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Golub Capital BDC

GBDC

Market cap $3.38B

13.00 USD

+0.03

0.23%

At close Updated Sep 4, 4:00 PM EDT

1 day

0.23%

5 days

0.15%

1 month

-0.61%

3 months

-1.44%

6 months

4.33%

Year to date

-4.2%

1 year

-12.1%

5 years

-15.31%

10 years

-29.08%

About: Golub Capital BDC Inc. is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to generate current income and capital appreciation by investing in senior secured and one-stop loans in U.S. middle-market companies. It also invests in second-lien and subordinated loans, warrants, and minority equity securities in U.S. middle-market companies. The company generally invests in securities rated below investment grade by independent rating agencies, or those that would be rated below investment grade if evaluated. The company operates in the USA, Canada, and other countries, with the majority of its revenue coming from the USA.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 36.8%

Neutral 31.6%

Negative 31.6%

My Income Portfolio: The Knight's Move

Inspired by the horse race in the 2026 Palio di Siena, I made a financial move that I hope will be just as clever as the knight's move in chess. I decided to close out two positions in my Cupolone portfolio that I wasn't entirely convinced about, raising cash to reinvest when the opportunity arises. The purpose of this move is to use this liquidity in securities with better overall NAV performance and a greater likelihood of long-term success.

My Income Portfolio: The Knight's Move

The Best REIT And BDC To Own If Things Get Rougher From Here

The market is a precarious place to invest right now, given where valuations and risks sit. I discuss the REIT and BDC that are best positioned to weather a major downturn from a qualitative and quantitative standpoint. I also discuss the risks involved.

The Best REIT And BDC To Own If Things Get Rougher From Here

Golub Capital: The 15% Dividend Cut May Not Be The Last

Golub Capital BDC remains under pressure, with sequential declines in portfolio value, NAV, and investment activity despite a recent 15% dividend cut. GBDC's dividend coverage is tight at 103%, leaving little cushion; further deterioration in net investment income could prompt another cut within two to four quarters. Rising non-accruals, declining portfolio yields, and continued NAV erosion drive my continued sell rating, outweighing the appeal of the current 8% NAV discount and high yield.

Golub Capital: The 15% Dividend Cut May Not Be The Last

My Income Portfolio: The Music Of Dividends

A note is the basic element of musical language: each one represents a sound, and through their combination music takes shape. As with notes on a staff, infinite are the combinations of financial instruments through which investors' portfolios take shape. My current portfolio consists of 28 securities that play a music generated by the flow of dividends against the backdrop of a rising NAV for most of them.

My Income Portfolio: The Music Of Dividends

Private Credit Is Under Growing Strain, Despite Industry's Upbeat Tone

Default rates are hitting recent highs, and internal reviews of loan health point to tougher times ahead, a WSJ analysis shows.

Private Credit Is Under Growing Strain, Despite Industry's Upbeat Tone

Golub Capital: I Want To Hold It, But

Golub Capital BDC is downgraded from HOLD to SELL due to portfolio deterioration and valuation concerns. Non-accruals and internal rating migrations signal rising credit risk, with portfolio quality eroding faster than peers. GBDC's 0.33 dividend is just covered by NII; no cushion exists for further deterioration, putting the payout at risk.

Golub Capital: I Want To Hold It, But

The 2 Most Misunderstood 10%+ Yielding Income Investments In The Market Today

Double-digit yields are not automatically dangerous, but investors must understand the structural trade-offs hiding behind the headline payout. I detail two of the most misunderstood 10%+ yielding investment opportunities in today's market. I also share some of my favorite picks.

The 2 Most Misunderstood 10%+ Yielding Income Investments In The Market Today

Golub Capital: Second Dividend Reset In 2026 Possible

Golub Capital BDC remains a 'Hold' due to persistent non-accrual increases and a razor-thin dividend coverage ratio. GBDC's 100% dividend coverage offers no safety margin; a second dividend cut in 2026 is increasingly likely if current trends persist. Portfolio value declined 8.5% year-over-year, with non-accruals rising to 1.9% at fair value, exacerbating dividend risk.

Golub Capital: Second Dividend Reset In 2026 Possible

Golub Capital BDC (GBDC) Q3 2026 Earnings Call Transcript

Golub Capital BDC (GBDC) Q3 2026 Earnings Call Transcript

Golub Capital BDC (GBDC) Q3 2026 Earnings Call Transcript

Golub Capital BDC Q3 Earnings Call Highlights

Golub Capital BDC NASDAQ: GBDC reported improved fiscal third-quarter results for the period ended June 30, 2026, as lower realized and unrealized losses offset continued credit stress across the direct-lending market.

Golub Capital BDC Q3 Earnings Call Highlights

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