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Golub Capital BDC Inc, known by the ticker symbol GBDC, is a mid-cap asset management company, operating in the financial services business sector in New York. This is my first report on Golub Capital BDC Inc  for this Viital portfolio or any of my previous six dog of the week portfolios.

Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company.

Accessing the established loan origination channels developed by Golub Capital, a leading lender to middle-market companies with over $45 billion of capital under management as of January 1, 2022Its goal is to  achieve its investment objective by:

• Selecting investments within our core middle-market company focus using the disciplined underwriting standards of Golub Capital
• Partnering with experienced private equity firms, many of whom are repeat clients

Golub Capital specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s sponsor finance expertise also forms the foundation of our Late Stage Lending, Broadly Syndicated Loan and Credit Opportunities investment programs. Across our activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.

Founded over 25 years ago, Golub Capital today has over 600 employees and lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.

Our investment advisor is GC Advisors LLC, an affiliate of Golub Capital and a registered investment adviser under the Investment Advisers Act of 1940.

Three key data points gauge any dividend equity or fund such as Golub Capital BDC Inc (GBDC)

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

GBDC Price

Golub Capital’s price per share was $15.01 as of yesterday's market close. One year ago its price was $15.46. Therefore, Golub Capital’s share price fell $0.45 or about 2.9% in the past year.

If Golub Capital’s stock trades in the range of $14.50 to $17.00 this next year, its recent $15.01 share price might rise by $1.49 to reach $16.50 by April 27, 2023. My $1.49 upside estimate is in keeping with the median of price upside gauged by four analysts tracking GBDC for their brokerages.

GBDC Dividends

Golub Capital’s most recently declared quarterly dividend of $0.30 was paid March 29th to shareholders on record as of March 3rd.

Golub Capital BDC Inc paid its first quarterly dividend June 29, 2010. The dividend has been variable between $0.11 and $0.31 over the past 12 years  and its annual payout of $1.20 is estimated to deliver a 7.99% annual yield per yesterday’s $15.01 share price.

GBDC Returns

Adding the $1.20 GBDC annual dividend to the estimated one-year price upside of $1.49 shows a $2.69 potential gross gain, per share, to be reduced by any costs to trade GBDC shares.

At yesterday's $15.01 closing price per share, a little over $1000 would buy 67 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.15 per share.

Subtract that maybe $0.15 brokerage cost from my estimated $2.69 gross gain estimate per share results in a net gain of $2.54 X 67 shares = $170.18for a 17% net gain on a $1,005.67 investment.

So it is that Golub Capital BDC Inc (GBDC) shows a possible 17% net gain including a 7.99% forward looking dividend yield.

Over the next year at this time our $1000 investment in GBDC could generate 79.90 in cash dividends alone. Note that a single share of GBDC stock bought at yesterday's $15.01 price is over five times less than the anticipated dividend income from our $1000.00 invested. So, by my dogcatcher ideal, this may be the right time to buy GBDC shares based on their declared 2022 dividend. The forthcoming annual dividends from $1K invested is currently 5.32 times greater than yesterday's single share price. Consider yourself alerted. It's a sign. Go for the dividend!

All of the estimates above are speculation based on the past history of Golub Capital BDC Inc (GBDC) . Only time and money invested in this stock will determine its market value.