BBDC Stock Recent News

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.

A common piece of advice is to work smarter, not harder. One way to do that is with passive income, which comes from ownership rather than labor or active involvement in an enterprise.

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.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2023 on Thursday, February 22, 2024, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its fourth quarter and fiscal year ended December 31, 2023 financial results for Friday, February 23, 2024, at 9:00 a.m. ET. To listen to the call, please dial 87.

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.

In this article, we highlight the key lessons of 2023 for income investors. These include keeping an eye on the Fed cycle, investment vehicle diversification, relative value and tactical opportunities as well as using valuation as the key allocation principle. These lessons are not unique to 2023 and are likely to keep delivering for income investors who take them into account in their allocation.

Buying a business development company (BDCs) is kinda, sorta like investing like a venture capitalist (VC).

We take a look at the action in business development companies through the second week of December and highlight some of the key themes we are watching. BDCs had a good week with a total NAV return above 1%, the best in the broader income market. Price targets for securities may not be reliable indicators for buying decisions.

We discuss various aspects of BBDC, including its holdings, earnings, new business, dividends, taxes, insiders, profitability, leverage, debt, liquidity, and performance. Analysts' price targets and valuations are also mentioned. We rate BBDC a Hold. While its 23% discount to NAV is attractive, we're leery of its lower amount of sponsored investments.

Barings BDC is a business development company that has reported strong quarterly performance and is expected to sustain growth through new investments. The company reported an investment income of $70.84 million, up 25.82% compared to $56.31 million in Q3FY23. Assuming BBDC chooses to keep paying its $0.26 quarterly dividend, it translates to an annual payout of $1.04 or an 11.97% dividend yield.