Why BDC Dividend Cuts Matter Less Than You Think

System-wide BDC dividend cuts are highly likely as base dividend coverage averages 99% and growth is constrained. As a result, many BDC investors have decided to sit on the sidelines until the expected dividend cuts materialize. The idea is that a cut will lead to a negative share price reaction and thus provide a better opportunity to buy at a bargain price.

Seeking Alpha • 10 hours ago

The ABCs Of BDC Risk

There are multiple risks for your BDC investments now and three that specifically create risk for certain BDCs. Business development companies offer high yields but carry significant, often misunderstood risks, especially in falling interest rate environments. Volatile interest rates can damage BDC profitability and distributable income, causing dividend cuts and share price declines.

Seeking Alpha • Feb 23, 2026

Barings BDC Inc (BBDC) Q4 2025 Earnings Call Transcript

Barings BDC Inc (BBDC) Q4 2025 Earnings Call Transcript

Seeking Alpha • Feb 20, 2026

Barings BDC, Inc. Reports Fourth Quarter and Full Year 2025 Results and Announces Quarterly Cash Dividend of $0.26 Per Share

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) today reported its financial and operating results for the fourth quarter and full year of 2025 and announced that the Company's Board of Directors (the “Board”) declared a quarterly cash dividend of $0.26 per share. Highlights    Income Statement Three Months Ended December 31, 2025 Three Months Ended September 30, 2025 Full Year Ended December 31, 2025 (dollars in millions, except per share data).

Business Wire • Feb 19, 2026

Barings BDC (BBDC) Q4 Earnings Surpass Estimates

Barings BDC (BBDC) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a year ago.

Zacks Investment Research • Feb 20, 2026

Barings BDC, Inc. Announces Conference Call to Discuss Fourth Quarter and Full Year 2025 Results

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2025 on Thursday, February 19, 2026, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its fourth quarter and fiscal year ended December 31, 2025 financial results for Friday, February 20, 2026, at 9:00 a.m. ET. To listen to the call, please dial 87.

Business Wire • Jan 20, 2026

The Biggest Bargain And The Most Expensive Lottery Ticket I See In The BDC Space

BDC sector valuations remain depressed, with P/NAV metrics under 1x due to falling rates and credit risk concerns. Dividend sustainability is diverging across BDCs; not all will cut, but the ones with sustainable dividends do not automatically have strong total return prospects. I highlight one BDC as a compelling bargain with strong total return prospects and contrast it with another viewed as highly overpriced.

Seeking Alpha • Jan 7, 2026

Barings BDC: 11% Yield And 19% Discount Make It A Buy

Barings BDC offers an 11.5% dividend yield and trades at a 0.81x price-to-NAV, well below peers and historical averages. BBDC's portfolio is primarily first-lien secured, with low non-accruals and strong credit quality, supported by the company's origination platform. It has a 123% dividend coverage ratio and $0.65/share in spillover income, providing additional cushion.

Seeking Alpha • Jan 1, 2026

Barings BDC: Excessive NAV Discount

Barings BDC offers a first-lien focused portfolio with strong origination and asset quality. BDC trades at a 19% discount to NAV despite covering its 11.6% yield with net investment income. The BDC's portfolio grew 5% year-over-year, with non-accruals well below 1%, highlighting balance sheet strength.

Seeking Alpha • Dec 31, 2025

Barings BDC: It Is Time To Enter This 11.7% Yielder

Barings BDC Inc has entered a deep discount territory. At the same time, BBDC's 11.7% dividend is supported by one of the strongest base dividend coverage levels in the BDC game. In Q3, 2025, we also noticed a manifestation of BBDC's hidden strength - competitive fee structure.

Seeking Alpha • Dec 26, 2025