Goldman Sachs BDC, Inc. Declares 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. Stockholders 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) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Tuesday, September 30th.

Goldman Sachs BDC has a dividend payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities 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 Price Performance

Shares of Goldman Sachs BDC stock traded up $0.23 during trading on Friday, reaching $11.26. 1,232,113 shares of the stock traded hands, compared to its average volume of 788,963. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 1.39. Goldman Sachs BDC has a 52-week low of $9.51 and a 52-week high of $14.54. The business has a fifty day simple moving average of $11.53 and a two-hundred day simple moving average of $11.67. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 25.02 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $90.97 million for the quarter, compared to the consensus estimate of $94.55 million. Goldman Sachs BDC had a net margin of 12.38% and a return on equity of 15.05%. Sell-side analysts expect that Goldman Sachs BDC will post 2.19 EPS for the current 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.

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