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Golub Capital BDC, Inc. (GBDC)

Financial Services | Asset Management | New York, United States | NasdaqGS
13.03 USD -0.04 (-0.306%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 13.03

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | Aug. 22, 2026, 5:30 a.m. EDT

Golub Capital BDC presents a classic value trap scenario where attractive metrics mask deteriorating operational reality. While the 10% dividend yield is compelling, the payout ratio of 218% is a critical red flag, indicating the company is distributing far more cash than it generates in earnings, likely dipping into reserves or debt proceeds to maintain the payout. Fundamentally, the business is struggling with negative revenue growth (-14%) and a sharp contraction in earnings (-35%), while the stock has underperformed significantly over the last nine years, dropping nearly 21%. The balance sheet is fragile with a debt-to-equity ratio exceeding 120% and a current ratio well below 1.0, suggesting liquidity stress. Although the stock trades at a discount to book value, this reflects the market's skepticism about the company's ability to sustain operations and grow. The heavy put option activity confirms that traders are bracing for further weakness. Until the payout ratio normalizes and revenue growth turns positive, the high yield is insufficient to justify the substantial capital risk.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.021225
MSTL0.033684
AutoETS0.035666
AutoTheta0.035710

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 64%
H-stat 0.09
Ljung-Box p 0.000
Jarque-Bera p 0.117
Excess Kurtosis 0.03
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-13
Last Dividend Date 2026-06-14
Debt to Equity Ratio 122.475
Revenue per Share 3.041
Market Cap 3,383,260,160
Trailing P/E 19.74
Forward P/E 10.26
Beta 0.42
Profit Margins 21.45%
Website https://www.golubcapitalbdc.com

As of Aug. 22, 2026, 5:30 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume relative to calls, particularly in the September and November expirations where OTM put open interest dominates. This suggests a fear of downside volatility rather than a bullish bet on significant gains. Implied volatility is elevated on the downside strikes compared to the upside, indicating the market prices in a higher probability of a drop than a rally.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.59% 10.96% 11.39% 10.42%
Dividend History
Date Dividend Yield %
2026-06-15 0.330000 2.594340
2026-03-13 0.330000 2.756892
2025-12-12 0.390000 2.834302
2025-09-15 0.390000 2.773826
2025-06-13 0.390000 2.654867
2025-03-03 0.390000 2.565790
2024-12-09 0.390000 2.575958
2024-11-29 0.090000 0.574346
2024-08-30 0.390000 2.619207
2024-08-16 0.100000 0.683527
2024-06-13 0.050000 0.316056
2024-05-15 0.060000 0.368098
2024-05-01 0.390000 2.296820
2024-02-29 0.390000 2.504817
2024-02-14 0.070000 0.451613
2023-12-07 0.370000 2.542955
2023-11-30 0.070000 0.470430
2023-08-31 0.370000 2.573018
2023-08-17 0.040000 0.272109
2023-06-01 0.330000 2.521008
2023-03-02 0.330000 2.419355
2022-12-08 0.330000 2.515244
2022-09-01 0.300000 2.245509
2022-06-02 0.300000 2.156722
2022-03-03 0.300000 1.923077
2021-12-09 0.300000 1.996008
2021-09-07 0.290000 1.889251
2021-06-10 0.290000 1.877023
2021-03-04 0.290000 1.939799
2020-12-10 0.290000 2.112163
2020-09-04 0.290000 2.248062
2020-06-08 0.290000 2.292490
2020-03-05 0.323213 1.936623
2019-12-11 0.450539 2.562676
2019-08-16 0.313418 1.744819
2019-06-06 0.313418 1.845443
2019-03-06 0.313418 1.782729
2018-12-11 0.430950 2.453987
2018-09-06 0.313418 1.706665
2018-06-07 0.313418 1.747678
2018-03-07 0.313418 1.770890
2017-12-11 0.391773 2.123143
2017-09-01 0.313418 1.721354
2017-06-02 0.313418 1.596805
2017-03-03 0.313418 1.675392
2016-12-08 0.558276 3.091105
2016-08-31 0.313418 1.673639
2016-06-02 0.313418 1.852923
2016-03-03 0.313418 1.916166
2015-12-09 0.313418 1.900236
2015-09-02 0.313418 1.875731
2015-06-16 0.313418 1.909307
2015-03-18 0.313418 1.876832
2014-12-16 0.313418 1.880140
2014-09-12 0.313418 1.902496
2014-06-12 0.313418 1.849710
2014-03-13 0.313418 1.707576
2013-12-13 0.313418 1.804849
2013-09-11 0.313418 1.849710
2013-06-11 0.313418 1.816117
2013-03-12 0.313418 1.958383
2012-12-12 0.313418 2.084689
2012-09-11 0.313418 2.081976
2012-06-13 0.313418 2.122015
2012-03-14 0.313418 2.169490
2011-12-15 0.313418 2.052596
2011-09-15 0.313418 2.143334
2011-06-15 0.313418 2.169490
2011-03-16 0.313418 2.020201
2010-12-16 0.303624 1.862981
2010-09-08 0.303624 2.137932
2010-06-18 0.235064 1.666669
Additional Data
dividendRate 1.32
dividendYield 10.1
exDividendDate 2026-09-14
trailingAnnualDividendRate 1.44
trailingAnnualDividendYield 0.11017598
lastDividendValue 0.33
lastDividendDate 2026-06-15
dividendDate 2026-09-29

