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0.000890471950133552 0.000890471950133552 0.000890471950133552 -0.000890471950133552 -0.0017809439002671 -0.0231522707034728 -0.0213713268032057 -0.0258236865538735
Stock impact report

Dividend cuts loom over BDC market as pandemic extends [Reuters]

Golub Capital BDC, Inc. (GBDC) 
Last golub capital bdc, inc. earnings: 2/7 06:41 pm Check Earnings Report
US:NASDAQ Investor Relations: golubcapitalbdc.com/investor-resources
Company Research Source: Reuters
Dividend cuts loom over BDC market as pandemic extends NEW YORK, April 16 (LPC) - Business development companies (BDC) feeling the squeeze from the economic shutdown caused by the coronavirus pandemic are likely to pass that pressure onto shareholders over the next two quarters through dividend cuts. BDCs, which invest in small and mid-sized businesses, make distribution payments to shareholders quarterly. Dividends are one reason investors add BDCs to their portfolio, and slashing payouts removes that incentive. Golub Capital BDC has cut its dividend to US$0.29 per share from US$0.33 per share. Gladstone Capital Corp also cut its quarterly dividend to US$0.195 per share from US$0.21. Main Street Capital Corp has recommended halting its twice-a-year supplemental dividend. The BDCs cited in press statements that their financial decisions reflect the impact of the coronavirus pandemic on market conditions and the vehicles’ holdings. Market analysts expect this to be a harbinger of a bro Show less Read more
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