Golub Capital BDC Key Executives
This section highlights Golub Capital BDC's key executives, including their titles and compensation details.
Find Contacts at Golub Capital BDC
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Golub Capital BDC Earnings
This section highlights Golub Capital BDC's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-02-05 | N/A | N/A |
| Read Transcript | Q4 | 2024 | 2024-11-20 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-08-06 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-05-07 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-02-06 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2023-11-21 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-08-08 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-05-09 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-02-09 | N/A | N/A |
Financial Statements
Access annual & quarterly financial statements for Golub Capital BDC, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Revenue | $724.68M | $603.09M | $387.80M | $307.12M | $294.56M |
| Cost of Revenue | $- | $- | $- | $- | $-4.39M |
| Gross Profit | $724.68M | $603.09M | $387.80M | $307.12M | $298.95M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 101.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $128.65M | $159.71M | $102.23M | $73.71M | $85.04M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $128.65M | $159.71M | $102.23M | $73.71M | $85.04M |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $128.65M | $159.71M | $102.23M | $73.71M | $85.04M |
| Cost and Expenses | $128.65M | $159.71M | $102.23M | $73.71M | $85.04M |
| Interest Income | $645.75M | $584.63M | $376.28M | $295.42M | $292.51M |
| Interest Expense | $203.16M | $143.23M | $82.04M | $65.74M | $74.86M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| EBITDA | $- | $- | $- | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $596.03M | $443.38M | $285.57M | $233.41M | $213.92M |
| Operating Income Ratio | 82.25% | 73.52% | 73.64% | 76.00% | 72.62% |
| Total Other Income Expenses Net | $-321.05M | $-181.17M | $-130.90M | $106.87M | $-159.04M |
| Income Before Tax | $274.98M | $262.21M | $154.67M | $340.28M | $54.87M |
| Income Before Tax Ratio | 37.95% | 43.48% | 39.88% | 110.80% | 18.63% |
| Income Tax Expense | $1.20M | $3.68M | $1.23M | $- | $- |
| Net Income | $273.79M | $258.63M | $153.44M | $340.28M | $54.87M |
| Net Income Ratio | 37.78% | 42.88% | 39.57% | 110.80% | 18.63% |
| EPS | $1.36 | $1.52 | $0.90 | $2.03 | $0.37 |
| EPS Diluted | $1.36 | $1.52 | $0.90 | $2.03 | $0.37 |
| Weighted Average Shares Outstanding | 201.26M | 170.32M | 170.67M | 167.99M | 148.91M |
| Weighted Average Shares Outstanding Diluted | 201.26M | 170.32M | 170.67M | 167.99M | 148.91M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $118.78M | $224.41M | $171.27M | $164.23M | $164.77M | $164.12M | $153.75M | $145.65M | $135.38M | $119.65M | $94.49M | $85.96M | $86.57M | $81.11M | $75.77M | $76.20M | $74.05M | $72.01M | $73.21M | $75.12M |
| Cost of Revenue | $- | $- | $- | $- | $- | $37.40M | $-970.00K | $-1.31M | $-1.50M | $- | $-1.14M | $- | $8.13M | $6.53M | $- | $- | $- | $- | $- | $- |
| Gross Profit | $118.78M | $224.41M | $171.27M | $164.23M | $164.77M | $126.72M | $154.72M | $146.95M | $136.88M | $119.65M | $95.63M | $85.96M | $78.44M | $74.58M | $75.77M | $76.20M | $74.05M | $72.01M | $73.21M | $75.12M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 77.21% | 100.63% | 100.90% | 101.11% | 100.00% | 101.21% | 100.00% | 90.61% | 91.95% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $5.30M | $38.16M | $18.31M | $33.00M | $39.17M | $39.23M | $41.45M | $40.26M | $38.77M | $36.63M | $18.42M | $23.25M | $23.94M | $15.47M | $18.58M | $19.70M | $19.96M | $19.18M | $20.63M | $21.63M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.30M | $38.16M | $18.31M | $33.00M | $39.17M | $39.23M | $41.45M | $40.26M | $38.77M | $36.63M | $18.42M | $23.25M | $23.94M | $15.47M | $18.58M | $19.70M | $19.96M | $19.18M | $20.63M | $21.63M |
