Golub Capital BDC, Inc. (GBDC) to Issue Quarterly Dividend of $0.39 on December 27th

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Monday, December 9th will be given a dividend of 0.39 per share by the investment management company on Friday, December 27th. This represents a $1.56 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend is Monday, December 9th.

Golub Capital BDC has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Golub Capital BDC Trading Down 0.5 %

Shares of Golub Capital BDC stock opened at $15.15 on Friday. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The company has a market cap of $2.60 billion, a P/E ratio of 10.74 and a beta of 0.54. The firm has a 50-day simple moving average of $15.19 and a two-hundred day simple moving average of $15.44.

Insider Activity

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $15.04 per share, with a total value of $300,800.00. Following the completion of the transaction, the chairman now owns 1,898,880 shares of the company’s stock, valued at approximately $28,559,155.20. This trade represents a 1.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders purchased 80,000 shares of company stock worth $1,197,400. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.40.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.