GBDC Dividend, NAV and Risk Analysis
Golub Capital BDC, Inc. is a publicly traded business development company. The income case begins with recurring earnings after financing costs, operating expenses, and credit effects.
The central question is whether recurring net investment income covers the regular dividend while credit performance and net asset value remain acceptable.
GBDC at a glance
- Company: Golub Capital BDC, Inc.
- Ticker: GBDC
- Structure: business development company
- Primary capital measure: net asset value per share
How to judge the dividend
The coverage chart should be read with changes in net asset value, leverage, liquidity, and credit quality. One quarter of coverage is useful evidence, but durable income requires repeatable earnings across a full rate and credit cycle.
*Fly High Investing uses a proprietary projection algorithm that more accurately predicts dividend coverage vs common analyst sentiment. The 12 month projection is based on the most recent data and quarter
Recent News
- Golub Capital BDC Funds Employee Incentive Share Program August 12, 2026Detailed price information for Golub Capital Bdc (GBDC-Q) from The Globe and Mail including charting and trades.
- Golub Capital: Second Dividend Reset In 2026 Possible August 4, 2026A second dividend cut in 2026 is increasingly likely by Golub Capital if current trends persist. Find out why GBDC stock remains a Hold.
- Golub Capital: The Yield Is A Trap August 4, 2026Golub Capital was forced to recalibrate the quarterly dividend payment from $0.39 per share to $0.33 per share. Learn why GBDC stock is downgraded to a sell.
- Golub Capital BDC Stock Dividends | NASDAQ:GBDC | Benzinga July 30, 2026Golub Capital BDC's next dividend was announced on July 31, 2026 and will have an ex-dividend date of September 14, 2026. The next dividend payout for Golub Capital BDC (GBDC) will be on September 29, ...
- Is the Options Market Predicting a Spike in Advance Auto Parts Stock? August 19, 2025Investors in Advance Auto Parts, Inc. AAP need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 19, 2025 $17.5 Call had some of the highest ...
- Reminder - Golub Capital BDC (GBDC) Goes Ex-Dividend Soon December 5, 2024Looking at the universe of stocks we cover at Dividend Channel, on 12/9/24, Golub Capital BDC Inc (Symbol: GBDC) will trade ex-dividend, for its quarterly dividend of $0.39, payable on 12/27/24. As a ...
- GBDC Quantitative Stock Analysis - Martin Zweig August 14, 2023Below is Validea's guru fundamental report for GOLUB CAPITAL BDC INC (GBDC). Of the 22 guru strategies we follow, GBDC rates highest using our Growth Investor model based on the published strategy of ...
- Golub Capital Bdc Inc (GBDC) CEO David Golub Bought $79,787 of Shares November 10, 2020Golub Capital BDC Inc is a closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and ...
- Is Golub Capital BDC Inc (GBDC) A Good Stock To Buy? December 13, 2016It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick ...
Annual and Quarterly Reports
- Annual report [Section 13 and 15(d), not S-K Item 405]Filed: 2025-11-18 AccNo: 0001476765-25-000096 Size: 70MB
- Quarterly report [Sections 13 or 15(d)]Filed: 2026-05-04 AccNo: 0001476765-26-000033 Size: 65MB
- Quarterly report [Sections 13 or 15(d)]Filed: 2026-02-04 AccNo: 0001476765-26-000012 Size: 75MB
- Quarterly report [Sections 13 or 15(d)]Filed: 2026-08-03 AccNo: 0001476765-26-000048 Size: 68MB
Earnings, NAV and credit measures to monitor
Investors should monitor:
- Net investment income and the portion that is recurring. This helps distinguish repeatable income from temporary support.
- Regular dividend coverage. This helps distinguish repeatable income from temporary support.
- Net asset value per share. This helps distinguish repeatable income from temporary support.
- Non-accruals, realized losses, and portfolio marks. This helps distinguish repeatable income from temporary support.
- Leverage and funding costs. This helps distinguish repeatable income from temporary support.
Principal risks for income investors
- Borrower credit deterioration and non-accrual growth.
- Lower base rates reducing income on floating-rate loans.
- Net asset value erosion.
- Leverage or funding costs that outpace portfolio returns.
A covered dividend does not automatically make the common stock low risk. Earnings must be evaluated with capital preservation, leverage, liquidity, and realized credit outcomes.
Public research and subscriber analysis
This page uses public business information, dividend-coverage history, current news, SEC filings, and principal risks. It does not identify whether GBDC is a current Fly High portfolio holding.
Fly High subscribers receive the current portfolio list, portfolio changes, proprietary forward assessments, performance tables, and continuing interpretations of the income strategy.
Primary sources
- Company investor-relations materials and periodic reports
- SEC EDGAR company filings
This page is for education and information, not individualized investment, tax, or legal advice.