---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-22-000007"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:22:08.480675+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Barings BDC reports Q4 NII $0.23/shr, raises quarterly dividend to $0.23

## Summary
- Q4 2021 net investment income of $15.2M ($0.23/shr), revenue $36.6M.
- Full-year 2021 NII $59.0M ($0.90/shr); NAV per share was $11.36 as of Dec 31.
- Declared Q1 2022 dividend of $0.23/shr, up 4.5% from prior $0.22 quarter.
- Investment portfolio grew to $1.80B; deployed $1.15B in middle-market investments in 2021.
- Debt-to-equity ratio 1.86x; closed acquisition of a lender and announced merger with Sierra Income.

## SEC filing metadata
- accession: 0001379785-22-000007
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000137978522000007/0001379785-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978522000007/earnings8-k20220223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-22-000007
- JSON: https://secwatch.observer/filing/0001379785-22-000007.json
- Plain text: https://secwatch.observer/filing/0001379785-22-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.