Goldman Sachs BDC, Inc. (GSBD) to Issue Quarterly Dividend of $0.45
Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.45 per share by the financial services provider on Tuesday, January 16th. This represents a $1.80 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, December 28th.
Goldman Sachs BDC has a dividend payout ratio of 87.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 (GSBD) opened at $22.09 on Friday. The stock has a market cap of $878.06 million, a PE ratio of 10.42, a P/E/G ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.85 and a quick ratio of 1.85.
Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. Goldman Sachs BDC had a return on equity of 11.53% and a net margin of 32.19%. The business had revenue of $34.40 million during the quarter, compared to analyst estimates of $33.56 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts forecast that Goldman Sachs BDC will post 2.07 earnings per share for the current year.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. National Securities reiterated a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research report on Monday, August 7th. Finally, TheStreet upgraded Goldman Sachs BDC from a “c” rating to a “b-” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Goldman Sachs BDC has a consensus rating of “Hold” and an average price target of $22.60.
About Goldman Sachs BDC
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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