Barings BDC Q4 NII $0.31/share, full-year $1.19; declares $0.26 dividend

Barings BDC, Inc.

2023-FY EPS reported $1.19

Q4 net investment income $33.4M ($0.31/sh); total investment income $75.8M; net increase in net assets $29.9M ($0.28/sh).
Full-year 2023 NII $127.8M ($1.19/sh); NAV per share rose to $11.28 from $11.05 a year ago.
Quarterly cash dividend declared $0.26/sh, payable Mar 13, record Mar 6.
Issued $300M senior unsecured notes at 7%, due 2029; net debt-to-equity improved to 1.15x.
Board authorized new $30M share repurchase program (through Feb 2025); 1.85M shares already repurchased at avg $7.99.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Barings BDC, Inc. reported quarter and year ended December 31, 2023 results: net income net increase in net assets resulting from operations of $29.9 million, EPS $0.28.

Period: quarter and year ended December 31, 2023
Net income: net increase in net assets resulting from operations of $29.9 million
EPS: $0.28
Result: reported results

Exact text from the filing

On February 22, 2024 , Barings BDC, Inc. (the “Company” or “Barings BDC”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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Barings BDC, Inc. filing history →

Source: SEC EDGAR

accession 0001379785-24-000014

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