Golub Capital BDC, Inc. (GBDC) to Issue Quarterly Dividend of $0.32 on December 28th
Golub Capital BDC, Inc. (NASDAQ:GBDC) announced a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Stockholders of record on Tuesday, December 12th will be paid a dividend of 0.32 per share by the investment management company on Thursday, December 28th. This represents a $1.28 annualized dividend and a dividend yield of 6.75%. The ex-dividend date is Monday, December 11th.
Shares of Golub Capital BDC (GBDC) opened at $18.95 on Wednesday. Golub Capital BDC has a fifty-two week low of $17.87 and a fifty-two week high of $20.50. The firm has a market capitalization of $1,131.37, a P/E ratio of 14.50, a PEG ratio of 1.48 and a beta of 0.67. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 0.81.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The company had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. During the same quarter last year, the firm earned $0.32 EPS. Golub Capital BDC’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts expect that Golub Capital BDC will post 1.28 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Golub Capital BDC stock. Northern Trust Corp raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,214 shares of the investment management company’s stock after purchasing an additional 8,841 shares during the quarter. Northern Trust Corp’s holdings in Golub Capital BDC were worth $578,000 as of its most recent SEC filing. Institutional investors own 40.76% of the company’s stock.
Several analysts have recently weighed in on GBDC shares. National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of Golub Capital BDC in a report on Wednesday, November 22nd. Zacks Investment Research lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods set a $20.00 price objective on Golub Capital BDC and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub downgraded Golub Capital BDC from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.88.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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