| Other Expenses | $2.69M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $8.00M | $38.16M | $18.31M | $33.00M | $39.17M | $39.23M | $41.45M | $40.26M | $38.77M | $36.63M | $18.42M | $23.25M | $23.94M | $15.47M | $18.58M | $19.70M | $19.96M | $19.18M | $20.63M | $21.63M |
| Cost and Expenses | $8.00M | $38.16M | $18.31M | $33.00M | $39.17M | $39.23M | $41.45M | $40.26M | $38.77M | $36.63M | $18.42M | $23.25M | $23.94M | $15.47M | $18.58M | $19.70M | $19.96M | $19.18M | $20.63M | $21.63M |
| Interest Income | $198.36M | $216.21M | $164.87M | $159.39M | $159.98M | $160.04M | $150.37M | $142.01M | $130.76M | $117.36M | $93.39M | $85.74M | $84.22M | $78.21M | $74.26M | $75.01M | $71.52M | $68.69M | $72.54M | $74.82M |
| Interest Expense | $79.64M | $64.23M | $57.90M | $41.58M | $39.45M | $38.60M | $37.55M | $36.26M | $32.50M | $26.89M | $21.48M | $19.27M | $16.17M | $19.34M | $15.12M | $16.19M | $13.88M | $13.51M | $17.52M | $21.55M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.20M | $- | $- | $- | $- | $- | $- |
| EBITDA | $110.79M | $186.24M | $- | $131.23M | $- | $125.31M | $- | $- | $- | $83.02M | $- | $- | $- | $65.64M | $- | $- | $- | $- | $- | $- |
| EBITDA Ratio | 93.27% | 82.99% | 0.00% | 79.91% | 0.00% | 76.36% | 0.00% | 0.00% | 0.00% | 69.39% | 0.00% | 0.00% | 0.00% | 80.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $110.79M | $186.24M | $152.96M | $131.23M | $125.59M | $125.31M | $113.27M | $106.69M | $98.11M | $83.02M | $77.21M | $62.72M | $62.63M | $65.64M | $57.19M | $56.50M | $54.09M | $52.83M | $52.58M | $53.50M |
| Operating Income Ratio | 93.27% | 82.99% | 89.31% | 79.91% | 76.22% | 76.36% | 73.67% | 73.26% | 72.47% | 69.39% | 81.71% | 72.96% | 72.34% | 80.92% | 75.48% | 74.14% | 73.05% | 73.36% | 71.83% | 71.21% |
| Total Other Income Expenses Net | $- | $-91.04M | $-143.90M | $-37.10M | $-49.82M | $-22.50M | $-40.28M | $-48.00M | $-72.53M | $-74.87M | $-61.80M | $4.16M | $452.00K | $6.00M | $25.70M | $34.82M | $40.35M | $41.82M | $89.56M | $-282.46M |
| Income Before Tax | $110.79M | $95.20M | $9.06M | $94.13M | $75.78M | $102.81M | $72.98M | $58.69M | $25.58M | $8.15M | $15.41M | $66.87M | $63.08M | $71.63M | $82.89M | $91.31M | $94.44M | $94.64M | $142.14M | $-228.96M |
| Income Before Tax Ratio | 93.27% | 42.42% | 5.29% | 57.31% | 45.99% | 62.65% | 47.47% | 40.30% | 18.90% | 6.82% | 16.30% | 77.79% | 72.87% | 88.32% | 109.40% | 119.83% | 127.54% | 131.43% | 194.16% | -304.78% |
| Income Tax Expense | $-527.00K | $-103.00K | $125.00K | $570.00K | $- | $1.25M | $- | $232.00K | $- | $159.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Income | $111.31M | $95.20M | $9.25M | $93.56M | $75.78M | $101.56M | $72.98M | $58.50M | $25.58M | $8.08M | $15.41M | $66.87M | $63.08M | $71.63M | $82.89M | $91.31M | $94.44M | $94.64M | $142.14M | $-228.96M |
| Net Income Ratio | 93.71% | 42.42% | 5.40% | 56.97% | 45.99% | 61.88% | 47.47% | 40.17% | 18.90% | 6.76% | 16.30% | 77.79% | 72.87% | 88.32% | 109.40% | 119.83% | 127.54% | 131.43% | 194.16% | -304.78% |
| EPS | $0.42 | $0.36 | $0.05 | $0.55 | $0.45 | $0.60 | $0.43 | $0.34 | $0.15 | $0.05 | $0.09 | $0.39 | $0.37 | $0.42 | $0.49 | $0.55 | $0.56 | $0.57 | $0.93 | $-1.66 |
| EPS Diluted | $0.42 | $0.36 | $0.05 | $0.46 | $0.45 | $0.60 | $0.43 | $0.34 | $0.15 | $0.05 | $0.09 | $0.39 | $0.37 | $0.42 | $0.49 | $0.55 | $0.56 | $0.57 | $0.93 | $-1.66 |
| Weighted Average Shares Outstanding | 264.34M | 201.26M | 199.97M | 170.64M | 169.65M | 170.32B | 169.98M | 170.84M | 170.90M | 170.90M | 170.90M | 170.87M | 170.05M | 169.17M | 168.25M | 167.28M | 167.26M | 167.26M | 153.18M | 138.15M |
| Weighted Average Shares Outstanding Diluted | 264.34M | 201.26M | 199.97M | 170.64M | 169.65M | 170.32B | 169.98M | 170.84M | 170.90M | 170.90M | 170.90M | 170.87M | 170.05M | 169.17M | 168.25M | 167.28M | 167.26M | 167.26M | 153.18M | 138.15M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $131.16M | $69.83M | $124.14M | $181.09M | $26.30M |
