BDCs will begin reporting calendar Q1 2019 results later this month starting with ARCC and investors should be closely monitoring dividend coverage potential and portfolio credit quality. This article discusses some of the items that investors should be watching and reasons to invest in Golub Capital BDC (GBDC) including:
- Upcoming merger with GCIC driving higher NAV per share and dividend increase
- Stock price potentially headed into 'oversold' territory
- Paying out undistributed/spillover income to shareholders as special dividends rather than retaining internally
- Excellent credit platform and underwriting history/standards
- Best-of-breed fee structure designed to cover