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

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.39 per share by the investment management company on Friday, December 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date is Monday, December 9th.

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 tumble.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $15.22 on Thursday. The company has a market capitalization of $2.61 billion, a P/E ratio of 10.79 and a beta of 0.54. The business’s 50-day moving average is $15.19 and its 200 day moving average is $15.44. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GBDC shares. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Insider Activity

In other Golub Capital BDC news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $15.01 per share, with a total value of $300,200.00. Following the completion of the purchase, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. This represents a 1.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have bought 80,000 shares of company stock valued at $1,197,400. 2.70% of the stock is currently owned by company insiders.

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.