Goldman Sachs BDC, Inc. (NYSE:GSBD) Declares Quarterly Dividend of $0.45

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.45 per share by the financial services provider on Monday, January 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.86%. The ex-dividend date is Tuesday, December 31st.

Goldman Sachs BDC has a dividend payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Goldman Sachs BDC to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.8%.

Goldman Sachs BDC Price Performance

Shares of NYSE GSBD traded down $0.13 during midday trading on Friday, reaching $12.99. The company’s stock had a trading volume of 1,100,243 shares, compared to its average volume of 639,269. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22. Goldman Sachs BDC has a fifty-two week low of $12.76 and a fifty-two week high of $15.94. The business’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $14.63. The company has a market cap of $1.52 billion, a P/E ratio of 15.28 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $108.62 million for the quarter, compared to analysts’ expectations of $112.07 million. Goldman Sachs BDC had a net margin of 19.84% and a return on equity of 15.79%. On average, analysts forecast that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GSBD shares. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Wells Fargo & Company raised shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $14.00 to $12.00 in a research note on Monday, August 12th. Finally, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.