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Goldman Sachs BDC, Inc. Plans Dividend of $0.05 (NYSE:GSBD)

Goldman Sachs BDC logo with Finance background

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Investors of record on Monday, June 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, June 13th. This represents a yield of 17.09%. The ex-dividend date of this dividend is Friday, May 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. 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 Trading Up 0.6%

GSBD traded up $0.07 during midday trading on Thursday, reaching $11.37. 335,635 shares of the company were exchanged, compared to its average volume of 790,497. Goldman Sachs BDC has a one year low of $9.51 and a one year high of $15.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $1.33 billion, a P/E ratio of 16.24 and a beta of 0.71. The stock's 50-day simple moving average is $10.93 and its 200 day simple moving average is $12.06.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.02). The business had revenue of $96.94 million for the quarter, compared to analyst estimates of $101.12 million. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. As a group, analysts forecast that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GSBD shares. Wall Street Zen upgraded Goldman Sachs BDC from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd. Wells Fargo & Company lowered their target price on Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th.

View Our Latest Stock Analysis on Goldman Sachs BDC

About Goldman Sachs BDC

(Get Free Report)

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.

See Also

Dividend History for Goldman Sachs BDC (NYSE:GSBD)

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