| Short Term Investments | $31.71M | $-14.94M | $- | $- | $- |
| Cash and Short Term Investments | $131.16M | $69.83M | $124.14M | $181.09M | $26.30M |
| Net Receivables | $74.04M | $58.05M | $20.79M | $18.26M | $17.26M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $85.32M | $- | $- | $- |
| Total Current Assets | $205.20M | $213.20M | $144.93M | $199.35M | $43.56M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $8.24B | $5.53B | $5.48B | $4.89B | $4.24B |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $31.71M | $-5.53B | $- | $- | $-4.24B |
| Total Non-Current Assets | $8.27B | $5.54B | $5.48B | $4.89B | $4.24B |
| Other Assets | $233.66M | $-14.94M | $57.60M | $70.68M | $162.51M |
| Total Assets | $8.71B | $5.73B | $5.68B | $5.16B | $4.44B |
| Account Payables | $56.00M | $32.27M | $26.68M | $1.79M | $11.88M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $33.02M | $-32.27M | $-26.68M | $29.05M | $17.35M |
| Total Current Liabilities | $89.02M | $132.04M | $60.11M | $30.84M | $29.23M |
| Long Term Debt | $- | $- | $3.08B | $2.55B | $2.02B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $4.60B | $- | $-3.08B | $- | $- |
| Total Non-Current Liabilities | $4.60B | $- | $3.08B | $2.55B | $2.02B |
| Other Liabilities | $- | $3.19B | $225.00K | $- | $1.06M |
| Total Liabilities | $4.69B | $3.19B | $3.14B | $2.58B | $2.05B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $264.00K | $170.00K | $171.00K | $170.00K | $167.00K |
| Retained Earnings | $-152.99M | $-99.20M | $-132.34M | $-81.73M | $-228.58M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $- | $0 |
| Other Total Stockholders Equity | $4.17B | $2.65B | $2.68B | $2.66B | $2.62B |
| Total Stockholders Equity | $4.01B | $2.55B | $2.54B | $2.58B | $2.40B |
| Total Equity | $4.01B | $2.55B | $2.54B | $2.58B | $2.40B |
| Total Liabilities and Stockholders Equity | $8.71B | $5.73B | $5.68B | $5.16B | $4.44B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $8.71B | $5.73B | $5.68B | $5.16B | $4.44B |
| Total Investments | $8.27B | $5.52B | $5.48B | $4.89B | $4.24B |
| Total Debt | $- | $3.12B | $3.08B | $2.55B | $2.02B |
| Net Debt | $-131.16M | $-69.83M | $2.95B | $2.37B | $1.99B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $214.10M | $131.16M | $147.51M | $300.75M | $76.66M | $69.83M | $91.72M | $87.47M | $103.21M | $124.14M | $85.20M | $136.17M | $182.68M | $181.09M | $156.93M | $77.10M | $27.03M | $26.30M | $30.44M | $24.36M |
| Short Term Investments | $- | $31.71M | $- | $- | $90.79M | $14.94M | $-10.01M | $-15.44M | $5.38B | $32.33M | $5.53B | $- | $371.00K | $-5.50M | $-2.61M | $- | $- | $-1.73M | $- | $-931.00K |
| Cash and Short Term Investments | $214.10M | $131.16M | $147.51M | $300.75M | $167.45M | $69.83M | $164.41M | $76.76M | $5.49B | $124.14M | $5.61B | $136.17M | $5.25B | $175.59M | $154.32M | $77.10M | $27.03M | $24.57M | $30.44M | $23.43M |
| Net Receivables | $73.30M | $74.04M | $90.81M | $65.81M | $54.49M | $58.05M | $29.93M | $31.24M | $28.80M | $20.79M | $20.57M | $21.25M | $24.29M | $18.26M | $17.20M | $18.39M | $18.63M | $17.26M | $18.59M | $14.89M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $260.75M | $351.24M | $177.96M | $- | $- | $- | $- | $81.17M | $- | $50.13M | $- | $129.15M | $- | $- | $- | $- | $162.87M | $- | $- |
| Total Current Assets | $287.40M | $465.95M | $589.55M | $544.51M | $221.95M | $127.88M | $194.34M | $108.00M | $212.72M | $144.93M | $155.90M | $157.42M | $318.62M | $193.85M | $171.52M | $209.43M | $26.50M | $184.43M | $141.10M | $136.66M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $8.70B | $8.24B | $7.87B | $5.41B | $5.44B | $5.52B | $5.54B | $5.50B | $- | $5.45B | $- | $5.43B | $5.15B | $4.89B | $4.44B | $4.40B | $4.51B | $4.24B | $4.25B | $4.21B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-8.70B | $36.33M | $20.14M | $- | $9.23M | $-5.52B | $- | $- | $- | $32.33M | $- | $- | $2.85M | $76.17M | $-4.44B | $-4.40B | $-4.51B | $-4.24B | $- | $- |
