Goldman Sachs BDC, Inc.
GSBDFinancial Services · Stock · quarterly payer
Forward Yield
14.20%
Annual Dividend
$1.41
Payout Ratio
265%
5-Yr Growth
-9.8%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Goldman Sachs BDC, Inc. (GSBD) yields 14.20% ($1.41 per share annually), with a blended fair-value estimate of $13.03 — +29% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is GSBD a good dividend stock?
MixedGoldman Sachs BDC, Inc. (GSBD) pays a quarterly dividend yielding 14.20% ($1.41/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (265%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.20%
- Payout Ratio
- 265%
- Annual Dividend
- $1.41
- 5-Yr Avg Growth
- -9.8%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.64
- Market Cap
- $1.1B
- P/E Ratio
- 19.0
- 5-Yr Total Return
- -45%
- 52-Week Range
- $8.36 – $11.53
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
GSBD Price — Last 12 Months
Daily close
Price Return
1 Year
-0%
3 Years
-30%
5 Years
-45%
52-Week Range
$8.36 – $11.53
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GSBD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Goldman Sachs BDC, Inc. is $13.03 per share, versus a market price of $10.13. That implies 29% of upside — a margin of safety of about 22%.
Fair Value
$13.03
Current Price
$10.13
Upside
+29%
Margin of Safety
22%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.52 EPS, $1.41 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GSBD Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0300 | regular |
| Jun 30, 2026 | — | $0.3200 | regular |
| Mar 31, 2026 | — | $0.3200 | regular |
| Mar 9, 2026 | — | $0.0300 | regular |
| Dec 31, 2025 | — | $0.3200 | regular |
| Nov 28, 2025 | — | $0.0400 | regular |
| Sep 30, 2025 | — | $0.4800 | regular |
| Aug 29, 2025 | — | $0.0300 | regular |
| Jun 30, 2025 | — | $0.4800 | regular |
| May 30, 2025 | — | $0.0500 | regular |
| Mar 31, 2025 | — | $0.4800 | regular |
| Dec 31, 2024 | — | $0.4500 | regular |
| Sep 30, 2024 | — | $0.4500 | regular |
| Jun 28, 2024 | — | $0.4500 | regular |
Income Calculator
At $1.41 / yr per share
