Golub Capital BDC, Inc. (GBDC) to Issue Quarterly Dividend of $0.39 on June 21st

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, April 19th, Zacks reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.39 per share by the investment management company on Friday, June 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date is Wednesday, May 1st.

Golub Capital BDC has increased its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Golub Capital BDC has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Golub Capital BDC to earn $1.76 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 88.6%.

Golub Capital BDC Trading Up 2.2 %

GBDC stock opened at $17.40 on Monday. The company has a market capitalization of $2.98 billion, a PE ratio of 9.56 and a beta of 0.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. Golub Capital BDC has a one year low of $12.77 and a one year high of $17.42. The company’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $15.45.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $164.77 million for the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. As a group, analysts predict that Golub Capital BDC will post 1.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James lifted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Wells Fargo & Company boosted their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

About Golub Capital BDC

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.