| Total Non-Current Assets | $8.70B | $8.27B | $7.89B | $5.41B | $5.45B | $5.52B | $5.54B | $5.50B | $5.45B | $5.48B | $5.61B | $5.43B | $5.15B | $4.97B | $4.44B | $4.40B | $4.51B | $4.24B | $4.25B | $4.21B |
| Other Assets | $23.67M | $-31.71M | $- | $-10.18M | $25.28M | $85.32M | $7.48M | $61.96M | $5.67B | $57.60M | $5.77B | $39.16M | $12.21M | $- | $87.54M | $599.00K | $268.85M | $20.84M | $-472.00K | $-661.00K |
| Total Assets | $9.01B | $8.71B | $8.48B | $5.94B | $5.70B | $5.73B | $5.74B | $5.67B | $5.67B | $5.68B | $5.77B | $5.62B | $5.48B | $5.16B | $4.70B | $4.61B | $4.80B | $4.44B | $4.39B | $4.35B |
| Account Payables | $58.83M | $56.00M | $24.86M | $52.59M | $35.21M | $32.27M | $31.22M | $31.21M | $32.54M | $26.68M | $3.68M | $20.31M | $21.73M | $1.79M | $16.95M | $18.56M | $16.41M | $11.88M | $20.17M | $- |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-58.83M | $-56.00M | $82.34M | $28.31M | $34.07M | $34.52M | $37.21M | $-31.21M | $-32.54M | $-26.68M | $-3.68M | $20.93M | $-21.73M | $29.05M | $15.13M | $-18.56M | $-16.41M | $-11.88M | $17.52M | $34.62M |
| Total Current Liabilities | $58.83M | $- | $107.20M | $80.89M | $69.28M | $66.78M | $68.43M | $67.86M | $67.62M | $60.11M | $46.65M | $41.24M | $83.20M | $30.84M | $32.08M | $68.05M | $66.70M | $57.65M | $37.69M | $34.62M |
| Long Term Debt | $- | $- | $4.32B | $3.27B | $- | $- | $- | $3.10B | $3.08B | $3.08B | $3.14B | $2.96B | $2.83B | $2.55B | $2.12B | $- | $2.32B | $2.02B | $2.00B | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $4.93B | $- | $900.00K | $- | $- | $- | $- | $-3.10B | $-3.08B | $-3.08B | $-3.11B | $- | $-2.83B | $- | $- | $- | $-2.32B | $-2.02B | $- | $- |
| Total Non-Current Liabilities | $4.93B | $- | $4.32B | $3.27B | $3.07B | $3.12B | $3.15B | $3.10B | $3.08B | $3.08B | $26.91M | $2.96B | $2.83B | $2.55B | $2.12B | $- | $2.32B | $2.02B | $2.00B | $2.36B |
| Other Liabilities | $- | $4.69B | $- | $1.10M | $1.40M | $1.09M | $800.00K | $38.00K | $26.00K | $225.00K | $3.11B | $- | $-40.67M | $- | $4.38M | $2.11B | $-28.00M | $-27.36M | $- | $- |
| Total Liabilities | $4.99B | $4.69B | $4.42B | $3.35B | $3.14B | $3.19B | $3.22B | $3.17B | $3.15B | $3.14B | $3.18B | $3.00B | $2.87B | $2.58B | $2.15B | $2.11B | $2.36B | $2.05B | $2.04B | $2.39B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $265.00K | $264.00K | $265.00K | $172.00K | $171.00K | $170.00K | $170.00K | $170.00K | $171.00K | $171.00K | $171.00K | $171.00K | $171.00K | $170.00K | $169.00K | $168.00K | $167.00K | $167.00K | $167.00K | $134.00K |
| Retained Earnings | $-168.53M | $-152.99M | $-164.07M | $-82.96M | $-98.05M | $-99.20M | $-144.14M | $-161.05M | $-163.16M | $-132.34M | $-89.91M | $-54.05M | $-69.66M | $-81.73M | $-105.73M | $-139.84M | $-182.65M | $-228.58M | $-281.35M | $-374.99M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $0 | $- | $- | $0 | $0 | $0 | $0 | $- | $0 | $-0 | $- | $0 | $- | $-0 | $0 | $-0 | $0 |
| Other Total Stockholders Equity | $4.19B | $4.17B | $4.22B | $2.68B | $2.66B | $2.65B | $2.66B | $2.67B | $2.68B | $2.68B | $2.68B | $2.68B | $2.68B | $2.66B | $2.65B | $2.64B | $2.62B | $2.62B | $2.63B | $2.33B |
| Total Stockholders Equity | $4.02B | $4.01B | $4.05B | $2.59B | $2.56B | $2.55B | $2.52B | $2.51B | $2.51B | $2.54B | $2.59B | $2.62B | $2.61B | $2.58B | $2.55B | $2.50B | $2.44B | $2.40B | $2.35B | $1.96B |
| Total Equity | $4.02B | $4.01B | $4.05B | $2.59B | $2.56B | $2.55B | $2.52B | $2.51B | $2.51B | $2.54B | $2.59B | $2.62B | $2.61B | $2.58B | $2.55B | $2.50B | $2.44B | $2.40B | $2.35B | $1.96B |
