Golub Capital BDC, Inc. Announces Quarterly Dividend of $0.39 (NASDAQ:GBDC)

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.39 per share by the investment management company on Friday, March 28th. This represents a $1.56 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend is Monday, March 3rd.

Golub Capital BDC has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 $1.56 annual dividend with an expected future payout ratio of 97.5%.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.31 on Thursday. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 10.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $15.16.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 37.78% and a return on equity of 11.86%. As a group, research analysts anticipate that Golub Capital BDC will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GBDC. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.