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Sep 30, 2024
Barings BDC Q3 2024 Earnings Report
Reported financial and operating results for the third quarter of 2024 and announced a quarterly cash dividend of $0.26 per share.
Key Takeaways
Barings BDC reported a net investment income well above the dividend, strong credit metrics, and NAV that is above where it was at the end of last year. The company made 11 new investments totaling $88.4 million and investments in existing portfolio companies totaling $36.6 million.
Net investment income was $30.2 million, or $0.29 per share.
Net increase in net assets resulting from operations was $22.0 million, or $0.21 per share.
NAV per share as of September 30, 2024 was $11.32, as compared to $11.36 as of June 30, 2024.
The Company declared a quarterly cash dividend of $0.26 per share.
Forward Guidance
Barings BDC believes it is well positioned for what it expects to be a more active environment, particularly given its strong sponsor relationships and ample liquidity.
Positive Outlook
- The Company continues to deliver attractive returns.
- The Company is executing its disciplined investment strategy.
- The Company is focused on Barings-originated, senior secured loans.
- The Company is investing in competitively advantaged middle market companies.
- The Company has rigorously analyzed and conservatively underwritten investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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