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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, April 19th, Zacks reports. Stockholders of record on Thursday, May 2nd will be given a dividend of 0.39 per share by the investment management company on Friday, June 21st. This represents a $1.56 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend is Wednesday, May 1st.

Golub Capital BDC has increased its dividend by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 4 years. Golub Capital BDC has a payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Golub Capital BDC to earn $1.76 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 88.6%.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $17.58 on Tuesday. The business has a 50 day moving average of $16.25 and a 200-day moving average of $15.45. Golub Capital BDC has a 1 year low of $12.77 and a 1 year high of $17.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. The company has a market capitalization of $3.02 billion, a P/E ratio of 9.66 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The firm had revenue of $164.77 million during the quarter, compared to analyst estimates of $160.93 million. On average, equities research analysts predict that Golub Capital BDC will post 1.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GBDC shares. Wells Fargo & Company increased their target price on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, March 25th. Raymond James increased their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd. Finally, StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

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.