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5 New Stocks Under $10 That Pay Incredible Ultra Yield Dividends
24/7 Wall Street· 2024-04-20 12:13
5 New Stocks Under $10 That Pay Incredible Ultra Yield Dividends Shutterstock / tech_BG While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the most significant public companies, especially the technology giants, trade at prices up to $1000 per share, while many are in the low to mid-hundreds. It’s hard to get decent share count leverage at those steep prices.Many investor ...
3 SBIC & Commercial Finance Stocks to Buy Amid Grim Industry Prospects
Zacks Investment Research· 2024-03-15 14:21
The Zacks SBIC & Commercial Finance industry will continue to benefit from favorable regulatory changes and decent demand for personalized financing solutions.However, gradual deterioration in asset quality because of prolonged high rates and economic slowdown will hurt industry players’ financials. Increased competition and portfolio companies’ difficulty in servicing debt are other major headwinds being faced by the industry. Yet, a few names, like Bain Capital Specialty Finance, Inc. (BCSF) , Barings BDC ...
3 Under-$10 Stocks With Sky-High Dividend Returns
InvestorPlace· 2024-03-05 16:05
In the stock market, everyone seeks hidden treasures and high-return opportunities. The exertion for under-$10 stocks with dividends often yields progressive results. These three solid contenders, each wielding unique strategies and strengths, defy conventionalism.On the list, the first one emerges as a raptor in asset management, suggesting portfolio growth with resilience amidst market ups and downs. The company has a penchant for equity co-investments. Its edge in deal sourcing and execution builds a pat ...
Barings(BBDC) - 2023 Q4 - Earnings Call Transcript
2024-02-23 21:45
Barings BDC, Inc. (NYSE:BBDC) Q4 2023 Earnings Conference Call February 23, 2024 9:00 AM ET Company Participants Joe Mazzoli - Head of Investor Relations Eric Lloyd - Chief Executive Officer Ian Fowler - Co-Head of Global Private Finance and President Elizabeth Murray - Chief Financial Officer Matt Freund - Co-Portfolio Manager Bryan High - Co-Portfolio Managers Conference Call Participants Finian O’Shea - Wells Fargo Securities Kyle Joseph - Jefferies Robert Dodd - Raymond James Casey Alexander - Compass P ...
Barings BDC (BBDC) Tops Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-23 00:36
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this business development company would post earnings of $0.31 per share when it actually produced earnings of $0.31, delivering no surprise.Over the last four quarters, the c ...
Barings(BBDC) - 2023 Q4 - Annual Report
2024-02-22 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 814-00733 Barings BDC, Inc. (Exact name of registrant as specified in its charter) Maryland 06-1798488 (State or other jurisdiction of in ...
Want $2000 in Passive Income? Invest $2500 in These 6 BDCs
24/7 Wall Street· 2024-02-18 14:30
Core Viewpoint - The article emphasizes the potential of generating passive income through investments in business development companies (BDCs) that offer substantial dividends, highlighting six specific BDC stocks that can collectively yield over $2,000 annually from a $15,000 investment [2][21]. Summary by Company - **Barings BDC Inc. (NYSE: BBDC)** - Investment of $2,500 yields an annual passive income of $295.00 with a dividend yield of 11.8% - Focuses on private middle-market companies across various industries including manufacturing, technology, and consumer services [4]. - **BlackRock TCP Capital Corp. (NASDAQ: TCPC)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Invests in diverse sectors such as communication services, healthcare, and biotechnology [7]. - **Fidus Investment Corp. (NASDAQ: FDUS)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Specializes in sectors like aerospace, healthcare, and IT services, with a consistent increase in dividends since September 2022 [10]. - **Runway Growth Finance Corp. (NASDAQ: RWAY)** - Investment of $2,500 yields an annual passive income of $335.00 with a dividend yield of 13.4% - Primarily invests in technology and life sciences sectors, maintaining dividends since its IPO in 2021 [13]. - **Saratoga Investment Corp. (NYSE: SAR)** - Investment of $2,500 yields an annual passive income of $312.50 with a dividend yield of 12.5% - Focuses on leveraged buyouts and growth financings across various industries, with dividends increasing since summer 2022 [16]. - **Trinity Capital Inc. (NASDAQ: TRIN)** - Investment of $2,500 yields an annual passive income of $360.00 with a dividend yield of 13.4% - Specializes in venture debt for growth-stage companies and has seen variable dividends since its IPO [19]. Total Investment Summary - A total investment of $15,000 across these six BDC stocks can generate an annual passive income of $2,072.50 [22].
