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

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

NYSE:GSBD traded up $0.06 during trading hours on Wednesday, hitting $11.31. The company's stock had a trading volume of 614,787 shares, compared to its average volume of 791,087. The business's 50-day moving average is $10.94 and its two-hundred day moving average is $12.07. The company has a market capitalization of $1.33 billion, a PE ratio of 16.16 and a beta of 0.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. Goldman Sachs BDC has a 52-week low of $9.51 and a 52-week high of $15.81.

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

Wall Street Analyst Weigh In

GSBD has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Goldman Sachs BDC from $12.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Wall Street Zen raised Goldman Sachs BDC from a "sell" rating to a "hold" rating in a research note on Sunday, March 23rd.

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.