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

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) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Investors of record on Monday, September 15th will be given 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 yield of 10.5%. The ex-dividend date is Monday, September 15th.

Golub Capital BDC has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. 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

NASDAQ:GBDC traded up $0.12 during mid-day trading on Friday, reaching $14.85. 1,151,815 shares of the stock were exchanged, compared to its average volume of 1,116,554. The business has a fifty day moving average price of $14.92 and a 200 day moving average price of $14.92. The firm has a market capitalization of $3.96 billion, a PE ratio of 10.46 and a beta of 0.51. Golub Capital BDC has a 1-year low of $12.68 and a 1-year high of $16.00. The company has a current ratio of 2.37, a quick ratio of 3.01 and a debt-to-equity ratio of 1.28.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $218.34 million for the quarter, compared to analysts' expectations 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. Research analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

About Golub Capital BDC

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.