Goldman Sachs BDC, Inc. (NYSE:GSBD) Plans Dividend Increase - $0.16 Per Share

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) declared a quarterly dividend on Thursday, February 27th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.16 per share by the financial services provider on Monday, April 28th. This represents a $0.64 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Monday, March 31st. This is a 220.0% increase from Goldman Sachs BDC's previous quarterly dividend of $0.05.

Goldman Sachs BDC has a payout ratio of 94.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Goldman Sachs BDC to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 69.9%.

Goldman Sachs BDC Stock Performance

GSBD traded down $0.08 during trading on Wednesday, hitting $12.51. The stock had a trading volume of 1,053,934 shares, compared to its average volume of 757,975. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day moving average price of $12.63 and a 200-day moving average price of $13.19. Goldman Sachs BDC has a one year low of $11.72 and a one year high of $15.94. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 17.86 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Goldman Sachs BDC from a "hold" rating to a "sell" rating in a research note on Tuesday.

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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.