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

Key Points

• Goldman Sachs BDC declared a quarterly dividend of $0.32 per share, payable October 28 to shareholders of record on September 30. The dividend implies an annualized payout of $1.28 and a 14.1% yield.
• The dividend’s sustainability is a concern: the current payout ratio is 92.1%, while analysts expect next year’s earnings of $1.07 per share, implying a potential future payout ratio of 119.6%.
• Goldman Sachs BDC reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, though revenue of $35.08 million was below the $78.89 million estimate.

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.32 per share by the financial services provider on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Goldman Sachs BDC has increased its dividend payment by an average of 0.0%per year over the last three years. 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 tumble. Equities analysts expect Goldman Sachs BDC to earn $1.07 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 119.6%.

Goldman Sachs BDC Price Performance

Shares of NYSE:GSBD opened at $9.07 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 13.95 and a beta of 0.57. Goldman Sachs BDC has a 52 week low of $8.35 and a 52 week high of $11.62. The firm's fifty day moving average is $9.06 and its 200-day moving average is $9.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Goldman Sachs BDC had a return on equity of 10.94% and a net margin of 21.32%.The firm had revenue of $35.08 million for the quarter, compared to the consensus estimate of $78.89 million. Sell-side analysts predict that Goldman Sachs BDC will post 1.15 earnings per share for the current year.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc NYSE: GSBD is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company's primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management's Private Credit Group, leveraging the firm's global research capabilities and risk management infrastructure.

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