| Total Liabilities and Stockholders Equity | $9.01B | $8.71B | $8.48B | $5.94B | $5.70B | $5.73B | $5.74B | $5.67B | $5.67B | $5.68B | $5.77B | $5.62B | $5.48B | $5.16B | $4.70B | $4.61B | $4.80B | $4.44B | $4.39B | $4.35B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $9.01B | $8.71B | $8.48B | $5.94B | $5.70B | $5.73B | $5.74B | $5.67B | $5.67B | $5.68B | $5.77B | $5.62B | $5.48B | $5.16B | $4.70B | $4.61B | $4.80B | $4.44B | $4.39B | $4.35B |
| Total Investments | $8.70B | $8.27B | $7.87B | $5.41B | $5.44B | $5.53B | $5.53B | $5.49B | $5.45B | $5.48B | $5.61B | $5.43B | $5.15B | $4.89B | $4.44B | $4.40B | $4.51B | $4.24B | $4.25B | $4.21B |
| Total Debt | $- | $- | $4.32B | $3.27B | $3.07B | $3.12B | $3.15B | $3.10B | $3.08B | $3.08B | $3.14B | $2.96B | $2.83B | $2.55B | $2.12B | $2.07B | $2.32B | $2.02B | $2.00B | $2.36B |
| Net Debt | $-214.10M | $-131.16M | $3.85B | $-300.75M | $-76.66M | $-69.83M | $-91.72M | $3.01B | $2.98B | $2.95B | $3.05B | $2.82B | $2.65B | $2.37B | $1.96B | $-77.10M | $2.29B | $1.99B | $1.97B | $-24.36M |
Annual Cash Flow
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Net Income | $273.79M | $258.63M | $153.44M | $340.28M | $54.87M |
| Depreciation and Amortization | $- | $- | $- | $- | $27.02M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $16.10M | $-32.19M | $32.89M | $-2.33M | $-27.39M |
| Accounts Receivables | $25.14M | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $1.23M | $505.00K | $- | $-22.45M |
| Other Working Capital | $-9.04M | $-33.41M | $32.38M | $-2.33M | $-4.94M |
| Other Non Cash Items | $54.03M | $-31.07M | $-602.79M | $-644.00M | $133.19M |
| Net Cash Provided by Operating Activities | $343.91M | $195.37M | $-416.46M | $-306.05M | $187.68M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-46.93M | $- | $- | $- |
| Sales Maturities of Investments | $1.26B | $670.19M | $1.26B | $1.59B | $706.04M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $- |
| Debt Repayment | $237.75M | $25.49M | $551.46M | $542.79M | $-201.78M |
| Common Stock Issued | $- | $- | $- | $- | $300.43M |
| Common Stock Repurchased | $-4.81M | $-63.79M | $-36.42M | $-14.66M | $-45.53M |
| Dividends Paid | $-338.19M | $-191.47M | $-155.21M | $-139.12M | $-136.43M |
| Other Financing Activities | $-18.98M | $-5.78M | $-6.70M | $-22.16M | $-4.49M |
| Net Cash Used Provided by Financing Activities | $-124.24M | $-235.55M | $353.13M | $366.85M | $-87.81M |
| Effect of Forex Changes on Cash | $-331.00K | $-171.00K | $-458.00K | $-889.00K | $346.00K |
| Net Change in Cash | $219.35M | $-40.35M | $-63.79M | $59.91M | $100.22M |
| Cash at End of Period | $359.55M | $140.21M | $180.55M | $244.34M | $184.43M |
| Cash at Beginning of Period | $140.21M | $180.55M | $244.34M | $184.43M | $84.21M |
| Operating Cash Flow | $343.91M | $195.37M | $-416.46M | $-306.05M | $187.68M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $343.91M | $195.37M | $-416.46M | $-306.05M | $187.68M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.21M | $95.20M | $9.25M | $93.56M | $75.78M | $101.56M | $72.98M | $58.50M | $25.58M | $8.08M | $15.41M | $66.87M | $63.08M | $71.63M | $82.89M | $91.31M | $94.44M | $94.64M | $142.14M | $-228.96M |
| Depreciation and Amortization | $- | $112.00K | $- | $286.00K | $- | $- | $- | $- | $- | $- | $17.00K | $17.00K | $- | $- | $- | $13.00K | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-2.92M | $48.27M | $-27.14M | $7.88M | $-6.03M | $-32.28M | $2.81M | $-2.12M | $-587.00K | $12.84M | $6.51M | $8.29M | $5.46M | $-2.62M | $-745.00K | $-949.00K | $1.98M | $-9.57M | $-606.00K | $-8.33M |
| Accounts Receivables | $- | $16.77M | $16.13M | $-11.31M | $3.56M | $- | $1.31M | $- | $- | $- | $682.00K | $3.04M | $- | $1.36M | $1.19M | $242.00K | $- | $1.07M | $- | $91.00K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-2.99M | $- | $- | $1.30M | $1.07M | $-105.00K | $- | $- | $- | $- | $- | $- | $-241.00K | $-1.62M | $- | $- | $-140.00K | $-4.41M | $- | $- |
