GBDC Dividend History & Analysis | 11% Yield

GBDC has a dividend yield of 11% and paid 1.83 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 11.01%
Payout Ratio 107.8%
Growth Rate CAGR 5y 7.5%
Consistency Lifetime 95.4%
Yield on Cost 5y 18.9%
Payout FCF 104.5%
Streak Years -
Dividend Rating 72.2%
Ex-Dividend in 15 days: Buy before Jun 15, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
ECC 554 M 28.42% 35.85%
ECAT 1,543 M 23.72% 35.41%
BCAT 1,658 M 23.57% 32.03%
OXSQ 124 M 23.31% 24.14%
CION 326 M 17.85% 32.41%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
FSCO 1,026 M 105.43% 90.0%
OWL 15,684 M 60.14% 100.0%
BXSL 5,428 M 55.26% 90.8%
ECAT 1,543 M 43.41% 100.0%
STEP 6,741 M 41.42% 98.9%
Quality Dividend Peers in Asset Management & Custody Banks VCTR Victory Capital Holdings
3.01% Yield AMUN
6.11% Yield BSTZ BlackRock Science
12.52% Yield BK The Bank of New York Mellon
1.86% Yield NTRS Northern Trust
2.51% Yield
GBDC Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-15 2026-06-15 2026-06-29 Quarterly 0.33 0% N/A
2026-03-13 2026-03-13 2026-03-30 Quarterly 0.33 -15.4% 2.77%
2025-12-12 2025-12-12 2025-12-30 Quarterly 0.39 0% 2.8%
2025-09-15 2025-09-15 2025-09-29 Quarterly 0.39 0% 2.7%
2025-06-13 2025-06-13 2025-06-27 Quarterly 0.39 0% 2.62%
2025-03-03 2025-03-03 2025-03-28 Quarterly 0.39 0% 2.54%
2024-12-09 2024-12-09 2024-12-27 Quarterly 0.39 +680% 2.57%
2024-11-29 2024-11-29 2024-12-13 Other 0.05 -87.2% 0.32%
2024-08-30 2024-08-30 2024-09-27 Quarterly 0.39 +680% 2.65%
2024-08-16 2024-08-16 2024-09-13 Other 0.05 0% 0.34%
2024-06-13 2024-06-13 2024-06-27 Other 0.05 -16.7% 0.32%
2024-05-15 2024-05-16 2024-06-14 Other 0.06 -84.6% 0.36%
2024-05-01 2024-05-02 2024-06-21 Quarterly 0.39 0% 2.29%
2024-02-29 2024-03-01 2024-03-29 Quarterly 0.39 +457.1% 2.51%
2024-02-14 2024-02-15 2024-03-15 Other 0.07 -81.1% 0.46%
2023-12-07 2023-12-08 2023-12-29 Quarterly 0.37 +428.6% 2.54%
2023-11-30 2023-12-01 2023-12-15 Other 0.07 -81.1% 0.47%
2023-08-31 2023-09-01 2023-09-29 Quarterly 0.37 +825% 2.56%
2023-08-17 2023-08-18 2023-09-15 Other 0.04 -87.9% 0.27%
2023-06-01 2023-06-02 2023-06-29 Quarterly 0.33 0% 2.55%
2023-03-02 2023-03-03 2023-03-29 Quarterly 0.33 0% 2.43%
2022-12-08 2022-12-09 2022-12-29 Quarterly 0.33 +10% 2.52%
2022-09-01 2022-09-02 2022-09-29 Quarterly 0.3 0% 2.21%
2022-06-02 2022-06-03 2022-06-29 Quarterly 0.3 0% 2.16%
2022-03-03 2022-03-04 2022-03-29 Quarterly 0.3 0% 1.94%
2021-12-09 2021-12-10 2021-12-30 Quarterly 0.3 +3.4% 1.99%
2021-09-07 2021-09-08 2021-09-29 Quarterly 0.29 0% 1.87%
2021-06-10 2021-06-11 2021-06-29 Quarterly 0.29 0% 1.84%
2021-03-04 2021-03-05 2021-03-30 Quarterly 0.29 0% N/A
2020-12-10 2020-12-11 2020-12-30 Quarterly 0.29 0% N/A
2020-09-04 2020-09-08 2020-09-29 Quarterly 0.29 0% N/A
2020-06-08 2020-06-09 2020-06-29 Quarterly 0.29 -12.1% N/A
2020-03-05 2020-03-06 2020-03-27 Quarterly 0.33 0% N/A
2019-12-11 2019-12-12 2019-12-30 Quarterly 0.33 +3.1% N/A
2019-08-16 2019-08-19 2019-09-27 Quarterly 0.32 0% N/A
2019-06-06 2019-06-07 2019-06-28 Quarterly 0.32 0% N/A
2019-03-06 2019-03-07 2019-03-28 Quarterly 0.32 -27.3% N/A
2018-12-11 2018-12-12 2018-12-28 Quarterly 0.44 +37.5% N/A
2018-09-06 2018-09-07 2018-09-28 Quarterly 0.32 0% N/A
2018-06-07 2018-06-08 2018-06-28 Quarterly 0.32 0% N/A
2018-03-07 2018-03-08 2018-03-30 Quarterly 0.32 -20% N/A
2017-12-11 2017-12-12 2017-12-28 Quarterly 0.4 +25% N/A
2017-09-01 2017-09-06 2017-09-29 Quarterly 0.32 0% N/A
2017-06-02 2017-06-06 2017-06-29 Quarterly 0.32 0% N/A
2017-03-03 2017-03-07 2017-03-30 Quarterly 0.32 -43.9% N/A
2016-12-08 2016-12-12 2016-12-29 Quarterly 0.57 +78.1% N/A
2016-08-31 2016-09-05 2016-09-29 Quarterly 0.32 0% N/A
2016-06-02 2016-06-06 2016-06-29 Quarterly 0.32 0% N/A
2016-03-03 2016-03-07 2016-03-30 Quarterly 0.32 0% N/A
2015-12-09 2015-12-11 2015-12-29 Quarterly 0.32 0% N/A

