Latest news with #BaringsBDC
Yahoo
08-05-2025
- Business
- Yahoo
Barings BDC: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported first-quarter profit of $32.6 million. The Charlotte, North Carolina-based company said it had net income of 31 cents per share. Earnings, adjusted for investment gains, were 25 cents per share. The business development company posted revenue of $64.4 million in the period. Barings BDC shares have declined 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.70, a decline of almost 8% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BBDC at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
08-05-2025
- Business
- Washington Post
Barings BDC: Q1 Earnings Snapshot
CHARLOTTE, N.C. — CHARLOTTE, N.C. — Barings BDC, Inc. (BBDC) on Thursday reported first-quarter profit of $32.6 million. The Charlotte, North Carolina-based company said it had net income of 31 cents per share. Earnings, adjusted for investment gains, were 25 cents per share. The business development company posted revenue of $64.4 million in the period.
Business Wire
08-05-2025
- Business
- Business Wire
Barings BDC, Inc. Reports First Quarter 2025 Results and Announces Quarterly Cash Dividend of $0.26 Per Share
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) ('Barings BDC' or the 'Company') today reported its financial and operating results for the first quarter of 2025 and announced that the Company's Board of Directors (the 'Board') declared a quarterly cash dividend of $0.26 per share. Highlights (1) Based on weighted average shares outstanding during the period of 105,373,382. (2) Based on weighted average shares outstanding during the period of 105,523,884. Expand First Quarter 2025 Results Commenting on the quarter, Eric Lloyd, Chief Executive Officer of Barings BDC, stated, 'We delivered solid portfolio performance in the first quarter, with stable NAV after higher repayments in the prior sequential quarter. BBDC has preserved strong credit quality with total non-accruals coming in at 0.6% of our portfolio on a fair value basis, outpacing industry averages. Subsequent to quarter end, we advanced our goal of rotating into income producing assets by terminating our MVC CSA with Barings in exchange for a payment of $23 million which we intend to deploy into attractive investment opportunities. The willingness of our manager, Barings, to pay this amount in full earlier than required, serves as yet another demonstration of unparalleled alignment. BBDC has over $420 million of investable dry powder and the power of the broader Barings platform providing scale and enabling global insights to drive future portfolio performance. Looking ahead, we believe our team is equipped to navigate the full gamut of economic scenarios we may face, selectively actioning our global pipeline as the operating landscape evolves.' During the three months ended March 31, 2025, the Company reported total investment income of $64.4 million, net investment income of $26.4 million, or $0.25 per share, and a net increase in net assets resulting from operations of $32.6 million, or $0.31 per share. Net asset value ('NAV') per share as of both March 31, 2025 and December 31, 2024 was $11.29. During the three months ended March 31, 2025 the NAV per share activity was primarily attributed to net unrealized appreciation on the Company's investment portfolio, credit support agreements, foreign currency transactions and forward currency contracts of approximately $0.07 per share, partially offset by the Company's payment of a first quarter special dividend of $0.05 per share, the Company's first quarter regular dividend exceeding net investment income by $0.01 per share, and net realized loss on investments, foreign currency transactions and forward currency contracts of $0.01 per share. Recent Portfolio Activity During the three months ended March 31, 2025, the Company made 14 new investments totaling $128.2 million and made investments in existing portfolio companies totaling $78.7 million. The Company had 10 loans repaid totaling $66.1 million and recognized a net realized loss on these transactions of $10.2 million. The Company also received $33.9 million of portfolio company principal payments and sales proceeds and recognized a net realized loss on these transactions of $0.4 million. The Company received $5.2 million of return of capital from joint ventures, equity, and royalty rights investments. Lastly, the Company received proceeds related to the sales and exits of equity investments totaling $1.1 million and recognized a net realized loss on such sales totaling $7.1 million. During the three months ended March 31, 2025, the Company recorded net unrealized appreciation totaling $7.3 million, consisting of net unrealized appreciation on the Company's current portfolio of $17.0 million, net unrealized appreciation reclassification adjustments of $16.9 million related to the net realized losses on the sales / exits of certain investments, unrealized appreciation of $3.8 million on the MVC