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Sep 30, 2022
Bain Capital Specialty Finance Q3 2022 Earnings Report
Announced positive third quarter earnings driven by strong interest income and declared a dividend of $0.36 per share for the fourth quarter of 2022.
Key Takeaways
Bain Capital Specialty Finance reported positive third quarter earnings, driven by strong interest income from a diversified portfolio of floating rate loans, benefiting from rising interest rates and portfolio credit stability. The company increased its regular quarterly dividend by 6% to $0.36 per share, reflecting an improved earnings outlook and portfolio strength.
Invested $433.0 million in 59 portfolio companies.
Total investment income was $62.8 million.
Net investment income was $34.1 million or $0.53 per share.
Declared a dividend of $0.36 per share for the fourth quarter of 2022.