earnings
confidence high
sentiment neutral
materiality 0.70
GSBD Q4 NII $0.48; NAV down 1% to $13.41; base dividend cut to $0.32, special $0.16
Goldman Sachs BDC, Inc.
2024-FY EPS reported
$0.55
- NII per share $0.48 ($0.47 adjusted); EPS $0.32; NAV per share $13.41, down 1% from $13.54.
- Base quarterly dividend reduced from $0.45 to $0.32; Q1 special $0.16 declared; two more specials authorized.
- Incentive fee permanently reduced to 17.5% on income and capital gains, effective Q1 2025.
- Total investment income $103.8M (down from $110.4M QoQ); portfolio 97.6% senior secured; net debt/equity 1.17x.
- Repaid $360M 3.75% notes due Feb 2025 with revolver; remaining borrowing capacity $626.3M.