Golub Capital BDC, Inc. Announces Quarterly Dividend of $0.39 (NASDAQ:GBDC)

Key Points

• Golub Capital BDC, Inc. declared a quarterly dividend of $0.39 per share, with an annualized yield of 10.5%, payable to stockholders on September 29th.
• The company reported earnings of $0.39 per share for the previous quarter, exceeding analysts' expectations of $0.38 per share, with total revenue of $218.34 million.
• Golub Capital BDC has a payout ratio of 86.7%, indicating that current earnings cover the dividend, though future earnings may affect this coverage.

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.39 per share by the investment management company on Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, September 15th.

Golub Capital BDC has a payout ratio of 86.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Research analysts expect Golub Capital BDC to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 97.5%.

Golub Capital BDC Price Performance

Shares of GBDC stock traded up $0.12 during trading hours on Friday, reaching $14.85. The company's stock had a trading volume of 1,151,815 shares, compared to its average volume of 1,116,554. The firm's 50 day simple moving average is $14.92 and its 200-day simple moving average is $14.92. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.46 and a beta of 0.51. Golub Capital BDC has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The company has a quick ratio of 3.01, a current ratio of 2.37 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $218.34 million for the quarter, compared to the consensus estimate of $215.47 million. Golub Capital BDC had a return on equity of 10.87% and a net margin of 42.81%. During the same quarter last year, the business posted $0.39 EPS. Sell-side analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current year.

Insider Activity at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 6,059,971 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the transaction, the chairman directly owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP raised its position in Golub Capital BDC by 116.8% during the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company's stock worth $32,000 after purchasing an additional 1,181 shares during the last quarter. Quarry LP bought a new position in Golub Capital BDC during the 1st quarter worth $34,000. VSM Wealth Advisory LLC raised its position in Golub Capital BDC by 102.0% during the 1st quarter. VSM Wealth Advisory LLC now owns 2,565 shares of the investment management company's stock worth $39,000 after purchasing an additional 1,295 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Golub Capital BDC during the 2nd quarter worth $41,000. Finally, MTM Investment Management LLC bought a new position in Golub Capital BDC during the 2nd quarter worth $41,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.