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

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.45 per share by the financial services provider on Friday, July 26th. This represents a $1.80 dividend on an annualized basis and a yield of 11.49%. The ex-dividend date is Friday, June 28th.

Goldman Sachs BDC has a dividend payout ratio of 93.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Goldman Sachs BDC to earn $1.98 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 90.9%.

Goldman Sachs BDC Stock Up 0.3 %

GSBD stock traded up $0.05 during midday trading on Thursday, reaching $15.66. 411,119 shares of the company were exchanged, compared to its average volume of 578,229. The stock’s 50-day simple moving average is $15.25 and its 200 day simple moving average is $14.99. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 8.76 and a beta of 1.11. Goldman Sachs BDC has a 1-year low of $12.75 and a 1-year high of $15.82. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a return on equity of 15.05% and a net margin of 43.06%. The company had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $117.09 million. On average, equities analysts forecast that Goldman Sachs BDC will post 2.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. StockNews.com downgraded Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th.

About Goldman Sachs BDC

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.