Golub Capital BDC, Inc. Plans Quarterly Dividend of $0.32 (GBDC)
Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Wednesday, September 6th will be paid a dividend of 0.32 per share by the investment management company on Friday, September 29th. This represents a $1.28 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date is Friday, September 1st.
Shares of Golub Capital BDC (NASDAQ GBDC) traded down 0.41% during trading on Wednesday, reaching $19.23. The company had a trading volume of 206,983 shares. The company has a 50 day moving average of $19.38 and a 200-day moving average of $19.49. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $35.40 million during the quarter, compared to the consensus estimate of $35.11 million. Golub Capital BDC had a return on equity of 8.00% and a net margin of 53.62%. Golub Capital BDC’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Equities research analysts expect that Golub Capital BDC will post $1.25 EPS for the current fiscal year.
GBDC has been the subject of a number of analyst reports. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, April 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.50 price target on shares of Golub Capital BDC in a research note on Tuesday, July 25th. BidaskClub upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Golub Capital BDC in a research note on Wednesday, May 10th. They noted that the move was a valuation call. Finally, National Securities restated a “neutral” rating and issued a $19.00 price target on shares of Golub Capital BDC in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Golub Capital BDC has a consensus rating of “Hold” and a consensus target price of $19.60.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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