Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on August 29th

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a dividend on Saturday, August 23rd, investing.com reports. Investors of record on Monday, September 1st will be given a dividend of 0.03 per share by the financial services provider on Monday, September 15th. This represents a dividend yield of 1,743.0%. The ex-dividend date of this dividend is Friday, August 29th.

Goldman Sachs BDC has a payout ratio of 92.1% 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 $1.83 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 Price Performance

GSBD opened at $11.4350 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.19. Goldman Sachs BDC has a 52-week low of $9.51 and a 52-week high of $14.54. The company has a 50 day moving average of $11.49 and a two-hundred day moving average of $11.54. The company has a market cap of $1.30 billion, a P/E ratio of 9.08 and a beta of 0.75.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The business had revenue of $90.97 million for the quarter, compared to analysts’ expectations of $94.55 million. On average, analysts expect that Goldman Sachs BDC will post 2.19 earnings per share for the current year.

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.