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

Barings BDC Inc (NASDAQ:BBDC) declared a quarterly dividend on Friday, October 12th, Wall Street Journal reports. Investors 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 3.99%. The ex-dividend date is Thursday, December 13th. This is a boost from Barings BDC’s previous quarterly dividend of $0.03.

NASDAQ BBDC traded down $0.01 on Friday, reaching $10.02. The stock had a trading volume of 338,285 shares, compared to its average volume of 422,596. Barings BDC has a 1-year low of $8.91 and a 1-year high of $13.97.

Barings BDC (NASDAQ:BBDC) last issued its quarterly earnings data on Friday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07).

In other Barings BDC news, insider Barings Llc acquired 71,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The stock was acquired at an average cost of $10.12 per share, for a total transaction of $725,604.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer Christopher Cary acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were acquired at an average price of $10.01 per share, with a total value of $60,060.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 322,379 shares of company stock worth $3,254,270.

A number of brokerages have commented on BBDC. Zacks Investment Research lowered Barings BDC from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James raised Barings BDC from an “underperform” rating to an “outperform” rating in a report on Tuesday, September 11th.

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.

Featured Story: What Is An Exchange-Traded Fund (ETF)?

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's FREE daily email newsletter.

Leave a Reply