Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Investors of record on Monday, September 14th will be given a dividend of 0.33 per share by the investment management company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, September 14th.
Golub Capital BDC has increased its dividend by an average of 0.0%per year over the last three years. Golub Capital BDC has a dividend payout ratio of 73.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golub Capital BDC to earn $1.26 per share next year, which means the company may not be able to cover its $1.32 annual dividend with an expected future payout ratio of 104.8%.
Golub Capital BDC Stock Up 2.8%
Shares of NASDAQ:GBDC opened at $13.19 on Tuesday. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $14.93. The firm’s 50-day moving average is $12.89 and its two-hundred day moving average is $12.87. The firm has a market capitalization of $3.44 billion, a PE ratio of 17.13 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD acquired a new position in shares of Golub Capital BDC in the first quarter valued at approximately $47,000. Fifth Third Bancorp acquired a new stake in Golub Capital BDC during the first quarter worth about $68,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC increased its position in shares of Golub Capital BDC by 48.6% in the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,287 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.
About Golub Capital BDC
Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.
The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.
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