earnings
confidence high
sentiment positive
materiality 0.75
Golub Capital BDC posts record adjusted NII; raises quarterly distribution to $0.39, adviser cuts incentive fees
GOLUB CAPITAL BDC, Inc.
2024-Q1 EPS reported
$0.45
- Preliminary adjusted NII per share $0.49-$0.51, a record; EPS $0.43-$0.47.
- Quarterly base distribution increased 5.4% to $0.39 from $0.37; payable Mar 29, 2024.
- Adviser GC Advisors unilaterally waives incentive fees, reducing rates from 20% to 15%.
- Estimated NAV per share $15.01-$15.05, roughly flat from $15.02 at Sept 30, 2023.
- New middle-market commitments $58.6M; non-accruals stable at 1.1% of fair value.