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

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 given a dividend of 0.45 per share by the financial services provider on Monday, October 28th. This represents a $1.80 dividend on an annualized basis and a yield of 12.48%. The ex-dividend date of this dividend is Monday, September 30th.

Goldman Sachs BDC has a dividend payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Stock Performance

Goldman Sachs BDC stock opened at $14.42 on Friday. Goldman Sachs BDC has a fifty-two week low of $13.39 and a fifty-two week high of $15.94. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 7.51 and a beta of 1.07. The stock’s 50 day simple moving average is $14.29 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.22 and a current ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 earnings per share (EPS) 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 business had revenue of $108.62 million during the quarter, compared to the consensus estimate of $112.07 million. As a group, analysts expect that Goldman Sachs BDC will post 2.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.