Goldman Sachs BDC, Inc. (GSBD) to Issue Dividend of $0.03 on September 15th

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a dividend on Thursday, August 6th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.03 per share by the financial services provider on Tuesday, September 15th. The ex-dividend date of this dividend is Monday, August 31st.

Goldman Sachs BDC has raised its dividend payment by an average of 0.0%per year over the last three years. Goldman Sachs BDC has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Goldman Sachs BDC to earn $1.19 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 107.6%.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD opened at $10.13 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.69 and a current ratio of 0.69. Goldman Sachs BDC has a 1 year low of $8.35 and a 1 year high of $11.53. The stock’s 50-day simple moving average is $9.30 and its 200-day simple moving average is $9.25. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 19.48 and a beta of 0.57.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%.The firm had revenue of $35.08 million during the quarter, compared to the consensus estimate of $78.89 million. As a group, equities analysts anticipate that Goldman Sachs BDC will post 1.29 earnings per share for the current fiscal year.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.