Goldman Sachs BDC, Inc. (GSBD) to Issue Quarterly Dividend of $0.32 on January 27th

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.32 per share by the financial services provider on Wednesday, January 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date of this dividend is Thursday, December 31st.

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. Equities 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 Price Performance

NYSE GSBD opened at $8.64 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.36. The stock’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $9.25. The company has a market cap of $973.17 million, a PE ratio of 33.25 and a beta of 0.62. Goldman Sachs BDC has a 1 year low of $8.35 and a 1 year high of $10.38.

Goldman Sachs BDC (NYSE:GSBD) last posted its earnings results on Thursday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Goldman Sachs BDC had a return on equity of 11.04% and a net margin of 17.19%. The business had revenue of $74.99 million for the quarter, compared to the consensus estimate of $80.13 million. On average, analysts predict that Goldman Sachs BDC will post 1.30 EPS for the current year.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.