Goldman Sachs BDC, Inc. (NYSE:GSBD – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 30th will be given a dividend of 0.32 per share by the financial services provider on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Wednesday, September 30th.
Goldman Sachs BDC has raised its dividend by an average of 0.0%per year over the last three years. Goldman Sachs BDC has a 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. Equities 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%
NYSE:GSBD opened at $9.07 on Friday. Goldman Sachs BDC has a 52 week low of $8.35 and a 52 week high of $11.62. The firm has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $9.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.95 and a beta of 0.57.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Goldman Sachs BDC during the 2nd quarter valued at $62,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs BDC in the fourth quarter worth $57,000. Advisory Services Network LLC purchased a new stake in shares of Goldman Sachs BDC in the third quarter worth $68,000. SHP Wealth Management purchased a new stake in shares of Goldman Sachs BDC in the fourth quarter worth $63,000. Finally, Farther Finance Advisors LLC bought a new stake in Goldman Sachs BDC during the fourth quarter valued at $77,000. 28.72% of the stock is owned by 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.
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