Goldman Sachs BDC, Inc. (NYSE:GSBD) Announces Quarterly Dividend of $0.45

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.45 per share by the financial services provider on Monday, October 28th. This represents a $1.80 annualized dividend and a yield of 12.48%. The ex-dividend date is Monday, September 30th.

Goldman Sachs BDC has a dividend payout ratio of 96.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Goldman Sachs BDC to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.8%.

Goldman Sachs BDC Trading Up 0.6 %

Shares of GSBD stock opened at $14.42 on Friday. The business has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $14.97. Goldman Sachs BDC has a 12-month low of $13.39 and a 12-month high of $15.94. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1.62 billion, a P/E ratio of 7.51 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Goldman Sachs BDC had a return on equity of 15.79% and a net margin of 19.84%. The company had revenue of $108.62 million during the quarter, compared to the consensus estimate of $112.07 million. Equities analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on GSBD. Wells Fargo & Company raised Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $14.00 to $12.00 in a research note on Monday, August 12th. Truist Financial decreased their target price on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Wednesday.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.