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. Stockholders 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 dividend yield of 14.07%. The ex-dividend date of this dividend is Tuesday, December 31st.

Goldman Sachs BDC has a dividend payout ratio of 102.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $1.80 annual dividend with an expected future payout ratio of 98.4%.

Goldman Sachs BDC Trading Up 0.2 %

Shares of NYSE:GSBD opened at $12.79 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 18.27 and a beta of 1.06. Goldman Sachs BDC has a 1-year low of $12.65 and a 1-year high of $15.94. The company has a 50 day moving average price of $13.01 and a 200 day moving average price of $14.01.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Goldman Sachs BDC had a return on equity of 15.72% and a net margin of 17.01%. The business had revenue of $110.41 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the firm posted $0.64 EPS. On average, research analysts anticipate that Goldman Sachs BDC will post 2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a research note 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.