GBDC Dividend FAQ

What is the Dividend Yield of GBDC?

As of May 2026, GBDC's dividend yield is 11.01%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.83 USD by the current share price of 13.16.

Does GBDC pay a dividend?

As of May 2026, GBDC paid a dividend of 1.83 USD in the last 12 months. The last dividend was paid on 2026-06-15 and the payout was 0.33 USD.

How often does GBDC pay dividends?

GBDC pays dividends quarterly. Over the last 12 months, GBDC has issued 5 dividend payments. The last dividend payment was made on 2026-06-15.

GBDC dividend forecast

Based on historical data, the forecasted dividends per share for GBDC for the next payments are between 0.186 (-43.6%) and 0.249 (-24.5%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 6.66%.

Will GBDC pay dividends in 2026?

The latest dividend paid per share was 0.33 USD with an Ex-Dividend Date of 2026-06-15. The next Ex-Dividend date for Golub Capital BDC (GBDC) is 2026-06-15.

What is the next Ex-Dividend Date for GBDC?

The next Ex-Dividend date for Golub Capital BDC (GBDC) is 2026-06-15.

What is the Dividend Growth of GBDC?

GBDC's average dividend growth rate over the past 5 years is 7.46% per year. Strong growth: GBDC's dividend growth is outpacing inflation.

What is the Yield on Cost of GBDC?

GBDC's 5-Year Yield on Cost is 18.9%. If you bought GBDC's shares at 9.66 USD five years ago, your current annual dividend income (1.83 USD per share, trailing 12 months) equals 18.9% of your original purchase price.

What is the Payout Consistency of GBDC?

GBDC Payout Consistency is 95.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Golub Capital BDC has a strong track record of consistent dividend payments over its lifetime.

Does GBDC have a good Dividend Yield?

GBDC's 11.01% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of GBDC?

The Dividend Payout Ratio of GBDC is 107.8%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of GBDC?

GBDC's Overall Dividend Rating is 72.20%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

GBDC Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.
What is the Trend in GBDC's Outstanding Shares?

Golub Capital BDC's outstanding shares have increased by approximately 21.45% annually over the past 3 years (Trend Reliability: 46.7%). Significant dilution: Heavy share issuance is diluting existing shareholders. Even if total dividends paid increase, your dividend per share may stagnate or decline.

Has GBDC ever had a Stock Split?

Yes, the last stock split was on Apr 13, 2020 with a ratio of 1021:1000. This was a forward split: Each share became 1.02 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2009 18,361,800 0%
2010 18,683,900 +1.75%
2011 22,926,400 +22.71%
2012 27,933,600 +21.84%
2013 43,285,300 +54.96%
2014 47,121,200 +8.86%
2015 51,302,800 +8.87%
2016 55,064,900 +7.33%
2017 59,584,400 +8.21%
2018 60,176,600 +0.99%
2019 132,683,100 +120.49%
2020 167,259,500 +26.06%
2021 170,046,800 +1.67%
2022 170,895,700 +0.5%
2023 169,650,200 -0.73%
2024 264,343,500 +55.82%
2025 263,678,700 -0.25%
2026 262,676,700 -0.38%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-20 02:38 UTC