Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on September 30th

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.45 per share by the financial services provider on Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 12.48%. The ex-dividend date of this dividend is Monday, September 30th.

Goldman Sachs BDC has a payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Goldman Sachs BDC to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.8%.

Goldman Sachs BDC Stock Up 0.6 %

Shares of NYSE GSBD opened at $14.42 on Friday. Goldman Sachs BDC has a one year low of $13.39 and a one year high of $15.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The business’s fifty day moving average price is $14.29 and its 200-day moving average price is $14.97. The stock has a market capitalization of $1.62 billion, a PE ratio of 7.51 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The firm had revenue of $108.62 million for the quarter, compared to analysts’ expectations of $112.07 million. On average, equities research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current year.

Wall Street Analyst Weigh In

GSBD has been the topic of a number of recent research reports. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $14.00 to $12.00 in a research report on Monday, August 12th. Truist Financial dropped their price target on Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Wednesday.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.