Goldman Sachs BDC, Inc. (NYSE:GSBD) Declares Quarterly Dividend of $0.32

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 31st will be given a dividend of 0.32 per share by the financial services provider on Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Tuesday, March 31st.

Goldman Sachs BDC has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Goldman Sachs BDC to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 69.9%.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD traded up $0.08 during trading on Friday, reaching $9.25. The company had a trading volume of 859,883 shares, compared to its average volume of 1,491,797. The company has a fifty day moving average of $9.33 and a two-hundred day moving average of $10.03. Goldman Sachs BDC has a 12 month low of $8.92 and a 12 month high of $13.30. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $1.05 billion, a P/E ratio of 7.98 and a beta of 0.62.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Goldman Sachs BDC had a net margin of 34.72% and a return on equity of 12.78%. The company had revenue of $38.79 million for the quarter, compared to the consensus estimate of $87.18 million. Equities research analysts forecast that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.