2024-02-08 12:26:14 ET
Summary
- Golub Capital BDC (GBDC) has released its Q1 2024 earnings, which strengthen the previous buy thesis for the stock.
- GBDC has maintained its net investment income per share at $0.50, despite challenges in deal origination and new volumes.
- The non-accrual level of 1.1% is considerably below the sector average, allowing GBDC to sustain its dividend coverage level.
- As a result of these and additional improvements that are outlined in the article, GBDC has become a better buy yielding ~12% after Q1 2024 earnings data.
Back in December, 2023 I issued an article on Golub Capital BDC (NASDAQ: GBDC ) outlining several variables and facts that render this BDC a clear buy....
Read the full article on Seeking Alpha
For further details see:
Golub Capital: An Even Better Buy After Q1 Earnings