Goldman Sachs BDC, Inc. (GSBD) To Go Ex-Dividend on November 28th

Goldman Sachs BDC, Inc. (NYSE:GSBD) announced a quarterly dividend on Thursday, November 6th. Investors of record on Friday, November 28th will be given a dividend of 0.04 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 28th.

Goldman Sachs BDC has a dividend payout ratio of 92.1% meaning 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 $1.83 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 Trading Up 1.3%

Shares of NYSE GSBD opened at $9.87 on Friday. Goldman Sachs BDC has a fifty-two week low of $9.38 and a fifty-two week high of $13.44. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.83 and a beta of 0.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.50 and a quick ratio of 1.50. The company’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $11.01.

Goldman Sachs BDC (NYSE:GSBD) last released its earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $91.60 million during the quarter, compared to analyst estimates of $88.16 million. Goldman Sachs BDC had a net margin of 36.17% and a return on equity of 13.95%. On average, analysts predict that Goldman Sachs BDC will post 2.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research downgraded Goldman Sachs BDC from a “hold” rating to a “strong sell” rating in a report on Friday, August 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Goldman Sachs BDC in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $10.00.

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.