credit support agreement with Barings LLC ('Barings'), and unrealized appreciation of $0.6 million on the Sierra credit support agreement with Barings, partially offset by net unrealized depreciation related to forward currency contracts of $22.3 million, net unrealized depreciation related to foreign currency transactions of $7.8 million and deferred taxes of $1.0 million. The net unrealized appreciation on our current portfolio of $17.0 million was driven primarily by the impact of foreign currency exchange rates on investments of $14.8 million and broad market moves for investments of $7.9 million, partially offset by the credit or fundamental performance of investments of $5.7 million. Liquidity and Capitalization As of March 31, 2025, the Company had cash and foreign currencies of $100.6 million (including restricted cash of $7.3 million), $497.3 million of borrowings outstanding under its $825.0 million senior secured credit agreement, $1,025.0 million aggregate principal amount of unsecured notes outstanding and a net payable from unsettled transactions of $46.7 million. Share Repurchase Program On February 20, 2025, the Board authorized a new 12-month share repurchase program. Under the program, the Company may repurchase, during the 12-month period commencing on March 1, 2025, up to $30.0 million in the aggregate of its outstanding common stock in the open market at prices below the then-current NAV per share. The timing, manner, price and amount of any share repurchases will be determined by the Company, in its discretion, based upon the evaluation of economic and market conditions, the Company's stock price, applicable legal, contractual and regulatory requirements and other factors. The program is expected to be in effect until March 1, 2026, unless extended or until the aggregate repurchase amount that has been approved by the Board has been expended. The program does not require the Company to repurchase any specific number of shares, and the Company cannot assure stockholders that any shares will be repurchased under the program. The program may be suspended, extended, modified or discontinued at any time. During the three months ended March 31, 2025, the Company repurchased a total of 150,000 shares of its common stock in the open market under the program at an average price of $9.67 per share, including brokerage commissions. Dividend Information The Board declared a quarterly cash dividend of $0.26 per share, which, together with the previously declared special dividend payable during the second quarter of 2025 in the amount of $0.05 per share, is payable as follows: Dividend Reinvestment Plan Barings BDC has adopted a dividend reinvestment plan ('DRIP') that provides for reinvestment of dividends and distributions on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, when the Company declares a cash dividend or distribution, stockholders who have not opted out of the DRIP will have their cash dividends or distributions automatically reinvested in additional shares of the Company's common stock, rather than receiving cash. When the Company declares and pays dividends and distributions, it determines the allocation of the distribution between current income, accumulated income, capital gains and return of capital on the basis of accounting principles generally accepted in the United States ('GAAP'). At each year end, the Company is required for tax purposes to determine the allocation based on tax accounting principles. Due to differences between GAAP and tax accounting principles, the portion of each dividend distribution that is ordinary income, capital gain or return of capital may differ for GAAP and tax purposes. The tax status of the Company's distributions can be found on the Investor Relations page of its website. Subsequent Events Subsequent to March 31, 2025, the Company made approximately $130.3 million of new commitments, of which $106.5 million closed and funded. The $106.5 million of investments consists of $71.2 million of first lien senior secured debt investments, $33.8 million of second lien senior secured debt investments, $1.2 million of subordinated debt investments and $0.3 million of equity investments. The weighted average yield of the debt investments was 10.6%. In addition, the Company funded $12.4 million of previously committed revolvers and delayed draw term loans. On May 8, 2025, the Company entered into the Termination and Cancellation Agreement (the 'Termination Agreement') with Barings to terminate all rights and obligations under the MVC credit support agreement in exchange for Barings' cash payment, on or prior to June 30, 2025, of $23.0 million to the Company, which amount represents Barings' maximum obligation under the MVC credit support agreement. Conference Call to Discuss First Quarter 2025 Results Barings BDC has scheduled a conference call to discuss first quarter 2025 financial and operating results for Friday, May 9, 2025, at 9:00 a.m. ET. To listen to the call, please dial 877-407-8831 or 201-493-6736 approximately 10 minutes prior to the start of the call. