Goldman Sachs BDC, Inc. Declares Quarterly Dividend of $0.45 (GSBD)
Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.45 per share by the financial services provider on Tuesday, January 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date of this dividend is Thursday, December 28th.
Goldman Sachs BDC has a dividend payout ratio of 87.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 (NYSE:GSBD) traded down $0.13 on Friday, hitting $21.70. The stock had a trading volume of 39,208 shares, compared to its average volume of 101,568. The company has a market capitalization of $878.06 million, a PE ratio of 10.42 and a beta of 0.84.
Goldman Sachs BDC (NYSE:GSBD) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. Goldman Sachs BDC had a return on equity of 11.53% and a net margin of 32.19%. The company had revenue of $34.40 million during the quarter, compared to the consensus estimate of $33.56 million. During the same period last year, the business earned $0.51 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. sell-side analysts anticipate that Goldman Sachs BDC will post 2.07 EPS for the current fiscal year.
A number of research firms have recently weighed in on GSBD. BidaskClub raised Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research downgraded Goldman Sachs BDC from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. National Securities reaffirmed a “neutral” rating and set a $22.00 price target on shares of Goldman Sachs BDC in a research note on Monday, August 7th. Finally, TheStreet raised Goldman Sachs BDC from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.18.
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Goldman Sachs BDC Company Profile
Goldman Sachs BDC, Inc is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.
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