Info Dump

Attribute Value
52 Week Change -0.11661017
Address1 200 Park Avenue
Address2 25th Floor
All Time High 20.078356
All Time Low 8.893242
Ask 13.0
Ask Size 1
Average Daily Volume10 Day 937,840
Average Daily Volume3 Month 1,120,931
Average Volume 1,120,931
Average Volume10Days 937,840
Beta 0.42
Bid 9.43
Bid Size 2
Book Value 14.248
City New York
Compensation As Of Epoch Date 1,703,980,800
Country United States
Crypto Tradeable 0
Currency USD
Current Price 13.03
Current Ratio 0.136
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 13.19
Day Low 12.96
Debt To Equity 122.475
Display Name Golub Capital BDC
Dividend Date 1,790,640,000
Dividend Rate 1.32
Dividend Yield 10.1
Earnings Call Timestamp End 1,785,852,000
Earnings Call Timestamp Start 1,785,852,000
Earnings Growth -0.351
Earnings Quarterly Growth -0.367
Earnings Timestamp 1,785,787,200
Earnings Timestamp End 1,794,945,600
Earnings Timestamp Start 1,794,945,600
Ebitda Margins 0.0
Enterprise To Revenue 9.867
Enterprise Value 7,900,806,144
Eps Current Year 1.37
Eps Forward 1.27
Eps Trailing Twelve Months 0.66
Esg Populated 0
Ex Dividend Date 1,789,344,000
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 750 3756
Fifty Day Average 12.935
Fifty Day Average Change 0.09499931
Fifty Day Average Change Percent 0.007344361
Fifty Two Week Change Percent -11.661016
Fifty Two Week High 14.9
Fifty Two Week High Change -1.8699999
Fifty Two Week High Change Percent -0.12550335
Fifty Two Week Low 11.77
Fifty Two Week Low Change 1.2599993
Fifty Two Week Low Change Percent 0.10705176
Fifty Two Week Range 11.77 - 14.9
Financial Currency USD
First Trade Date Milliseconds 1,271,338,200,000
Five Year Avg Dividend Yield 9.34
Forward Eps 1.27
Forward P E 10.259843
Free Cashflow 275,754,880
Full Exchange Name NasdaqGS
Fullday Change -0.04
Fullday Change Percent -0.306044
Fullday Price 13.03
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 800,712,000
Has Pre Post Market Data 1
Held Percent Insiders 0.01395
Held Percent Institutions 0.50206
Implied Shares Outstanding 259,651,589
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.33
Last Fiscal Year End 1,759,190,400
Last Split Date 1,586,736,000
Last Split Factor 1,021:1000
Long Business Summary Golub Capital BDC, Inc. (GBDC) is a Private Debt, 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.
Long Name Golub Capital BDC, Inc.
Market us_market
Market Cap 3,383,260,160
Market State CLOSED
Max Age 86,400
Message Board Id finmb_81683203
Most Recent Quarter 1,782,777,600
Net Income To Common 171,748,992
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 3,393,646,268
Number Of Analyst Opinions 6
Open 13.19
Operating Cashflow 919,640,000
Operating Margins 0.77883005
Payout Ratio 2.1818
Peg Ratio 1.4
Phone 212 750 6060
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 13.03
Post Market Time 1,787,959,805
Previous Close 13.07
Price Eps Current Year 9.510949
Price Hint 2
Price To Book 0.9145143
Price To Sales Trailing12 Months 4.2253146
Profit Margins 0.21450001
Quick Ratio 0.082
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.04
Regular Market Change Percent -0.306044
Regular Market Day High 13.19
Regular Market Day Low 12.96
Regular Market Day Range 12.96 - 13.19
Regular Market Open 13.19
Regular Market Previous Close 13.07
Regular Market Price 13.03
Regular Market Time 1,787,947,201
Regular Market Volume 866,229
Return On Assets 0.04452
Return On Equity 0.04461
Revenue Growth -0.14
Revenue Per Share 3.041
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 259,651,589
Shares Percent Shares Out 0.048
Shares Short 12,475,264
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 12,975,515
Short Name Golub Capital BDC, Inc.
Short Percent Of Float 0.0495
Short Ratio 11.44
Source Interval 15
State NY
Symbol GBDC
Target High Price 14.0
Target Low Price 13.0
Target Mean Price 13.625
Target Median Price 13.625
Total Cash 20,006,000
Total Cash Per Share 0.077
Total Debt 4,537,551,872
Total Revenue 800,712,000
Tradeable 0
Trailing Annual Dividend Rate 1.44
Trailing Annual Dividend Yield 0.11017598
Trailing Eps 0.66
Trailing P E 19.742422
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 13.10205
Two Hundred Day Average Change -0.072050095
Two Hundred Day Average Change Percent -0.005499147
Type Disp Equity
Volume 866,229
Website https://www.golubcapitalbdc.com
Zip 10,166