Golub Capital BDC Inc (NASDAQ:GBDC) announced a quarterly dividend on Tuesday, August 7th, Zacks reports. Stockholders of record on Friday, September 7th will be paid a dividend of 0.32 per share by the investment management company on Friday, September 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, September 6th.
Golub Capital BDC has a dividend payout ratio of 100.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Golub Capital BDC to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 99.2%.
Shares of NASDAQ GBDC opened at $19.12 on Wednesday. Golub Capital BDC has a twelve month low of $17.35 and a twelve month high of $19.47. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.15 billion, a PE ratio of 15.30, a PEG ratio of 7.53 and a beta of 0.60.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Golub Capital BDC had a net margin of 60.34% and a return on equity of 7.92%. The firm had revenue of $38.40 million during the quarter, compared to the consensus estimate of $36.81 million. During the same quarter last year, the firm posted $0.35 earnings per share. Golub Capital BDC’s revenue was up 4.1% compared to the same quarter last year. equities analysts forecast that Golub Capital BDC will post 1.27 EPS for the current year.
A number of brokerages have recently weighed in on GBDC. BidaskClub downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, National Securities restated a “buy” rating and set a $21.00 price objective on shares of Golub Capital BDC in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.67.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
Read More: Stock Symbols Definition, Examples, Lookup
Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.