Golub Capital BDC, Inc. (NASDAQ:GBDC) to Issue Quarterly Dividend of $0.39

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Tuesday, November 18th. Stockholders of record on Friday, December 12th will be given a dividend of 0.39 per share by the investment management company on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, December 12th.

Golub Capital BDC has raised its dividend by an average of 0.1%annually over the last three years. Golub Capital BDC has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Golub Capital BDC to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 97.5%.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $13.81 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.68 billion, a PE ratio of 9.71 and a beta of 0.47. The company has a 50 day moving average of $13.95 and a 200-day moving average of $14.54. Golub Capital BDC has a 1-year low of $12.68 and a 1-year high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%.Golub Capital BDC’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Golub Capital BDC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its position in shares of Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after buying an additional 1,181 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Golub Capital BDC in the 3rd quarter valued at $33,000. Quarry LP bought a new stake in shares of Golub Capital BDC during the 1st quarter worth $34,000. VSM Wealth Advisory LLC boosted its holdings in shares of Golub Capital BDC by 102.0% in the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company’s stock worth $39,000 after buying an additional 1,295 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Golub Capital BDC during the second quarter valued at about $41,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.