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until May 15, 2025. To access the replay, please dial 877-660-6853 or 201-612-7415 and enter conference ID 13750210. This conference call will also be available via a live webcast on the investor relations section of Barings BDC's website at Access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company's website until May 15, 2025. Forward-Looking Statements Statements included herein or on the webcast/conference call may constitute 'forward-looking statements,' which relate to future events or Barings BDC's future performance or financial condition. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect management's current estimates, projections, expectations or beliefs, and which are subject to risks and uncertainties that may cause actual results to differ materially. Forward-looking statements include, but are not limited to, the Company's projected net investment income and earnings, the Company's distribution levels and frequency of distributions, the Company's share repurchase activity and investment activity, and the ability of Barings to manage Barings BDC and identify investment opportunities, all of which are subject to change at any time based upon economic, market or other conditions, and may not be relied upon as investment advice or an indication of Barings BDC's trading intent. More information on the risks and other potential factors that could affect Barings BDC's financial results and future events, including important factors that could cause actual results or events to differ materially from plans, estimates or expectations included herein or discussed on the webcast/conference call, is included in Barings BDC's filings with the Securities and Exchange Commission, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of Barings BDC's most recently filed annual report on Form 10-K, as well as in subsequent filings, including Barings BDC's quarterly reports on Form 10-Q. In addition, there is no assurance that Barings BDC or any of its affiliates will purchase additional shares of Barings BDC at any specific discount levels or in any specific amounts. There is no assurance that the market price of Barings BDC's shares, either absolutely or relative to NAV, will increase as a result of any share repurchases, or that any repurchase plan will enhance stockholder value over the long term. Non-GAAP Financial Measures To provide additional information about the Company's results, the Company's management has discussed in this press release the Company's net debt (calculated as (i) total debt less (ii) unrestricted cash and foreign currencies (excluding restricted cash) net of net payables/receivables from unsettled transactions) and its net debt-to-equity ratio (calculated as net debt divided by total net assets), which are not prepared in accordance with GAAP. These non-GAAP measures are included to supplement the Company's financial information presented in accordance with GAAP and because the Company uses such measures to monitor and evaluate its leverage and financial condition and believes the presentation of these measures enhances investors' ability to analyze trends in the Company's business and to evaluate the Company's leverage and ability to take on additional debt. However, these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for analysis of the Company's financial results as reported under GAAP. These non-GAAP measures are not in accordance with, or an alternative to, measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These measures should only be used to evaluate the Company's results of operations in conjunction with their corresponding GAAP measures. Pursuant to the requirements of Item 10(e) of Regulation S-K, as promulgated under the Securities Exchange Act of 1934, as amended, the Company has provided a reconciliation of these non-GAAP measures in the last table included in this press release. About 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. Barings BDC seeks to invest primarily in senior secured loans in middle-market companies that operate across a wide range of industries. Barings BDC's investment activities are managed by its investment adviser, Barings, a leading global asset manager based in Charlotte, NC with $442+ billion* of AUM firm-wide. For more information, visit About Barings LLC Barings is a $442+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at *Assets under management as of March 31, 2025 Barings BDC, Inc. Consolidated Balance Sheets (in thousands, except share and per share data) December 31, 2024 (Unaudited) Assets: Investments at fair value: Non-Control / Non-Affiliate investments (cost of $2,115,174 and $2,033,716 as of March 31, 2025 and December 31, 2024, respectively) $ 2,077,039 $ 1,972,373 Affiliate investments (cost of $396,408 and $382,848 as of March 31, 2025 and December 31, 2024, respectively) 408,937 397,236 Control investments (cost of $99,093 and $106,132 as of March 31, 