Goldman Sachs BDC, Inc. to Issue Quarterly Dividend of $0.32 (NYSE:GSBD)

Key Points

• Goldman Sachs BDC, Inc. announced a quarterly dividend of $0.32 per share, with a record date of September 30th and payment scheduled for October 28th, reflecting an 11.4% dividend yield.
• The company has a high dividend payout ratio of 92.1%, although it's expected to decrease to 69.9% based on projected earnings of $1.83 per share next year.
• Goldman Sachs BDC's stock price increased by $0.23 to $11.26 during recent trading, indicating a relatively stable valuation compared to its 52-week range of $9.51 to $14.54.

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.32 per share by the financial services provider on Tuesday, October 28th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 30th.

Goldman Sachs BDC has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Goldman Sachs BDC to earn $1.83 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 69.9%.

Goldman Sachs BDC Trading Up 0.4%

GSBD traded up $0.05 during mid-day trading on Wednesday, hitting $11.43. The stock had a trading volume of 393,202 shares, compared to its average volume of 785,008. The stock's fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.08 and a beta of 0.75. Goldman Sachs BDC has a 1-year low of $9.51 and a 1-year high of $14.54.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%. The company had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. As a group, research analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

About Goldman Sachs BDC

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.