Golub Capital BDC, Inc. Announces Fourth Fiscal Quarter 2024 Financial Results
Golub Capital BDC, Inc. (NASDAQ: GBDC) reported its financial results for the fourth fiscal quarter, which ended on September 30, 2024.
Key Financial Metrics
| Financial Metric | Q4 2024 | Q3 2024 | QoQ Comparison |
|---|---|---|---|
| Net Investment Income per Share | $0.45 | $0.46 | -2.17% |
| Adjusted Net Investment Income per Share | $0.47 | $0.48 | -2.08% |
| Net Realized and Unrealized Gain/(Loss) | $(0.09) | $(0.41) | N/A |
| Adjusted Net Realized and Unrealized Gain/(Loss) | $(0.11) | $(0.17) | N/A |
| Earnings per Share | $0.36 | $0.05 | +620% |
| Adjusted Earnings Per Share | $0.36 | $0.31 | +16.13% |
| Net Asset Value (NAV) per Share | $15.19 | $15.32 | -0.85% |
Golub Capital BDC's net investment income per share demonstrated slight adjustments quarter-over-quarter. Earnings per share saw a substantial increase when compared to the previous quarter, indicating improved operational performance in the period.
Key Developments and Operational Highlights
- Declared a quarterly distribution of $0.39 per share and a supplemental distribution of $0.04 per share.
- Completed approximately $4.8 million in share repurchases, equating to 331,928 shares.
- Golub Capital Employee Grant Program Rabbi Trust purchased approximately $8.1 million in shares for employee incentive compensation.
- Ended the quarter with investments in 381 portfolio companies worth a total of $8,235.4 million at fair value.
Dividends and Share Repurchase Program
Golub Capital BDC announced the following distribution actions: - A series of special distributions totaling $0.15 per share, distributed in three consecutive quarterly payments of $0.05 per share per quarter. - A regular quarterly dividend payment of $0.39 per share, payable on December 27, 2024. - A supplemental distribution of $0.04 per share.
Stock Price Movement
Following the earnings announcement, GBDC's stock displayed a minor change, appreciating by approximately 0.0322%.
For comprehensive details on earnings and strategy, stakeholders are encouraged to review the company's complete earnings presentation available on the Golub Capital BDC website.
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