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

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) announced a quarterly dividend on Friday, April 19th, Zacks reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.39 per share by the investment management company on Friday, June 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date of this dividend is Wednesday, May 1st.

Golub Capital BDC has raised its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Golub Capital BDC has a payout ratio of 88.1% meaning 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 $1.76 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 88.6%.

Golub Capital BDC Stock Up 1.0 %

Shares of NASDAQ GBDC traded up $0.18 during mid-day trading on Monday, reaching $17.58. The company had a trading volume of 1,279,143 shares, compared to its average volume of 864,451. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm has a 50 day simple moving average of $16.25 and a two-hundred day simple moving average of $15.45. The stock has a market cap of $3.02 billion, a P/E ratio of 9.66 and a beta of 0.57. Golub Capital BDC has a 52-week low of $12.77 and a 52-week high of $17.69.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). The business had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. Sell-side analysts predict that Golub Capital BDC will post 1.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GBDC shares. Raymond James increased their price target on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an "outperform" rating in a research note on Tuesday, January 23rd. Bank of America upgraded shares of Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Monday, March 25th. Wells Fargo & Company increased their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Finally, StockNews.com cut shares of Golub Capital BDC from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.40.

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.