Golub Capital BDC, Inc. Announces Quarterly Dividend of $0.39 (NASDAQ:GBDC)

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 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend is Monday, December 9th.

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

Golub Capital BDC Trading Down 2.0 %

Shares of GBDC opened at $15.22 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 10.79 and a beta of 0.54. The company has a 50-day moving average of $15.19 and a 200 day moving average of $15.44. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GBDC shares. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company increased their price target on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the purchase, the chairman now directly owns 1,998,880 shares in the company, valued at $29,803,300.80. The trade was a 1.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased a total of 80,000 shares of company stock worth $1,197,400 over the last 90 days. Company insiders own 2.70% of the company’s stock.

About Golub Capital BDC

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.