Bain Capital Specialty Finance: I Am Getting 11.4% Yield On My Last Purchase [Seeking Alpha]
Bain Capital Specialty Finance, Inc. (BCSF)
Last bain capital specialty finance, inc. earnings: 2/26 04:15 pm
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Source: Seeking Alpha
Despite a shrinking investment portfolio, the BDC's net investment income is sufficient for a substantial dividend raise this year. With an 11% discount to net asset value and an 11.4% yield, there is potential for re-rating and capital appreciation for passive income investors. Bain 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. With a 11% discount to net asset value also available to passive income investors, BCSF also offers some re-rating potential on top of a covered 11.4% yield. My Rating History Bain Capital Specialty Finance imp
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BCSF
News
- Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the First Quarter Ended March 31, 2024Business Wire
- 3 SBIC & Commercial Finance Stocks to Buy Amid Grim Industry Prospects [Yahoo! Finance]Yahoo! Finance
- The Easy Way To Invest Like Private Equity (And Earn 10%+ Dividends) [Forbes]Forbes
- Bain Capital Specialty (BCSF) Moves to Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
BCSF
Earnings
- 2/27/24 - In-Line
BCSF
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form DEF
- 4/10/24 - Form 40-17G
- BCSF's page on the SEC website