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

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 30th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, July 28th. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Goldman Sachs BDC has increased its dividend payment by an average of 0.0%annually over the last three years. Goldman Sachs BDC has a dividend 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 fall. 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 5.9%

Goldman Sachs BDC stock traded down $0.59 during mid-day trading on Friday, hitting $9.36. The stock had a trading volume of 1,364,446 shares, compared to its average volume of 1,474,483. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. Goldman Sachs BDC has a 12 month low of $8.66 and a 12 month high of $12.03. The stock has a market capitalization of $1.05 billion, a PE ratio of 8.97 and a beta of 0.62. The stock has a 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $9.49.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company 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, sell-side analysts forecast that Goldman Sachs BDC will post 1.27 EPS for the current year.

Goldman Sachs BDC Company Profile

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.