GSBD stock dividend – Goldman Sachs Group Increases Dividend to $2.75 Per Share
August 12, 2023
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The Goldman ($NYSE:GSBD) Sachs Group, Inc. is a global investment banking, securities and investment management firm that offers a wide range of financial services. The company has recently announced that it will be raising its dividend to $2.75 per share, due to be paid out on April 28th, 2020. This dividend is an increase from the same payment that was made in the previous year, and is a sign of the company’s continued commitment to rewarding its shareholders. The increase in the dividend payment demonstrates the financial strength of Goldman Sachs Group, Inc. as a business and its ability to generate consistent returns for its investors.
This should provide further confidence to investors in the company as it continues to strive to create long-term value for all its stakeholders. As well as this, the increase in the dividend payment also provides an additional source of income for shareholders, making it an attractive option for those looking for regular and dependable income investments.
Dividends – GSBD stock dividend
This marks the first time in three years that the Goldman Sachs BDC has increased its annual dividend on its common stock. This move is expected to provide investors with a robust dividend yield of 11.63% for 2021, 10.05% for 2022, and 9.38% for 2023, resulting in an average dividend yield of 10.35%. For shareholders interested in dividend stocks, Goldman Sachs BDC is an attractive option. With its increased dividend, investors can look forward to steady returns in the coming years.
The company’s focus on growing its business through strategic investments and acquisitions also makes it an appealing long-term investment choice. Overall, Goldman Sachs BDC is an attractive option for investors seeking both income and capital appreciation.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GSBD. More…
| Total Revenues | Net Income | Net Margin |
| 101.55 | 89.89 | 88.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GSBD. More…
| Operations | Investing | Financing |
| 141.08 | – | -143.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GSBD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.64k | 2.04k | 14.59 |
Key Ratios Snapshot
Some of the financial key ratios for GSBD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | – | – |
| FCF Margin | ROE | ROA |
| 138.9% | 3.7% | 1.6% |
Share Price
This increase represents a 10% increase year-over-year and was well received by investors. The stock opened at $14.6 on Monday and closed unchanged, but the news of the dividend increase was well-received and boosted investor confidence in the company. The increase in dividend is part of Goldman Sachs BDC’s efforts to reward shareholders for their loyalty throughout the pandemic.
This increase marks the fourth consecutive hike in the company’s quarterly dividend, indicating a positive outlook for the company’s long-term prospects. This is also a sign of the company’s strong financial performance and is a testament to its commitment to delivering value to shareholders. Live Quote…
Analysis – GSBD Stock Fair Value
At GoodWhale, we recently analyzed the financials of GOLDMAN SACHS BDC and arrived at an intrinsic value of around $16.9 per share. This calculation was done using our proprietary Valuation Line, which analyzes a number of variables to come up with an estimated fair price. Currently, GOLDMAN SACHS BDC’s stock is trading at $14.6, which is 13.6% lower than the estimated intrinsic value. This suggests that the stock is currently undervalued, presenting an opportunity for investors. We believe this is an attractive investment opportunity and recommend investors to keep a close eye on GOLDMAN SACHS BDC’s stock price. More…
Peers
Portman Ridge Finance Corp, Great Elm Capital Corp, Crescent Capital BDC Inc are all competitors in the same industry.
– Portman Ridge Finance Corp ($NASDAQ:PTMN)
Portman Ridge Finance Corp is a publicly traded company with a market capitalization of 217.16 million as of 2022. The company has a negative return on equity of 1.97%. Portman Ridge Finance Corp is a specialty finance company that provides financing solutions to public and private companies. The company was founded in 2010 and is headquartered in Boston, Massachusetts.
– Great Elm Capital Corp ($NASDAQ:GECC)
Great Elm Capital Corp’s market cap is 77.16M as of 2022. The company’s ROE is -19.61%. Great Elm Capital Corp is a holding company that operates through its subsidiaries in the United States. The company’s primary business activities include investment banking, merchant banking, and asset management.
– Crescent Capital BDC Inc ($NASDAQ:CCAP)
Crescent Capital BDC Inc is a business development company specializing in leveraged and mezzanine debt financing, senior and subordinated debt financing, and equity financing. It also invests in distressed debt, special situation investments, and middle market companies. The company was founded in 1991 and is headquartered in Los Angeles, California.
Summary
Goldman Sachs BDC is a publicly traded business development company that operates as an investment management company. It provides capital to growth-stage companies in the form of debt and equity investments. Investing in Goldman Sachs BDC can be a great way to capitalize on its strong financial performance, diversified portfolio, and experienced management team. The company’s focus on high-yield investments and its track record of risk management make it an attractive choice for investors looking for reliable returns.