| Other Working Capital | $74.00K | $31.50M | $-43.27M | $17.89M | $-10.66M | $-32.18M | $1.50M | $-2.12M | $-587.00K | $12.84M | $5.83M | $5.25M | $5.70M | $-2.36M | $-1.93M | $-1.19M | $2.12M | $-6.24M | $-606.00K | $-8.42M |
| Other Non Cash Items | $-370.61M | $-343.61M | $118.88M | $47.67M | $93.88M | $-5.16M | $-27.25M | $-26.59M | $27.92M | $138.01M | $-208.31M | $-282.47M | $-250.27M | $-455.72M | $-40.19M | $113.19M | $-261.29M | $17.06M | $-36.91M | $330.01M |
| Net Cash Provided by Operating Activities | $-374.74M | $-200.03M | $100.99M | $149.38M | $163.63M | $64.12M | $48.54M | $29.79M | $52.92M | $158.93M | $-186.37M | $-207.29M | $-181.73M | $-386.70M | $41.95M | $203.57M | $-164.87M | $102.14M | $104.63M | $92.72M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-407.57M | $-73.71M | $- | $-37.78M | $-171.20M | $-163.77M | $- | $25.38M | $-25.08M | $-376.42M | $- | $14.66M | $-638.91M | $-347.52M | $- | $- | $- | $- |
| Sales Maturities of Investments | $450.17M | $- | $544.37M | $143.45M | $179.41M | $416.36M | $156.85M | $140.16M | $253.83M | $305.60M | $293.42M | $122.21M | $661.76M | $1.59B | $531.31M | $188.52M | $278.67M | $706.04M | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-294.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $352.41M | $243.00M | $-151.16M | $211.67M | $-65.76M | $-24.67M | $48.01M | $13.07M | $-10.92M | $-47.81M | $184.82M | $131.06M | $283.40M | $437.54M | $45.77M | $-256.32M | $306.05M | $12.62M | $-355.64M | $-62.65M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-4.81M | $- | $- | $- | $-13.45M | $-18.69M | $-22.50M | $-9.15M | $-11.05M | $-11.93M | $-13.45M | $- | $- | $- | $- | $-14.66M | $-14.85M | $-16.65M | $-14.03M |
| Dividends Paid | $-108.30M | $-139.02M | $-75.60M | $-63.84M | $-59.74M | $-56.15M | $-44.52M | $-43.55M | $-47.24M | $-40.22M | $-39.34M | $-37.36M | $-38.29M | $-35.85M | $-35.11M | $-34.31M | $-33.85M | $-33.66M | $-31.85M | $-30.12M |
| Other Financing Activities | $-5.98M | $-5.50M | $-145.00K | $-8.03M | $-5.31M | $-414.00K | $- | $-5.19M | $-178.00K | $-319.00K | $- | $-158.00K | $-6.22M | $-4.83M | $-1.45M | $- | $-6.13M | $-1.99M | $-629.00K | $27.00K |
| Net Cash Used Provided by Financing Activities | $238.14M | $93.68M | $-226.91M | $139.81M | $-130.81M | $-94.69M | $-15.20M | $-58.16M | $-67.49M | $-99.40M | $133.55M | $80.09M | $238.89M | $396.86M | $9.21M | $-290.63M | $251.41M | $-37.88M | $-104.35M | $-106.78M |
| Effect of Forex Changes on Cash | $-2.08M | $1.19M | $344.00K | $-2.26M | $396.00K | $-264.00K | $-3.00K | $40.00K | $56.00K | $-156.00K | $-328.00K | $51.00K | $-25.00K | $-660.00K | $-397.00K | $-24.00K | $192.00K | $81.00K | $45.00K | $345.00K |
| Net Change in Cash | $-138.68M | $-105.16M | $4.37M | $286.93M | $33.21M | $-30.83M | $33.34M | $-28.34M | $-14.52M | $59.37M | $-53.15M | $-127.14M | $57.13M | $9.50M | $50.76M | $-87.08M | $86.73M | $64.34M | $949.00K | $-14.08M |
| Cash at End of Period | $220.87M | $359.55M | $464.71M | $460.35M | $173.42M | $140.21M | $171.04M | $137.70M | $166.03M | $180.55M | $121.18M | $174.33M | $301.48M | $244.34M | $234.84M | $184.08M | $271.17M | $184.43M | $120.09M | $119.14M |
| Cash at Beginning of Period | $359.55M | $464.71M | $460.35M | $173.42M | $140.21M | $171.04M | $137.70M | $166.03M | $180.55M | $121.18M | $174.33M | $301.48M | $244.34M | $234.84M | $184.08M | $271.17M | $184.43M | $120.09M | $119.14M | $133.22M |
| Operating Cash Flow | $-374.74M | $-200.03M | $100.99M | $149.38M | $163.63M | $64.12M | $48.54M | $29.79M | $52.92M | $158.93M | $-186.37M | $-207.29M | $-181.73M | $-386.70M | $41.95M | $203.57M | $-164.87M | $102.14M | $104.63M | $92.72M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-374.74M | $-200.03M | $100.99M | $149.38M | $163.63M | $64.12M | $48.54M | $29.79M | $52.92M | $158.93M | $-186.37M | $-207.29M | $-181.73M | $-386.70M | $41.95M | $203.57M | $-164.87M | $102.14M | $104.63M | $92.48M |
Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.
