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

Golub Capital BDC, Inc. (NASDAQ:GBDCGet Free Report) announced a Variable dividend on Friday, May 3rd, Zacks reports. Stockholders of record on Thursday, May 16th will be given 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 increased its dividend by an average of 5.3% annually over the last three years and has increased 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. Research 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 %

NASDAQ GBDC traded down $0.08 during trading hours on Monday, hitting $16.65. 336,991 shares of the company were exchanged, compared to its average volume of 861,638. Golub Capital BDC has a 52 week low of $12.92 and a 52 week high of $17.72. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $16.47 and a 200 day moving average price of $15.63. The stock has a market cap of $2.86 billion, a PE ratio of 8.23 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GBDC shares. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Raymond James lowered shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, March 25th. Finally, Wells Fargo & Company raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

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Golub Capital BDC Company Profile

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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.

See Also

Dividend History for Golub Capital BDC (NASDAQ:GBDC)

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