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

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid 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 fall. 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 Trading Down 1.0 %

Shares of NYSE GSBD traded down $0.13 during midday trading on Friday, hitting $12.99. The stock had a trading volume of 1,100,243 shares, compared to its average volume of 639,269. The company’s 50-day simple moving average is $13.76 and its 200 day simple moving average is $14.63. The firm has a market cap of $1.52 billion, a P/E ratio of 15.28 and a beta of 1.07. Goldman Sachs BDC has a fifty-two week low of $12.76 and a fifty-two week high of $15.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22.

Goldman Sachs BDC (NYSE:GSBD) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.57 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 analysts’ expectations of $112.07 million. Research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current year.

Wall Street Analyst Weigh In

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

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.