Barings BDC, Inc.

BBDC

Financial Services · Asset Management · Stock · quarterly payer

$8.44

Undervalued · +43% Add to Portfolio

Forward Yield

12.32%

Annual Dividend

$1.04

Payout Ratio

127%

5-Yr Growth

12.9%

Ex-Date

Sep 2, 2026

Frequency

Quarterly

Key facts about BBDC's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Barings BDC, Inc. (BBDC) has a forward dividend yield of 12.32%, based on an annual dividend of $1.04 per share and a share price of $8.44.
As of Oct 18, 2026, BBDC's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
By SmarterDividends' count, Barings BDC, Inc. (BBDC) has raised its dividend for 6 consecutive years as of Oct 18, 2026.
BBDC last cut its regular dividend in 2018.
BBDC's most recent ex-dividend date was Sep 2, 2026, for a dividend of $0.26 per share.
As of Oct 18, 2026, BBDC pays out 127% of its trailing 12-month earnings as dividends (its payout ratio).
BBDC's dividend has grown at an average rate of 12.9% a year over the past five years.
As of Oct 18, 2026, BBDC's 12.32% yield is 16% above its five-year average yield of 10.62%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BBDC is $12.04 per share, 43% above the $8.44 share price, so BBDC screens as undervalued.
Barings BDC, Inc. (BBDC) pays its dividend quarterly, 4 times a year.
Barings BDC, Inc. (BBDC) has raised its regular dividend 32 times and cut it 5 times across the 82 payments on record since 2007. Its most recent change was a 16.1% cut to $0.260 per share, going ex-dividend on Dec 3, 2025.

Cite this page

SmarterDividends, "BBDC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BBDC

Summary

As of Oct 18, 2026, Barings BDC, Inc. (BBDC) yields 12.32% ($1.04 a year per share), has a dividend safety grade of D (45/100) and has 6 consecutive years of dividend increases on record.

Is BBDC a good dividend stock?

Mixed

Barings BDC, Inc. (BBDC) pays a quarterly dividend yielding 12.32% ($1.04/yr), with 6 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Strong 12.9% 5-yr dividend growth

Risks

Cut its dividend in 2018
Elevated payout ratio (127%)
Very high yield can signal elevated risk
Share price is down over the past 5 years
Below-average dividend safety score

Key Data

Dividend Yield: 12.32%
Payout Ratio: 127%
Annual Dividend: $1.04
5-Yr Avg Growth: 12.9%
Ex-Dividend Date: Sep 2, 2026
Years of Growth: 6
Frequency: quarterly
Beta: 0.71
Market Cap: $883.7M
P/E Ratio: 10.3
5-Yr Total Return: -22%
52-Week Range: $7.96 – $9.54
Dividend Safety: D · 45/100
Ever Cut?: Yes (2018)

BBDC dividend raises and cuts

Barings BDC, Inc. (BBDC) has raised its regular dividend 32 times and cut it 5 times across the 82 payments on record since 2007. Its most recent change was a 16.1% cut to $0.260 per share, going ex-dividend on Dec 3, 2025.

Ex-date	Change	Old → new	Move
Dec 3, 2025	Cut	$0.310 → $0.260	−16.1%
Mar 5, 2025	Raise	$0.260 → $0.310	+19.2%
Sep 5, 2023	Raise	$0.250 → $0.260	+4.0%
Mar 7, 2023	Raise	$0.240 → $0.250	+4.2%
Jun 7, 2022	Raise	$0.230 → $0.240	+4.3%
Feb 15, 2022	Raise	$0.220 → $0.230	+4.5%
Nov 23, 2021	Raise	$0.210 → $0.220	+4.8%
Sep 7, 2021	Raise	$0.200 → $0.210	+5.0%
Jun 8, 2021	Raise	$0.190 → $0.200	+5.3%
Mar 9, 2021	Raise	$0.170 → $0.190	+11.8%
Nov 24, 2020	Raise	$0.160 → $0.170	+6.3%
Mar 10, 2020	Raise	$0.150 → $0.160	+6.7%

