Bain Capital Specialty Finance: I Am Getting 11.4% Yield On My Last Purchase

PixelimageBain Capital Specialty Finance Inc. (NYSE:BCSF) is a well-managed BDC with substantial excess dividend coverage that could translate into a significant excess cash return potential in 2024. The BDC raised its dividend twice last year and though the investment portfolio is shrinking, due to higher repayments and headwinds to originations in a high-rate environment, Bain Capital Specialty Finance’s net investment income is more than sufficient to allow for a drastic dividend raise this year. Wit ...