Dividend-News

Daily dividend news for investors in dividend stocks


Active Insider Buying At Golub Capital Yielding 8.8%

Published Tue, 22 Sep 2020 10:55:31 -0400 on Seeking Alpha

Seeking AlphaDividend Ideas | Financials Active Insider Buying At Golub Capital Yielding 8.8%Sep. 22, 2020 10:55 AM ET|| About: Golub Capital BDC (GBDC), Includes: AINV, ARCC, CGBD, CSWC, FDUS, FDUSG, FDUSL, FDUSZ, FSK, GAIN, GSBD, HTGC, MAIN, NMFC, NMFX, OCSL, PBB, PBC, PSEC, TPVG, TSLXby: BDC BuzzBDC Buzz Sustainable DividendsBuild a portfolio with sustainable dividend yields ranging from 8% to 12%SummaryThis is a series of articles discussing retirement portfolios using BDCs currently yielding around 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6% to 10%.
GBDC is trading below book value/NAV offering a current dividend yield of 8.8%.
GBDC has higher quality management that have been actively purchasing additional shares at prices well below its current book value/NAV of $14.10.
On the recent call management discussed the current dividend as “not only sustainable but that we can build upon over time."
Introduction
This article is part of a series discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding almost 12% and their safer notes - baby bonds/preferred shares with yield-to-maturities ranging from 6.5% to 10.0%. Please see the end of the article for a list of BDCs that I will be covering over the following weeks. The previous article discussed New Mountain Finance (NMFC) currently yielding 12.0% and its Baby Bond that trades under the symbol "NMFX" with a yield-to-maturity between 6% and 7% (depending on pricing, need to set limit orders).
BDC Retirement Income: 12% Yielding New Mountain Finance


This article discusses Golub Capital (GBDC) which is a lower yielding BDC that typically implies a "safer" portfolio and/or sustainable dividend coverage. Please see the end of this article for a discussion of dividend coverage and my most recent GBDC purchase.
Recent GBDC Insider Purchases
As shown in the chart and table... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PROSPECT CAPITAL 6.71   16.8 0.40 0.72 10.76
APOLLO INVESTMENT 16.78   14.2 1.18 1.80 10.73
FIDUS INVESTMENT 14.84   8.8 1.69 1.56 10.53
OAKTREE SPECIALTY LENDING 4.90   0.0 -1.39 0.50 10.02
HERCULES TECH GROWTH CAP 13.26   10.0 1.32 1.28 9.55
GOLDMAN SACHS BDC 20.29   22.5 0.90 1.80 8.88
ARES CAPITAL 19.19   10.5 1.82 1.60 8.39
CAPITAL SOUTHWEST 21.81   12.2 1.78 1.60 7.21
GLADSTONE INVESTMENT 12.34   7.4 1.67 0.82 6.73
MAIN STREET CAPITAL 43.18   16.8 2.57 2.46 5.69

PROSPECT CAPITAL - PSEC
PROSPECT CAPITAL - PSEC  


Older articles featuring Prospect Capital (PSEC):
Top Monthly Pay Dividend October Stocks And Funds
I Bought Fidus Investment: 12% Yield And 35% Below Book
Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q4 2020 Dividend Projection For All...
Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers (Post Q2 2020 Earnings - Very Attractive Valuation)
Reader Favorites And Rogues 8/8 To 9/7 Show 36 Dividend Dogs Ready To Adopt
BDC Retirement Income: 12% Yielding New Mountain Finance
September's Top Monthly Pay Dividend Stocks And Funds
PennantPark Investment: 55% Discount To Book Driving 14% Yield
How To Get CEF Yields Without CEF Problems
3 Monthly Dividend Stocks With Double-Digit Payouts

More