Goldman Sachs BDC, Inc. Plans Quarterly Dividend of $0.32 (NYSE:GSBD)

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.32 per share by the financial services provider on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Goldman Sachs BDC has increased its dividend by an average of 0.0%annually 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 tumble. Analysts expect Goldman Sachs BDC to earn $1.07 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 119.6%.

Goldman Sachs BDC Stock Up 2.7%

Shares of NYSE:GSBD opened at $9.07 on Friday. Goldman Sachs BDC has a 1 year low of $8.35 and a 1 year high of $11.62. The stock has a 50-day simple moving average of $9.06 and a 200-day simple moving average of $9.19. The stock has a market capitalization of $1.02 billion, a P/E ratio of 13.95 and a beta of 0.57. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $35.08 million for the quarter, compared to analysts’ expectations of $78.89 million. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%. Equities analysts forecast that Goldman Sachs BDC will post 1.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research note on Tuesday, June 2nd. Wall Street Zen lowered shares of Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. The Goldman Sachs Group cut shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 price target on the stock. in a report on Thursday, July 9th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Finally, Bank of America reissued an “underperform” rating and issued a $8.50 target price (down from $9.00) on shares of Goldman Sachs BDC in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $8.50.

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.