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

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 31st will be paid a dividend of $0.32 per share by the financial services provider on Wednesday, January 27th. This represents a $1.28 annualized dividend and a yield of 14.9%. The ex-dividend date of this dividend is Thursday, December 31st.

Goldman Sachs BDC has a dividend payout ratio of 92.1% indicating that 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 $1.20 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 106.7%.

Goldman Sachs BDC Stock Performance

GSBD opened at $8.61 on Friday. The firm has a market capitalization of $969.22 million, a P/E ratio of 16.47 and a beta of 0.62. The stock’s 50 day moving average price is $9.26 and its two-hundred day moving average price is $9.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.36. Goldman Sachs BDC has a 12-month low of $8.35 and a 12-month high of $10.38.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. The business had revenue of $74.99 million for the quarter, compared to analyst estimates of $80.13 million. On average, equities analysts forecast that Goldman Sachs BDC will post 1.30 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GSBD. Truist Financial raised their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. The Goldman Sachs Group cut shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 target price for the company. in a research note on Thursday, July 9th. Bank of America downgraded shares of Goldman Sachs BDC from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $9.00 to $8.50 in a report on Thursday, July 9th. Weiss Ratings lowered shares of Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Zacks Research upgraded shares of Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Goldman Sachs BDC currently has an average rating of “Reduce” and an average target price of $8.75.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.