Golub Capital BDC Inc Plans Quarterly Dividend of $0.32 (NASDAQ:GBDC)

Golub Capital BDC Inc (NASDAQ:GBDC) declared a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.32 per share by the investment management company on Friday, September 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Friday, August 16th.

Golub Capital BDC has increased its dividend payment by an average of 10.1% per year over the last three years and has raised its dividend every year for the last 3 years. Golub Capital BDC has a dividend payout ratio of 100.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Golub Capital BDC to earn $1.31 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 97.7%.

Shares of NASDAQ GBDC opened at $18.66 on Wednesday. Golub Capital BDC has a fifty-two week low of $16.21 and a fifty-two week high of $19.89. The firm’s 50 day simple moving average is $17.99. The company has a market capitalization of $1.12 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 7.00 and a beta of 0.62. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.08.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $42.11 million during the quarter, compared to the consensus estimate of $41.48 million. Golub Capital BDC had a net margin of 43.56% and a return on equity of 8.10%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, research analysts forecast that Golub Capital BDC will post 1.3 earnings per share for the current year.

Several equities research analysts recently weighed in on GBDC shares. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 16th. BidaskClub raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, National Securities restated a “buy” rating and issued a $22.00 target price on shares of Golub Capital BDC in a report on Monday, May 13th.

About Golub Capital BDC

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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Dividend History for Golub Capital BDC (NASDAQ:GBDC)

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