Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on December 31st

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid 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 yield of 13.86%. The ex-dividend date of this dividend is Tuesday, December 31st.

Goldman Sachs BDC has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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

NYSE GSBD traded down $0.13 during 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. Goldman Sachs BDC has a one year low of $12.76 and a one year high of $15.94. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.28 and a beta of 1.07. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a fifty day moving average of $13.76 and a 200 day moving average of $14.63.

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

Analyst Upgrades and Downgrades

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

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.