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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, April 19th, Zacks reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.39 per share by the investment management company on Friday, June 21st. This represents a $1.56 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend is Wednesday, May 1st.

Golub Capital BDC has raised its dividend payment by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Golub Capital BDC has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Golub Capital BDC to earn $1.76 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 88.6%.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $17.40 on Monday. The company has a fifty day simple moving average of $16.25 and a 200-day simple moving average of $15.45. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 9.56 and a beta of 0.57. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. Golub Capital BDC has a 52-week low of $12.77 and a 52-week high of $17.42.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The business had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. On average, equities analysts anticipate that Golub Capital BDC will post 1.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GBDC. Wells Fargo & Company increased their price target on Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Monday, January 29th. Bank of America upgraded Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, March 25th. Raymond James upped their price objective on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a report on Tuesday, January 23rd. Finally, StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus price target 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.