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

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.32 per share by the financial services provider on Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date is Tuesday, June 30th.

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 dividend 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. Equities analysts expect Goldman Sachs BDC to earn $1.20 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 106.7%.

Goldman Sachs BDC Trading Down 6.4%

GSBD traded down $0.64 during midday trading on Friday, reaching $9.30. 860,775 shares of the company were exchanged, compared to its average volume of 1,471,121. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.01. Goldman Sachs BDC has a one year low of $8.66 and a one year high of $12.03. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.95 and a beta of 0.62. The stock’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $9.49.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $10.35 million for the quarter, compared to the consensus estimate of $83.78 million. Goldman Sachs BDC had a return on equity of 12.23% and a net margin of 32.62%. As a group, analysts forecast that Goldman Sachs BDC will post 1.27 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.