Golub Capital BDC, Inc. (NASDAQ:GBDC) to Issue Quarterly Dividend of $0.39

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, April 19th, Zacks reports. Stockholders of record on Thursday, May 2nd will be given a dividend of 0.39 per share by the investment management company on Friday, June 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date of this dividend is Wednesday, May 1st.

Golub Capital BDC has increased its dividend by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 4 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 tumble. Equities analysts expect Golub Capital BDC to earn $1.76 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 88.6%.

Golub Capital BDC Stock Up 1.0 %

GBDC stock opened at $17.58 on Tuesday. Golub Capital BDC has a twelve month low of $12.77 and a twelve month high of $17.69. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20. The stock has a market cap of $3.02 billion, a P/E ratio of 9.66 and a beta of 0.57. The business’s 50-day moving average price is $16.25 and its 200-day moving average price is $15.45.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $164.77 million for the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. On average, equities research analysts forecast that Golub Capital BDC will post 1.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GBDC shares. Raymond James lifted their target price on Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company lifted their price objective on 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. Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, March 25th. Finally, StockNews.com downgraded Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.