---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-25-000009"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T08:24:40.107886+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Barings BDC Q4 NII $0.28/share; declares quarterly $0.26 and special $0.15 dividends

## Summary
- Record full year NII $131.2M ($1.24/share); Q4 NII $29.5M ($0.28/share) exceeded quarterly dividend.
- NAV per share $11.29 vs $11.32 prior qtr; non-accrual rate 0.3% of fair value.
- Declared quarterly dividend $0.26/share and special dividends $0.15/share paid in 3 equal installments.
- Board authorized new $30M share repurchase program for 12 months starting March 1, 2025.
- Post-Q4 closed $49.9M new investments; weighted avg yield 9.5% on debt.

## SEC filing metadata
- accession: 0001379785-25-000009
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000137978525000009/0001379785-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978525000009/bbdc-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-25-000009
- JSON: https://secwatch.observer/filing/0001379785-25-000009.json
- Plain text: https://secwatch.observer/filing/0001379785-25-000009.txt

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