Golub Capital BDC, Inc. (NASDAQ:GBDC) Announces Quarterly Dividend of $0.33

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.33 per share by the investment management company on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

Golub Capital BDC has raised its dividend by an average of 0.0%annually over the last three years. Golub Capital BDC has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Golub Capital BDC to earn $1.25 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 105.6%.

Golub Capital BDC Price Performance

NASDAQ GBDC traded down $0.04 on Friday, reaching $13.29. The company had a trading volume of 998,001 shares, compared to its average volume of 1,058,114. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $3.46 billion, a PE ratio of 17.26 and a beta of 0.39. The firm’s 50 day moving average price is $13.11 and its 200 day moving average price is $13.13. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities analysts predict that Golub Capital BDC will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Truist Financial Corp grew its stake in shares of Golub Capital BDC by 5.6% in the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after buying an additional 1,035 shares in the last quarter. Keel Point LLC grew its holdings in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares during the last quarter. Ironsides Asset Advisors LLC raised its position in Golub Capital BDC by 7.6% in the 4th quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock worth $214,000 after purchasing an additional 1,113 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in Golub Capital BDC by 6.2% in the third quarter. Beverly Hills Private Wealth LLC now owns 20,516 shares of the investment management company’s stock worth $281,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in Golub Capital BDC by 12.9% in the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,328 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

About Golub Capital BDC

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.