OCSL - Golub Capital: 11% Yield And Merger Catalyst

2024-05-23 20:42:11 ET

Summary

• Golub Capital BDC is selling at a reasonable 8% premium to net asset value, considering its strong dividend coverage and growth in net investment income.
• The company announced a merger with another BDC, which will improve its scale and fee structure.
• Golub Capital BDC has robust dividend coverage and has consistently paid special dividends, making it an attractive option for passive income investors.

Golub Capital BDC Inc. ( GBDC ) is selling for a reasonable 8% premium to net asset value considering the strength of the business development company’s underlying excess dividend coverage and adjusted net investment income growth....

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