Golub Capital BDC, Inc. Declares Quarterly Dividend of $0.33 (NASDAQ:GBDC)

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, September 14th will be given a dividend of 0.33 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th.

Golub Capital BDC has increased its dividend payment by an average of 0.0%annually over the last three years. Golub Capital BDC has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golub Capital BDC to earn $1.26 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 104.8%.

Golub Capital BDC Trading Up 2.8%

Shares of NASDAQ GBDC opened at $13.19 on Tuesday. The stock’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $12.87. Golub Capital BDC has a 52-week low of $11.77 and a 52-week high of $14.93. The stock has a market capitalization of $3.44 billion, a P/E ratio of 17.13 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The firm had revenue of $187.73 million during the quarter, compared to analyst estimates of $189.91 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

GBDC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Oppenheimer restated an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.