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May 6 , 2021 BARINGS Barings BDC , Inc. Reports First Quarter 2021 Results And Announces Quarterly Cash Dividend of $ 0.20 Per Share CHARLOTTE , N.C. , May 6 , 2021 / PRNewswire / --Barings BDC , Inc. ( NYSE : BBDC ) ( " Barings BDC " or the " Company " ) today reported its financial and operating results for the first quarter of 2021 and announced that the Company's Board of Directors declared a quarterly cash dividend of $ 0.20 per share . BARINGS Highlights Income Statement Three Months Ended March 31 , 2021 Total ( dollars in millions , except per share data ) Amount Per Share ( 1 ) Total Three Months Ended December 31 , 2020 Per Amount Share ( 2 ) Net investment income $ 14.4 $ 0.22 $ 9.2 $ 0.19 Net realized gains ( losses ) $ 1.8 $ 0.03 $ ( 1.0 ) $ ( 0.02 ) Net unrealized appreciation $ 6.3 $ 0.10 $ 17.0 $ 0.34 Net increase in net assets resulting from operations Dividends paid $ 22.5 $ 0.34 $ 22.8 $ 0.46 $ 0.19 $ 0.17 ( 1 ) Based on weighted average shares outstanding during the period of 65,316,085 . ( 2 ) Based on weighted average shares outstanding during the period of 49,470,825 . Investment Portfolio and Balance Sheet ( dollars in millions , except per share data ) Investment portfolio at fair value As of March 31 , 2021 $ 1,602.1 As of December 31 , 2020 $ 1,495.8 Weighted average yield on performing debt investments , excluding short - term investments ( at principal amount ) 7.2 % 7.1 % Total assets $ 1,727.1 $ 1,677.0 Debt outstanding ( principal ) $ 986.1 $ 944.7 Total net assets ( equity ) $ 727.9 $ 717.8 Net asset value per share $ 11.14 $ 10.99 Debt - to - equity ratio 1.35x 1.32x Net debt - to - equity ratio ( adjusted for unrestricted cash , short - term investments and net unsettled transactions ) 1.14x 1.04x First Quarter 2021 Results