$14.31
Stock Price
$3.80B
Market Cap
-
Employees
New York, NY
Location
Revenue (FY 2024)
$724.68M
20.2% YoY
Net Income (FY 2024)
$273.79M
5.9% YoY
EPS (FY 2024)
$1.36
-10.5% YoY
Free Cash Flow (FY 2024)
$343.91M
76.0% YoY
Profitability
Gross Margin
100.0%
Net Margin
37.8%
ROE
6.8%
ROA
3.1%
Valuation
P/E Ratio
11.11
P/S Ratio
4.20
EV/EBITDA
0.00
Market Cap
$3.80B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$343.91M
76.0% YoY
Free Cash Flow
$343.91M
76.0% YoY
Balance Sheet Summary
Total Assets
$8.71B
51.8% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$4.01B
33.3% YoY
Dividend Overview
$0.39
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-03-03 | $0.39 | March 03, 25 |
| 2024-12-09 | $0.39 | December 09, 24 |
| 2024-11-29 | $0.09 | November 29, 24 |
| 2024-08-30 | $0.39 | August 30, 24 |
| 2024-08-16 | $0.05 | August 16, 24 |
| 2024-06-13 | $0.05 | June 13, 24 |
| 2024-05-15 | $0.06 | May 15, 24 |
| 2024-05-01 | $0.39 | May 01, 24 |
| 2024-02-29 | $0.39 | February 29, 24 |
| 2024-02-14 | $0.07 | February 14, 24 |
Golub Capital BDC Dividends
Explore Golub Capital BDC's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
11.12%
Dividend Payout Ratio
123.52%
Dividend Paid & Capex Coverage Ratio
1.02x
Golub Capital BDC Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.39 | $0.39 | March 03, 2025 | March 03, 2025 | March 28, 2025 | February 04, 2025 |
| $0.39 | $0.39 | December 09, 2024 | December 09, 2024 | December 27, 2024 | November 14, 2024 |
| $0.09 | $0.09 | November 29, 2024 | December 09, 2024 | December 27, 2024 | November 14, 2024 |
| $0.39 | $0.39 | August 30, 2024 | August 30, 2024 | September 27, 2024 | August 05, 2024 |
| $0.05 | $0.05 | August 16, 2024 | August 16, 2024 | September 13, 2024 | June 02, 2024 |
| $0.05 | $0.05 | June 13, 2024 | June 13, 2024 | June 27, 2024 | June 02, 2024 |
| $0.06 | $0.06 | May 15, 2024 | May 16, 2024 | June 14, 2024 | |
| $0.39 | $0.39 | May 01, 2024 | May 02, 2024 | June 21, 2024 | April 19, 2024 |
| $0.39 | $0.39 | February 29, 2024 | March 01, 2024 | March 29, 2024 | January 17, 2024 |
| $0.07 | $0.07 | February 14, 2024 | February 15, 2024 | March 15, 2024 | February 02, 2024 |
| $0.37 | $0.37 | December 07, 2023 | December 08, 2023 | December 29, 2023 | November 17, 2023 |
| $0.07 | $0.07 | November 30, 2023 | December 01, 2023 | December 15, 2023 | November 17, 2023 |
| $0.37 | $0.37 | August 31, 2023 | September 01, 2023 | September 29, 2023 | August 03, 2023 |
| $0.04 | $0.04 | August 17, 2023 | August 18, 2023 | September 15, 2023 | August 07, 2023 |
| $0.33 | $0.33 | June 01, 2023 | June 02, 2023 | June 29, 2023 | May 05, 2023 |
| $0.33 | $0.33 | March 02, 2023 | March 03, 2023 | March 29, 2023 | February 08, 2023 |
| $0.33 | $0.33 | December 08, 2022 | December 09, 2022 | December 29, 2022 | November 18, 2022 |
| $0.3 | $0.3 | September 01, 2022 | September 02, 2022 | September 29, 2022 | August 05, 2022 |
| $0.3 | $0.3 | June 02, 2022 | June 03, 2022 | June 29, 2022 | May 06, 2022 |
| $0.3 | $0.3 | March 03, 2022 | March 04, 2022 | March 29, 2022 | February 04, 2022 |
Golub Capital BDC News
Read the latest news about Golub Capital BDC, including recent articles, headlines, and updates.
Out Of 70 Graham Value All-Stars, These 16 'Safer' Stocks Stand Out For April
The Value Score identifies large-cap stocks offering high intrinsic value relative to their price, helping investors find undervalued companies with strong assets and profits. The Ben Graham Formula highlights ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term, defensive investing. 24 out of 69 April Graham All-Star-Value (GASV) Dividend stocks offer “safer” dividends with yields lower than their free cash flow yields. And 16 show IDEAL annual dividends (from $1K invested).
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.
Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Second Quarter Results
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com), announced today that it will report its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 12:00 p.m. (Eastern Time) on Tuesday, May 6, 2025 to discuss its quarterly financial results. All interested parties may participate in the conference.
Golub Capital BDC: Disappointing Performance, Not As Bad As It Seems (Rating Downgrade)
Due to economic uncertainty and a disappointing quarter, I am downgrading Golub Capital BDC from a buy to a hold. Despite misses in the top and bottom lines, GBDC's credit rating upgrade and higher originations are positive signs for future performance. Management expects improved net investment income from higher originations and restructured borrowers, but economic volatility remains a risk.
Buy The Dip: Undervalued 6-10% Yields To Weather What's Next
Inflation is heating up and growth is slowing—here's where the smart money is heading. These two hidden gems offer high income, recession resistance, and inflation protections. One name is quietly yielding over 10% while flying under Wall Street's radar.
70 Graham All-Star Value (GASV) March Dividends Show 19 "Safer" Bearing 13 Ideal Dividend Dogs
The Large Cap Value and Ben Graham Formula strategies identify undervalued, stable stocks with strong fundamentals and low valuations, ideal for long-term investment. Analysts project significant gains (28.24% to 85.64%) from top-ten GASV Dogs by March 2026, based on dividend yields and target prices. Thirteen of nineteen "safer" GASV Dogs are recommended buys, offering reliable dividends and fair pricing relative to their intrinsic value.
