Barings BDC, Inc. (NYSE:BBDC) will begin trading ex-dividend on November 24, 2020. The quarterly dividend payment of $ 0.17 per share is scheduled to be paid on December 2, 2020. The dividend yield based on the latest trading day closing price was 7.84 percent. Shareholders who purchased BBDC shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Barings BDC, Inc. recently reported third quarter financial results on November 9, 2020, after market close, the Charlotte based company revealed income for the third quarter of $ 0.17 per share, from the revenue of $ 16.33 million. The quarterly earnings increased 6.25 percent while revenues fell 15.39 percent compared with the same quarter last year.
Street analysts expected Barings BDC, Inc. recently reported third quarter financial results on November 9, 2020, after market close, the Charlotte based company to report income of $ 0.15 per share on revenue of $ 16.30 million for the third quarter. The bottom line results beat street analysts by $ 0.02 or 13.33 percent, at the same time, top line results outshined analysts by $ 0.03 million or 0.18 percent.
Stock Performance
Shares of Barings BDC, Inc. traded up $ 0.23 or 2.73 percent on Thursday, reaching $ 8.67 with volume of 339.20 thousand shares. Barings BDC, Inc. has traded high as $ 8.70 and has cracked $ 8.42 on the downward trend
According to the previous trading day, closing price of $ 8.67, representing a 80.73 % increase from the 52 week low of $ 4.67 and a 20.3 % decrease over the 52 week high of $ 10.59.
The company has a market capital of $ 415.83 million and is part of the Financial Services sector and Credit Services industry.
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.
