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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.39 per share by the investment management company on Friday, March 28th. This represents a $1.56 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend is Monday, March 3rd.

Golub Capital BDC has a dividend payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Price Performance

NASDAQ GBDC traded down $0.37 during trading hours on Wednesday, hitting $15.31. The company had a trading volume of 3,128,553 shares, compared to its average volume of 1,361,919. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The firm has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $15.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 37.78% and a return on equity of 11.86%. Equities research analysts expect that Golub Capital BDC will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GBDC. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.38.

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.