Let's Talk Mortgage REITs (But Not For Too Long)
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 BDC Peers - Part 2 (Includes Updated Dividend Projections)
Part 2 of this article compares GBDC's recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 11 other BDC peers. This includes a comparative analysis of GBDC's cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. GBDC's “base” dividend sustainability remains strong. When comparing/analyzing all metrics (including additional metrics not mentioned), GBDC is currently deemed to be appropriately valued as a Hold.
How I'd Invest $100,000 Right Now For Stagflation (Up To 10% Yields)
Worried about stagflation? These dividend machines could protect your portfolio and pay you up to 10% yields. Stocks you'll want to own before inflation bites again. These picks crush SCHD and VYM in yield—and might just help you sleep better through market chaos.
Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025)
Part 1 of this article compares GBDC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis between each company's investment portfolio as of 9/30/2024 and 12/31/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).
9% Yields From Baby Bonds
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.
Golub Capital: Is A Dividend Cut In The Cards In 2025? (Rating Downgrade)
Golub Capital BDC's dividend pay-out ratio rose to 123% in 4Q24, raising concerns about potential dividend cuts in 2025 despite improved credit profile. The BDC's portfolio grew to $8.7 billion with a strong focus on First Lien loans, benefiting from robust origination growth and successful restructuring. Despite earning $0.39 per share in adjusted net investment income, the total dividend pay-out ratio suggests heightened dividend risks, leading to a 'Hold' rating.
Golub Capital: A Solid Result From This Consistent BDC
Golub Capital BDC delivered a solid quarter with a 2.8% total NAV return. It trades at a 10% dividend yield and a 3% premium to NAV. The company's portfolio is well-diversified with 386 positions, primarily in floating-rate first-lien loans; it is focused on the software and healthcare sectors. Despite a 17% drop in adjusted net investment income, the decline was less than 5% after adjusting for non-repeatable items; no supplemental dividend was declared.
10% Yields With Lower Risk: 3 Rare Buying Opportunities You Can't Ignore
These 3 high-yield stocks offer double-digit payouts while keeping risk in check—find out why the market is mispricing them. A government-backed REIT, a powerhouse midstream MLP, and a rock-solid BDC—all yielding 10%+ and primed for growth. Investors rarely get opportunities like this—here's how to lock in sustainable 10%+ yields before the market catches on.
An Important Warning For Dividend Investors
Dividend stocks may look cheap, but are they actually value traps? We uncover the truth. The REIT, energy, and BDC sectors face major headwinds—find out which stocks to avoid. Our high-yield strategy targets hidden gems while sidestepping the biggest pitfalls.
BDC Weekly Review: Markets Care More About Income
We take a look at the action in business development companies through the first week of February and highlight some of the key themes we are watching. BDCs underperformed this week with a total return of around -1%, diverging from other income sectors buoyed by rising Treasuries. Market reaction to earnings highlights a focus on income over total NAV return, as seen with ARCC and GBDC's recent performance.
Golub Capital BDC, Inc. (GBDC) Q1 2025 Earnings Call Transcript
Golub Capital BDC, Inc. (NASDAQ:GBDC ) Q1 2025 Earnings Conference Call February 5, 2025 10:00 AM ET Company Participants David Golub - Chief Executive Officer Chris Ericson - Chief Financial Officer Matt Benton - Chief Operating Officer Conference Call Participants Ray Cheesman - Anfield Capital Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Operator Hello everyone, and welcome to GBDC's Earnings Call for the Fiscal Quarter Ended December 31, 2024. Before we begin, I'd like to take a moment to remind our listeners that remarks made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Retirement Income: Great 7-11% Yields You Can Count On
Stocks fall in and out of favor with investors all the time. Buying high quality stocks that offer high yields at discounted prices can be a winning strategy. In this article, I highlight two such picks that offer market-beating total return potential.
Golub Capital BDC, Inc. Announces Fiscal Year 2025 First Quarter Financial Results
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its first fiscal quarter ended December 31, 2024. Except where the context suggests otherwise, the terms “we,” “us,” “our,” and “Company” refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. “GC Advisors” refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS (in thousands, except per share data) .
OBDC & GBDC: Two Income Investments That Offer A Great Value Position
Not all dividend yields are created equal; investors must differentiate between high-yield investments to understand associated risks and income utilization. Blue Owl Capital (OBDC) and Golub Capital (GBDC) are highlighted as examples of firms with distinct yield profiles and risk factors. They continue to support distributions without issue. Despite offering a double digit dividend yield, these BDCs are well structured with relatively low risk.
3 Big Dividend Laggards That Could Still Crush The Market In 2025
There are numerous high-quality, high-yielding stocks that trade at compelling bargains. I share three that have been lagging the S&P 500 so far this year that I think could turn it around and end up crushing the market this year. I detail why I think this will happen.
2 Very Overrated And 2 Very Underrated Big Dividend Stocks
High-yield stocks with strong business models and balance sheets reduce investment speculation and offer attractive total returns, but valuation still matters. I look at two big dividend blue-chip stocks that appear overvalued. I also look at two big dividend blue-chip stocks that appear undervalued.
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