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

Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.39 per share by the investment management company on Friday, March 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Monday, March 3rd.

Golub Capital BDC has a dividend payout ratio of 86.7% 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 Golub Capital BDC to earn $1.60 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 97.5%.

Golub Capital BDC Stock Up 0.8 %

Shares of NASDAQ GBDC opened at $15.43 on Friday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 10.94 and a beta of 0.54. The firm’s 50-day moving average price is $15.30 and its 200-day moving average price is $15.16.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.86% and a net margin of 37.78%. On average, equities research analysts anticipate that Golub Capital BDC will post 1.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.38.

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.