Golub Capital BDC, Inc. Declares Variable Dividend of $0.06 (NASDAQ:GBDC)

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) declared a Variable dividend on Friday, May 3rd, Zacks reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.06 per share by the investment management company on Friday, June 14th. The ex-dividend date is Wednesday, May 15th.

Golub Capital BDC has raised its dividend payment by an average of 5.3% annually 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% 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 $1.81 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 86.2%.

Golub Capital BDC Trading Down 0.5 %

GBDC traded down $0.08 during mid-day trading on Monday, reaching $16.65. The stock had a trading volume of 616,256 shares, compared to its average volume of 864,785. The stock has a market capitalization of $2.86 billion, a P/E ratio of 8.20 and a beta of 0.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. The firm's fifty day simple moving average is $16.49 and its two-hundred day simple moving average is $15.64. Golub Capital BDC has a 52 week low of $12.92 and a 52 week high of $17.72.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Golub Capital BDC from $15.00 to $15.50 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Raymond James downgraded Golub Capital BDC from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. Bank of America upgraded Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Monday, March 25th. Finally, StockNews.com cut Golub Capital BDC from a "buy" rating to a "hold" rating in a report on Friday, March 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.