Golub Capital BDC, Inc. (GBDC) to Distribute Quarterly Dividend of $0.33 on September 29th

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be paid a dividend of 0.33 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th.

Golub Capital BDC has raised its dividend by an average of 0.0%annually over the last three years. Golub Capital BDC has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Golub Capital BDC to earn $1.26 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 104.8%.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.08 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $14.93. The business has a 50 day simple moving average of $12.89 and a two-hundred day simple moving average of $12.87. The stock has a market capitalization of $3.41 billion, a PE ratio of 16.99 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.84%. The firm had revenue of $187.73 million during the quarter, compared to analyst estimates of $189.91 million. During the same period last year, the firm posted $0.39 earnings per share. On average, research analysts predict that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.