Golub Capital BDC, Inc. (GBDC) to Issue Quarterly Dividend of $0.33 on March 30th

Golub Capital BDC, Inc. (NASDAQ:GBDCGet 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 (NASDAQ:GBDCGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million for the quarter, compared to analyst estimates of $208.89 million. During the same period in the prior year, the company earned $0.42 EPS. As a group, equities analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Golub Capital BDC (NASDAQ:GBDC)

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