Golub Capital BDC, Inc. to Issue Quarterly Dividend of $0.33 (NASDAQ:GBDC)

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Monday, February 2nd. Investors 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) annualized dividend and a yield of 11.0%. The ex-dividend date is Friday, March 13th.

Golub Capital BDC has increased its dividend payment by an average of 0.0%per year over the last three years. Golub Capital BDC has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 1.2%

GBDC traded down $0.15 during midday trading on Wednesday, reaching $12.05. 998,437 shares of the company were exchanged, compared to its average volume of 2,601,583. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 9.64 and a beta of 0.45. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The company’s fifty day moving average price is $13.00 and its 200 day moving average price is $13.66. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The company had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. As a group, analysts expect that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Company Profile

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.