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

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.45 per share by the financial services provider on Monday, January 27th. This represents a $1.80 annualized dividend and a yield of 13.86%. The ex-dividend date is Tuesday, December 31st.

Goldman Sachs BDC has a dividend payout ratio of 99.4% indicating that 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 $1.86 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

GSBD stock traded down $0.13 during mid-day trading on Friday, reaching $12.99. The company had a trading volume of 1,100,243 shares, compared to its average volume of 639,269. The stock’s 50-day simple moving average is $13.76 and its two-hundred day simple moving average is $14.63. The stock has a market capitalization of $1.52 billion, a P/E ratio of 15.28 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.22. Goldman Sachs BDC has a one year low of $12.76 and a one year high of $15.94.

Goldman Sachs BDC (NYSE:GSBD) last announced its earnings results 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 net margin of 19.84% and a return on equity of 15.79%. The business had revenue of $108.62 million for the quarter, compared to analyst estimates of $112.07 million. Research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GSBD shares. Wells Fargo & Company upgraded shares of Goldman Sachs BDC from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $12.00 in a research note on Monday, August 12th. Truist Financial decreased their price objective on shares of Goldman Sachs BDC from $16.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.

About Goldman Sachs BDC

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.