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

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.39 per share by the investment management company on Friday, March 28th. This represents a $1.56 dividend on an annualized basis and a yield of 10.19%. The ex-dividend date is Monday, March 3rd.

Golub Capital BDC has a payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 $1.56 annual dividend with an expected future payout ratio of 97.5%.

Golub Capital BDC Stock Down 2.3 %

Shares of NASDAQ:GBDC traded down $0.37 during midday trading on Wednesday, hitting $15.31. 3,128,553 shares of the company’s stock traded hands, compared to its average volume of 1,361,919. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The firm’s fifty day moving average price is $15.30 and its two-hundred day moving average price is $15.16. The company has a market cap of $4.04 billion, a PE ratio of 10.85 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 37.78% and a return on equity of 11.86%. On average, equities research analysts anticipate that Golub Capital BDC will post 1.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GBDC. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

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.