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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, May 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.33 per share by the investment management company on Monday, June 29th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

Golub Capital BDC has raised its dividend payment by an average of 0.0%per year over the last three years. Golub Capital BDC has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Golub Capital BDC to earn $1.25 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 105.6%.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded down $0.04 during midday trading on Friday, reaching $13.29. 998,001 shares of the company were exchanged, compared to its average volume of 1,058,114. The stock’s 50-day moving average price is $13.11 and its 200-day moving average price is $13.13. The stock has a market cap of $3.46 billion, a P/E ratio of 17.26 and a beta of 0.39. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The firm had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

About Golub Capital BDC

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.