Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.33 per share by the investment management company on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, March 13th.
Golub Capital BDC has raised its dividend by an average of 0.0%per year over the last three years. Golub Capital BDC has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Golub Capital BDC to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 82.5%.
Golub Capital BDC Price Performance
Shares of NASDAQ GBDC traded down $0.15 during midday trading on Wednesday, reaching $12.05. 1,139,262 shares of the company traded hands, compared to its average volume of 2,605,144. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The stock’s 50-day simple moving average is $13.00 and its 200-day simple moving average is $13.66. The firm has a market cap of $3.17 billion, a PE ratio of 9.64 and a beta of 0.45.
Golub Capital BDC Company Profile
Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.
The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.
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