2025 and December 31, 2024, respectively) 85,252 79,663 Total investments at fair value 2,571,228 2,449,272 Cash (restricted cash of $7,261 and $13,493 as of March 31, 2025 and December 31, 2024, respectively) 87,600 74,381 Foreign currencies (cost of $12,821 and $17,343 as of March 31, 2025 and December 31, 2024, respectively) 13,016 16,958 Interest and fees receivable 37,822 39,914 Prepaid expenses and other assets 1,541 1,745 Credit support agreements (cost of $58,000 as of both March 31, 2025 and December 31, 2024) 67,800 63,450 Derivative assets 3,708 24,816 Deferred financing fees 8,254 8,697 Receivable from unsettled transactions 340 16,427 Total assets $ 2,791,309 $ 2,695,660 Liabilities: Accounts payable and accrued liabilities $ 3,409 $ 5,567 Interest payable 15,473 16,245 Administrative fees payable 349 540 Base management fees payable 8,019 7,888 Incentive management fees payable 7,738 7,871 Derivative liabilities 4,894 9,394 Payable from unsettled transactions 47,075 7,380 Borrowings under credit facility 497,268 438,590 Notes payable (net of deferred financing fees) 1,018,281 1,011,831 Total liabilities 1,602,506 1,505,306 Commitments and contingencies Net Assets: Common stock, $0.001 par value per share (150,000,000 shares authorized, 105,258,938 and 105,408,938 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively) 105 105 Additional paid-in capital 1,845,526 1,846,977 Total distributable earnings (loss) (656,828 ) (656,728 ) Total net assets 1,188,803 1,190,354 Total liabilities and net assets $ 2,791,309 $ 2,695,660 Net asset value per share $ 11.29 $ 11.29 Expand Barings BDC, Inc. Unaudited Consolidated Statements of Operations (in thousands, except share and per share data) Three Months Ended Three Months Ended March 31, 2025 March 31, 2024 Investment income: Interest income: Non-Control / Non-Affiliate investments $ 44,627 $ 53,190 Affiliate investments 873 957 Control investments 120 386 Total interest income 45,620 54,533 Dividend income: Non-Control / Non-Affiliate investments 1,144 1,322 Affiliate investments 9,598 7,155 Total dividend income 10,742 8,477 Fee and other income: Non-Control / Non-Affiliate investments 3,538 3,388 Affiliate investments 32 69 Control investments 3 17 Total fee and other income 3,573 3,474 Payment-in-kind interest income: Non-Control / Non-Affiliate investments 3,748 2,482 Affiliate investments 343 251 Control investments 227 391 Total payment-in-kind interest income 4,318 3,124 Interest income from cash 185 199 Total investment income 64,438 69,807 Operating expenses: Interest and other financing fees 20,196 21,082 Base management fee 8,019 8,279 Incentive management fees 7,738 8,167 General and administrative expenses 1,694 2,676 Total operating expenses 37,647 40,204 Net investment income before taxes 26,791 29,603 Income taxes, including excise tax expense 401 250 Net investment income after taxes $ 26,390 $ 29,353 Expand Barings BDC, Inc. Unaudited Consolidated Statements of Operations — (Continued) (in thousands, except share and per share data) Three Months Ended Three Months Ended March 31, 2025 March 31, 2024 Realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts: Net realized gains (losses): Non-Control / Non-Affiliate investments $ (10,384 ) $ (12,608 ) Control investments (7,347 ) — Net realized gains (losses) on investments (17,731 ) (12,608 ) Foreign currency transactions 1,448 241 Forward currency contracts 15,213 (9,086 ) Net realized gains (losses) (1,070 ) (21,453 ) Net unrealized appreciation (depreciation): Non-Control / Non-Affiliate investments 22,232 8,502 Affiliate investments (1,861 ) 2,795 Control investments 12,629 11,805 Net unrealized appreciation (depreciation) on investments 33,000 23,102 Credit support agreements 4,350 (6,350 ) Foreign currency transactions (7,777 ) 3,516 Forward currency contracts (22,317 ) 15,833 Net unrealized appreciation (depreciation) 7,256 36,101 Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements, foreign currency transactions and forward currency contracts 6,186 14,648 Net increase (decrease) in net assets resulting from operations $ 32,576 $ 44,001 Net investment income per share — basic and diluted $ 0.25 $ 0.28 Net increase (decrease) in net assets resulting from operations per share — basic and diluted $ 0.31 $ 0.41 Dividends / distributions per share: Regular quarterly dividends / distributions $ 0.26 $ 0.26 Special dividends / distributions 0.05 — Total dividends / distributions per share $ 0.31 $ 0.26 Weighted average shares outstanding — basic and diluted 105,373,382 106,038,873 Expand Barings BDC, Inc. Unaudited Consolidated Statements of Cash Flows (in thousands) Three Months Ended Three Months Ended March 31, 2025 March 31, 2024 Cash flows from operating activities: Net increase (decrease) in net assets resulting from operations $ 32,576 $ 44,001 Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: Purchases of portfolio investments (167,244 ) (143,128 ) Repayments received / sales of portfolio investments 122,362 118,008 Loan