Goldman Sachs BDC, Inc. (NYSE:GSBD) Shareholders Set to Receive $0.32 Quarterly Dividend

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.32 per share by the financial services provider on Wednesday, January 27th. This represents a $1.28 dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend is Thursday, December 31st.

Goldman Sachs BDC has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Stock Down 2.2%

Shares of NYSE:GSBD opened at $8.61 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.36. The firm has a market cap of $969.22 million, a price-to-earnings ratio of 16.47 and a beta of 0.62. The stock’s 50-day moving average price is $9.26 and its two-hundred day moving average price is $9.25. Goldman Sachs BDC has a 12-month low of $8.35 and a 12-month high of $10.38.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Goldman Sachs BDC had a net margin of 17.19% and a return on equity of 11.04%. The company had revenue of $74.99 million for the quarter, compared to analyst estimates of $80.13 million. On average, research analysts forecast that Goldman Sachs BDC will post 1.30 EPS for the current year.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.