Bain Capital Specialty Finance (BCSF) Declares $0.38 Quarterly Dividend; 13.4% Yield
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Bain Capital Specialty Finance, Inc. Announces March 31, 2023 Financial Results and Declares Second Quarter 2023 Dividend of $0.38 per Share
May 9, 2023 5:16 PM EDTBOSTON--(BUSINESS WIRE)-- Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the Company, our or we) today announced financial results for the first quarter ended March 31, 2023, and that its Board of Directors has declared a dividend of $0.38 per share for the second quarter of 2023.
Our first quarter earnings demonstrated strong investment income benefitting from higher base rates and spreads across our portfolio of largely senior secured, floating rate loans and continued credit stability across our diversified portfolio, said Michael Ewald, Chief Executive Officer of BCSF. Our results produced strong net investment income coverage of our dividend as well as NAV growth for... More
