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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be paid a dividend of 0.33 per share by the investment management company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Monday, September 14th.

Golub Capital BDC has raised its dividend by an average of 0.0%per year over the last three years. Golub Capital BDC has a dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Golub Capital BDC to earn $1.26 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 104.8%.

Golub Capital BDC Price Performance

Shares of GBDC opened at $13.19 on Tuesday. The business has a 50-day moving average of $12.89 and a 200-day moving average of $12.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 17.13 and a beta of 0.39. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $187.73 million for the quarter, compared to analysts’ expectations of $189.91 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities research analysts anticipate that Golub Capital BDC will post 1.36 earnings per share 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.