Golub Capital BDC, Inc. (GBDC) To Go Ex-Dividend on December 9th

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Monday, December 9th will be paid a dividend of 0.39 per share by the investment management company on Friday, December 27th. This represents a $1.56 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date is Monday, December 9th.

Golub Capital BDC has a dividend 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 tumble. 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 Performance

GBDC stock opened at $15.46 on Friday. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 10.96 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $15.35.

Wall Street Analysts Forecast Growth

GBDC has been the subject of several analyst reports. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company cut their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

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.