Show all 37 changes since 2007

Ex-date	Change	Old → new	Move
Dec 10, 2019	Raise	$0.140 → $0.150	+7.1%
Sep 10, 2019	Raise	$0.130 → $0.140	+7.7%
Jun 11, 2019	Raise	$0.120 → $0.130	+8.3%
Mar 12, 2019	Raise	$0.100 → $0.120	+20.0%
Dec 13, 2018	Raise	$0.0300 → $0.100	+233.3%
Sep 19, 2018	Cut	$0.300 → $0.0300	−90.0%
Dec 5, 2017	Cut	$0.450 → $0.300	−33.3%
Jun 6, 2016	Cut	$0.540 → $0.450	−16.7%
Mar 7, 2016	Cut	$0.590 → $0.540	−8.5%
Sep 8, 2014	Raise	$0.540 → $0.590	+9.3%
Mar 11, 2013	Raise	$0.530 → $0.540	+1.9%
Dec 10, 2012	Raise	$0.520 → $0.530	+1.9%
Sep 10, 2012	Raise	$0.500 → $0.520	+4.0%
Jun 11, 2012	Raise	$0.470 → $0.500	+6.4%
Dec 12, 2011	Raise	$0.440 → $0.470	+6.8%
Jun 13, 2011	Raise	$0.420 → $0.440	+4.8%
Dec 13, 2010	Raise	$0.410 → $0.420	+2.4%
Oct 6, 2009	Raise	$0.400 → $0.410	+2.5%
Dec 19, 2008	Raise	$0.380 → $0.400	+5.3%
Oct 28, 2008	Raise	$0.350 → $0.380	+8.6%
Aug 12, 2008	Raise	$0.310 → $0.350	+12.9%
Jun 3, 2008	Raise	$0.300 → $0.310	+3.3%
Dec 27, 2007	Raise	$0.270 → $0.300	+11.1%
Nov 27, 2007	Raise	$0.260 → $0.270	+3.8%
Aug 28, 2007	Raise	$0.150 → $0.260	+73.3%

Every BBDC payment →Download every raise and cut (CSV)

BBDC ex-dividend date & scheduleNext ex-date Sep 2, 2026 · full ex-dividend historyView →BBDC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BBDC a good dividend stock?

Mixed. Barings BDC, Inc. (BBDC) pays a quarterly dividend yielding 12.32% ($1.04/yr), with 6 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is BBDC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BBDC's fair value is about $12.04 versus a $8.44 share price — so it looks undervalued (+43% vs. fair value).

Is BBDC's dividend safe?

BBDC has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 6-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

What is BBDC's fair value?

Our blended fair-value estimate for BBDC is about $12.04 per share, roughly 43% above the current $8.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BBDC a buy, hold, or sell?

We don't issue formal ratings, but on the data BBDC screens as "mixed" and undervalued. Barings BDC, Inc. (BBDC) pays a quarterly dividend yielding 12.32% ($1.04/yr), with 6 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will BBDC cut its dividend?

BBDC earns a dividend-safety grade of D (45/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BBDC pay a dividend?

Yes. Barings BDC, Inc. pays a quarterly dividend of about $1.04 per share annually, a forward yield of roughly 12.32%.

What is BBDC's dividend yield?

As of Oct 18, 2026, BBDC's forward dividend yield is 12.32%, based on a $1.04 annual dividend and a $8.44 share price.

What is BBDC's dividend per share?

As of Oct 18, 2026, BBDC pays $1.04 per share per year, distributed on a quarterly basis.

What is BBDC's dividend payout ratio?

As of Oct 18, 2026, BBDC's payout ratio is 127% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BBDC grown its dividend?

As of Oct 18, 2026, BBDC has increased its dividend for 6 consecutive years.

When is the next BBDC ex-dividend date?

As of Oct 18, 2026, BBDC's next ex-dividend date hasn't been announced. The most recent was Sep 2, 2026, for $0.26 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full BBDC dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 2, 2026	Sep 9, 2026	$0.2600	regular
Jun 3, 2026	Jun 10, 2026	$0.2600	regular
Mar 4, 2026	Mar 11, 2026	$0.2600	regular
Dec 3, 2025	Dec 10, 2025	$0.2600	regular
Sep 3, 2025	Sep 10, 2025	$0.3100	regular
Jun 4, 2025	Jun 11, 2025	$0.3100	regular
Mar 5, 2025	Mar 12, 2025	$0.3100	regular
Dec 4, 2024	Dec 11, 2024	$0.2600	regular
Sep 4, 2024	Sep 11, 2024	$0.2600	regular
Jun 5, 2024	Jun 12, 2024	$0.2600	regular
Mar 5, 2024	Mar 13, 2024	$0.2600	regular
Dec 5, 2023	Dec 13, 2023	$0.2600	regular
Sep 5, 2023	Sep 13, 2023	$0.2600	regular
Jun 6, 2023	Jun 14, 2023	$0.2500	regular