2024-02-07 05:37:48 ET
Summary
- Barings BDC is a promising BDC with potential for re-rating upside.
- The BDC has suffered an increase in non-accruals, leading to a negative attitude and a 20% discount to net asset value.
- Barings BDC has raised its dividend twice in 2023 and has solid dividend coverage, indicating potential for a dividend increase in 2024.
Barings BDC Inc. (BBDC) is a promising, externally-managed publicly-traded BDC with re-rating upside....
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Barings BDC: A Solidly Covered 11.7% Yield And Re-Rating Potential