Golub Capital BDC, Inc. (GBDC) to Issue Quarterly Dividend of $0.33 on March 30th

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.33 per share by the investment management company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Friday, March 13th.

Golub Capital BDC has increased its dividend payment by an average of 0.0%per year over the last three years. Golub Capital BDC has a payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 $1.32 annual dividend with an expected future payout ratio of 82.5%.

Golub Capital BDC Stock Down 0.5%

Shares of GBDC stock traded down $0.06 during trading hours on Wednesday, hitting $12.13. 1,332,893 shares of the company were exchanged, compared to its average volume of 2,611,759. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The business’s 50-day simple moving average is $13.00 and its two-hundred day simple moving average is $13.66. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 9.70 and a beta of 0.45.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The firm had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same period last year, the business posted $0.42 earnings per share. Sell-side analysts predict that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Company Profile

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.