origination and other fees received 4,161 2,520 Net realized (gain) loss on investments 17,731 12,608 Net realized (gain) loss on foreign currency transactions (1,448 ) (241 ) Net realized (gain) loss on forward currency contracts (15,213 ) 9,086 Net unrealized (appreciation) depreciation on investments (33,000 ) (23,102 ) Net unrealized (appreciation) depreciation of CSAs (4,350 ) 6,350 Net unrealized (appreciation) depreciation on foreign currency transactions 7,777 (3,516 ) Net unrealized (appreciation) depreciation on forward currency contracts 22,317 (15,833 ) Payment-in-kind interest / dividends (6,707 ) (5,800 ) Amortization of deferred financing fees 1,183 1,041 Accretion of loan origination and other fees (2,648 ) (2,419 ) Amortization / accretion of purchased loan premium / discount (718 ) (261 ) Payments for derivative contracts (4,930 ) (11,265 ) Proceeds from derivative contracts 20,143 2,178 Changes in operating assets and liabilities: Interest and fees receivable 4,192 10,729 Prepaid expenses and other assets 205 313 Accounts payable and accrued liabilities (3,328 ) (388 ) Interest payable (813 ) 4,010 Net cash provided by (used in) operating activities (7,752 ) 4,891 Cash flows from financing activities: Borrowings under credit facility 104,000 24,500 Repayments of credit facility (52,844 ) (300,000 ) Proceeds from notes — 300,000 Financing fees paid — (7,122 ) Purchases of shares in repurchase plan (1,451 ) (1,107 ) Cash dividends / distributions paid (32,676 ) (27,577 ) Net cash provided by (used in) financing activities 17,029 (11,306 ) Net increase (decrease) in cash and foreign currencies 9,277 (6,415 ) Cash and foreign currencies, beginning of period 91,339 70,528 Cash and foreign currencies, end of period $ 100,616 $ 64,113 Supplemental Information: Cash paid for interest $ 17,680 $ 15,580 Excise taxes paid during the period $ 3,665 $ 1,700 Expand Barings BDC, Inc. Unaudited Reconciliation of Debt to Net Debt and Calculation of Net Debt-to-Equity Ratio (in thousands, except ratios) March 31, 2025 December 31, 2024 Total debt (principal) $ 1,522,268 $ 1,463,590 minus: Cash and foreign currencies (excluding restricted cash) (93,355 ) (77,846 ) plus: Payable from unsettled transactions 47,075 7,380 minus: Receivable from unsettled transactions (340 ) (16,427 ) Total net debt (1) $ 1,475,648 $ 1,376,697 Total net assets $ 1,188,803 $ 1,190,354 Total net debt-to-equity ratio (1) 1.24x 1.16x (1) See the 'Non-GAAP Financial Measures' section of this press release. Expand
Yahoo
11-04-2025
- Business
- Yahoo
Barings BDC, Inc. (BBDC): One of the High-Dividend Stocks to Invest In Under $10
We recently published a list of the . In this article, we are going to take a look at where Barings BDC, Inc. (NYSE:BBDC) stands against other high-dividend stocks under $10. Investors often favor dividend stocks for their long-term potential, with their appeal stemming from the consistent growth they tend to deliver over time. Ed Yardeni, the President of Yardeni Research, Inc., stated the following about dividends: 'Dividends are like plants: Both grow. But dividends can grow forever, while the size of plants is limited.' Dividend stocks are experiencing renewed interest today as a means to return value to shareholders. In 2022, companies in the broader market paid out a record $565 billion in dividends—the highest amount ever recorded. This comes at a time when interest rates are structurally higher for the first time in decades, making the era of ultra-low borrowing costs seem like a thing of the past. Between 2018 and 2022, investors also weathered three bear markets, each marked by a drop of 20% or more. As some of the biggest companies have grown to enormous sizes —both in terms of revenue and market cap—their ability to sustain high growth rates has naturally declined. Despite slower growth prospects, these companies remain highly profitable, generating more cash than they can effectively reinvest because they are returning it to shareholders through dividends. This is why more and more companies have initiated their dividend policies. In 2024, major tech companies joined the dividend club in an effort to offer both growth and value to shareholders. The tech giants, though offering low yields today, managed to return billions through dividends last year, which is a clear indication of their strong commitment to rewarding investors. S&P Global also highlighted this trend in a recent report, noting that global dividend growth saw a sharp rise in 2024, climbing by an impressive 8.5%. The surge was especially strong in Asia-Pacific, where government policies encouraged companies to shift from annual to semiannual dividend distributions. At the same time, the US market experienced a wave of new and reinstated dividend payments, largely fueled by companies in the technology, media, and telecommunications (TMT) sectors. With the market taking a volatile turn, dividend stocks are in the green, offering a sense of reassurance to investors. The Dividend Aristocrats Index, which