GBDC - Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play
2024-06-13 07:00:00 ET
Summary
- Golub Capital's recent pullback in share price gives investors a chance to pick up a quality BDC at a slight premium above NAV.
- As seen by the BDC's credit quality and dividend coverage, GBDC still remains attractively valued in comparison to some of its peers.
- This credit quality, robust liquidity, and strong dividend coverage also make Golub Capital BDC an attractive income play.
- GBDC delivered a strong earnings report in May, with non-accruals declining to less than 1% and NAV growth on a sequential and annualized basis.
Introduction
Business Development Companies have performed well since the start of interest rate hikes in 2022. As a result, many of them trade at significant premiums above their NAV prices....
Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play