Barings BDC: A Solidly Covered 11.7% Yield And Re-Rating Potential
Seeking Alpha· 2024-02-07 10:37
Core Viewpoint - Barings BDC Inc. is currently undervalued with a 22% discount to net asset value, which is considered excessive given its strong dividend coverage and potential for future dividend increases [2][19] Group 1: Financial Performance - Barings BDC's net investment income increased by 21% year-over-year in Q3 2023, driven by rising interest rates [10] - The company raised its dividend twice in 2023, with a current quarterly payout of $0.26 per share, and has a payout ratio of 83% based on earnings of $1.21 per share [12][19] - Preliminary figures for Q4 2023 suggest a net investment income per share between $0.30 and $0.32, indicating a well-covered dividend payout ratio of 81-87% [14] Group 2: Portfolio Composition - At the end of Q3 2023, 67% of Barings BDC's investments were in First Liens, 7% in Second Liens, and 14% in Equity, with a total portfolio value of $2.52 billion [3] - The portfolio primarily includes investments in the Finance, Business, and Services industries, along with other sectors such as Healthcare and Aerospace [7] Group 3: Non-Accruals and Market Sentiment - Barings BDC's non-accrual ratio rose to 1.6% in Q3 2023 from 1.1% in Q4 2022, which has contributed to a negative market sentiment despite the overall good performance [8][16] - The increase in non-accruals has led to a perception of risk, but the actual performance metrics suggest that the situation is manageable and presents a potential buying opportunity [17][19] Group 4: Future Outlook - The company's floating-rate exposure means that its net investment income is closely tied to the central bank's interest rate decisions, with expectations of three rate cuts in 2024 [18] - Given the current discount to net asset value and the potential for dividend increases, Barings BDC is positioned for a positive re-rating if credit quality improves [19]
Barings BDC, Inc. Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results
Businesswire· 2024-01-18 11:15
Core Viewpoint - Barings BDC, Inc. will report its financial results for the fourth quarter and fiscal year ended December 31, 2023, on February 22, 2024, with a conference call scheduled for February 23, 2024, at 9:00 a.m. ET [1][2] Company Overview - Barings BDC, Inc. is a publicly traded, externally managed investment company that operates as a business development company under the Investment Company Act of 1940 [3] - The company primarily invests in senior secured loans in middle-market companies across various industries [3] - Barings BDC's investment activities are managed by Barings LLC, which has over $381 billion in assets under management (AUM) as of December 31, 2023 [3][4] Conference Call Details - The conference call to discuss financial results will be accessible via phone and a live webcast on the investor relations section of Barings BDC's website [1][2] - A taped replay of the call will be available approximately two hours after its conclusion and will remain accessible until March 1, 2024 [1][2]
Barings(BBDC) - 2023 Q3 - Earnings Call Transcript
2023-11-10 15:39
Barings BDC Inc (NYSE:BBDC) Q3 2023 Earnings Conference Call November 10, 2023 9:00 AM ET Company Participants Eric Lloyd - Executive Chairman and Chief Executive Officer Ian Fowler - Co-Head, Global Private Finance and President Elizabeth Murray - Chief Financial Officer Matt Freund - Co-Portfolio Manager Bryan High - Co-Portfolio Manager Conference Call Participants Kyle Joseph - Jefferies Robert Dodd - Raymond James Casey Alexander - Compass Point Operator Greetings. At this time, I would like to welcome ...