Golub Capital BDC Announces An Increase In The Base Quarterly Distribution To $0.39 Per Share From $0.37 Per Share
Portfolio Pulse from Benzinga Newsdesk
Golub Capital BDC, Inc. (NASDAQ:GBDC) announced preliminary financial results for Q1 ended December 31, 2023, showing strong performance with record Adjusted Net Investment Income per share and robust credit quality. Consequently, GBDC increased its base quarterly distribution from $0.37 to $0.39 per share. Additionally, GBDC's investment adviser, GC Advisors LLC, agreed to reduce income and capital gain incentive fee rates from 20.0% to 15.0%.
January 17, 2024 | 1:52 pm
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Golub Capital BDC, Inc. (GBDC) reported strong Q1 results, increased its quarterly distribution, and saw a reduction in incentive fee rates, indicating a positive outlook and financial health.
The increase in GBDC's quarterly distribution is a direct result of its strong financial performance, which is typically viewed positively by investors and can lead to a short-term increase in stock price. The reduction in incentive fee rates may also be perceived as a commitment to shareholder value, potentially attracting more investors.
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