering (IPO) was on 22 February 2007
What is Barings BDC website?
https://www.barings.com/en-us/guest/funds/barings-bdc
Is Barings BDC in the S&P 500?
No, Barings BDC is not included in the S&P 500 index
Is Barings BDC in the NASDAQ 100?
No, Barings BDC is not included in the NASDAQ 100 index
Is Barings BDC in the Dow Jones?
No, Barings BDC is not included in the Dow Jones index
When does Barings BDC report earnings?
The next expected earnings date for Barings BDC is 09 August 2024