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

Goldman Sachs BDC, Inc. (NYSE:GSBD - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 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 research 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 Price Performance

Shares of GSBD stock traded down $0.13 during mid-day trading on Friday, hitting $12.99. The company had a trading volume of 1,100,243 shares, compared to its average volume of 639,269. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.22 and a quick ratio of 1.22. The stock's 50 day moving average price is $13.76 and its 200-day moving average price is $14.63. Goldman Sachs BDC has a 52-week low of $12.76 and a 52-week high of $15.94. The company has a market capitalization of $1.52 billion, a P/E ratio of 15.28 and a beta of 1.07.

Goldman Sachs BDC (NYSE:GSBD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $112.07 million. Equities research analysts forecast that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.