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

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.45 per share by the financial services provider on Friday, July 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.52%. The ex-dividend date of this dividend is Friday, June 28th.

Goldman Sachs BDC has a dividend payout ratio of 93.8% 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 $1.98 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 90.9%.

Goldman Sachs BDC Trading Up 0.1 %

GSBD stock traded up $0.02 during midday trading on Thursday, hitting $15.63. The company had a trading volume of 516,886 shares, compared to its average volume of 579,639. Goldman Sachs BDC has a 52 week low of $12.75 and a 52 week high of $15.82. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 8.76 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $15.25 and its 200 day moving average price is $14.99.

Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $117.09 million. Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. As a group, equities research analysts expect that Goldman Sachs BDC will post 2.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

GSBD has been the subject of several recent analyst reports. StockNews.com lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Wells Fargo & Company increased their price target on Goldman Sachs BDC from $14.50 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th.

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.