tracks the performance of companies with 25 consecutive years of dividend growth, is down by over 4% since the start of 2025, compared with an over 10% decline in the broader market. As a result, analysts remain optimistic about dividend prospects in 2025. According to S&P Global, US total dividend payouts are expected to rise by 7% next year, reaching approximately $784 billion. In recent years—and continuing into the current fiscal year—sectors like energy, pharmaceuticals, financial services, banking, and REITs have played a major role in driving this growth. Given this positive outlook, we will take a look at some of the best dividend stocks under $10 with high yields. A close up view of a bank of computers and wires, showing the complex technology powering the company's financial services. For this article, we screened for dividend stocks under $10, as of the close of April 7. From that list, we identified stocks with high dividend yields and picked 13 stocks with dividend yields over 4%, as recorded on April 8. The stocks are ranked according to their dividends. While high-yield dividend stocks are sometimes seen as signs of weakening financial health, we focused on selecting companies with solid dividend track records and strong balance sheets. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Dividend Yield as of April 8: 13.18% Share Price as of the Close of April 7: $8.15 Barings BDC, Inc. (NYSE:BBDC) ranks sixth on our list of the best dividend stocks with high yields. The North Carolina-based business development company specializes in debt investments in middle-market companies. The company has established itself as a prominent business development company by capitalizing on growth opportunities. Unlike high-risk stocks that may offer higher returns but with more uncertainty, BBDC provides a more stable investment alternative. Its consistent market performance, dependable dividend payouts, and growing net asset value make it a lower-risk option for investors. In the fourth quarter of 2024, Barings BDC, Inc. (NYSE:BBDC) generated a total investment income of $70.6 million, a 6.9% decrease from the same period the previous year. It reported a net investment income of $29.5 million, or $0.28 per share, while its net assets increased by $24.8 million, or $0.24 per share. The company expanded its portfolio by making 15 new investments valued at $137.9 million and committed an additional $156.5 million to existing companies. In addition, it participated in a $3.5 million equity co-investment alongside affiliated entities in a portfolio company that provides financing to plaintiff law firms involved in mass tort and other civil litigation cases. Barings BDC, Inc. (NYSE:BBDC) is confident in its portfolio and, with strong momentum continuing into early 2025, has declared a special dividend of $0.15 per share. This dividend will be paid in three equal quarterly installments starting in March. The company has consistently paid dividends to its shareholders since 2007. It currently offers a quarterly dividend of $0.26 per share and has a dividend yield of 13.18%, as of April 8. Overall, BBDC ranks 6th on our list of the high dividend stocks to invest in under $10. While we acknowledge the potential of BBDC as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than BBDC but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
Associated Press
10-04-2025
- Business
- Associated Press
Barings BDC, Inc. Announces Conference Call to Discuss First Quarter 2025 Results
Barings BDC, Inc. (NYSE: BBDC) ('Barings BDC' or the 'Company') announced today that it will report its financial results for the first quarter ended March 31, 2025 on Thursday, May 8, 2025, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its first quarter 2025 financial results for Friday, May 9, 2025, at 9:00 a.m. ET. To listen to the call, please dial 877-407-8831 or 201-493-6736 approximately 10 minutes prior to the start of the call. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until May 15, 2025. To access the replay, please dial 877-660-6853 or 201-612-7415 and enter conference ID 13750210. Barings BDC's quarterly financial results conference call will also be available via a live webcast on the investor relations section of its website at Access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company's website until May 15, 2025. About Barings BDC, Inc. 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. Barings BDC seeks to invest primarily in senior secured loans in middle-market companies that operate across a wide range of industries. Barings BDC's investment activities are managed by its investment adviser, Barings LLC, a leading global asset manager based in Charlotte, NC with $421+ billion* of AUM firm-wide. For more information, visit About Barings LLC Barings is a $421+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at *Assets under management as of December 31, 2024 SOURCE: Barings BDC, Inc. Copyright Business Wire 2025. PUB: 04/10/2025 06:15 AM/DISC: 04/10/2025 06:17 AM
