Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) declared a dividend on Thursday, August 6th. Investors of record on Monday, August 31st will be paid a dividend of 0.03 per share by the financial services provider on Tuesday, September 15th. The ex-dividend date is Monday, August 31st.
Goldman Sachs BDC has raised its dividend by an average of 0.0%annually over the last three years. Goldman Sachs BDC has a dividend payout ratio of 92.1% meaning 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 $1.07 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 119.6%.
Goldman Sachs BDC Trading Up 2.7%
Shares of Goldman Sachs BDC stock opened at $9.07 on Friday. The company’s fifty day moving average price is $9.06 and its two-hundred day moving average price is $9.19. The firm has a market capitalization of $1.02 billion, a PE ratio of 13.95 and a beta of 0.57. Goldman Sachs BDC has a 52-week low of $8.35 and a 52-week high of $11.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Bank of America reaffirmed an “underperform” rating and issued a $8.50 price target (down from $9.00) on shares of Goldman Sachs BDC in a research note on Thursday, July 9th. Truist Financial dropped their price objective on Goldman Sachs BDC from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. The Goldman Sachs Group downgraded shares of Goldman Sachs BDC from a “neutral” rating to a “reduce” rating and set a $8.50 target price on the stock. in a research note on Thursday, July 9th. Finally, Zacks Research raised shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.50.
View Our Latest Research Report on Goldman Sachs BDC
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.
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