Goldman Sachs BDC, Inc. (NYSE:GSBD) to Issue Quarterly Dividend of $0.32

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 31st will be given a dividend of 0.32 per share by the financial services provider on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Tuesday, March 31st.

Goldman Sachs BDC has a payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Goldman Sachs BDC to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 69.9%.

Goldman Sachs BDC Price Performance

Goldman Sachs BDC stock traded up $0.03 during midday trading on Friday, reaching $9.20. 958,273 shares of the stock traded hands, compared to its average volume of 1,495,179. The stock has a market cap of $1.05 billion, a P/E ratio of 7.94 and a beta of 0.62. The stock’s fifty day moving average is $9.33 and its 200-day moving average is $10.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. Goldman Sachs BDC has a 12 month low of $8.92 and a 12 month high of $13.30.

Goldman Sachs BDC (NYSE:GSBD) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $38.79 million for the quarter, compared to analysts’ expectations of $87.18 million. Goldman Sachs BDC had a return on equity of 12.78% and a net margin of 34.72%. As a group, equities research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current year.

Institutional Investors Weigh In On Goldman Sachs BDC

Several large investors have recently added to or reduced their stakes in GSBD. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Goldman Sachs BDC by 9.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 457,137 shares of the financial services provider’s stock worth $5,143,000 after acquiring an additional 39,067 shares during the period. Muzinich & Co. Inc. grew its stake in Goldman Sachs BDC by 17.0% in the second quarter. Muzinich & Co. Inc. now owns 507,937 shares of the financial services provider’s stock worth $5,714,000 after purchasing an additional 73,790 shares in the last quarter. Bridgewealth Advisory Group LLC purchased a new position in Goldman Sachs BDC during the 2nd quarter worth $158,000. Allworth Financial LP raised its position in Goldman Sachs BDC by 48,594.1% during the 2nd quarter. Allworth Financial LP now owns 8,278 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 8,261 shares in the last quarter. Finally, Wealth Alliance LLC lifted its holdings in shares of Goldman Sachs BDC by 116.0% in the 2nd quarter. Wealth Alliance LLC now owns 43,955 shares of the financial services provider’s stock worth $494,000 after buying an additional 23,610 shares during the period. 28.72% of the stock is owned by hedge funds and other institutional investors.

About Goldman Sachs BDC

Goldman Sachs BDC, Inc (NYSE: GSBD) is an externally managed, closed-end, non-diversified management investment company organized as a business development company (BDC) under the U.S. Investment Company Act of 1940. The company’s primary objective is to generate current income and capital appreciation through debt and equity investments in U.S. middle-market companies. It principally invests in senior secured loans, mezzanine debt, preferred equity and, to a lesser extent, common equity, focusing on sponsor-backed transactions and special-situation financings.

The fund is advised by affiliates of Goldman Sachs Asset Management’s Private Credit Group, leveraging the firm’s global research capabilities and risk management infrastructure.