Trailing Dividend / Share
$1.38
Golub Capital BDC, Inc. (GBDC) Dividend History
Income profile from 2010 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
11.2%
Payout Ratio
97.9%
At Risk
Dividend Streak
0 years
GBDC Dividend Income Check
Safety
97.9% payout ratio with at risk safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 11.0% and trend is rising.
GBDC Dividend Scorecard
Yield & Income
Dividend Yield11.2%
Trailing DPS$1.38
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout97.9%
Earnings SafetyAt Risk
FCF Payout115.1%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak0 years
3Y CAGR8.2%
5Y CAGR5.4%
Yield on Cost (5Y)11.0%
YOC Trendrising
Total Returns
Buyback Yield2.4%
Total Shareholder Yield13.6%
1Y Total Return-6.3%
5Y Total Return30.5%
Div Contribution (5Y)49.2%
Estimated $10K growth (return + dividends):
5Y ago$13,05510Y ago$15,27720Y ago$23,494
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
GBDC Income Growth Story
Dividend per share and yield on cost over time (17 years of payments)
GBDC Dividend Safety Story
EPS is the container — dividend is what's drawn out
Get GBDC's next ex-dividend date and payout in your inbox
Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Golub Capital BDC, Inc. distributes 97.9% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 115.1%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
GBDC does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 8.2% and 5-year CAGR of 5.4%.
Total Shareholder Returns
Beyond cash dividends, GBDC returns capital through share repurchases. The combined picture: 11.2% dividend yield, 2.4% buyback yield, 13.6% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 11.0% and is currently rising. The 5-year total return is 30.5%, with dividends contributing 49.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $15,277 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
GBDC Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$5.33
Avg/Payment$0.2665
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.3300 | — | 11.32% | Jun 29, 2026 |
| Mar 13, 2026 | $0.3300 | ↓ -15.4% | 12.53% | Mar 30, 2026 |
| Dec 12, 2025 | $0.3900 | — | 11.34% | Dec 30, 2025 |
| Sep 15, 2025 | $0.3900 | — | 11.74% | Sep 29, 2025 |
| Jun 13, 2025 | $0.3900 | — | 11.91% | Jun 27, 2025 |
| Mar 3, 2025 | $0.3900 | — | 12.24% | Mar 28, 2025 |
| Dec 9, 2024 | $0.3900 | ↑ +333.3% | 12.75% | Dec 27, 2024 |
| Nov 29, 2024 | $0.0900 | ↓ -76.9% | 9.83% | Dec 13, 2024 |
GBDC Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
11.2%
#7 of 9
Safety
At Risk
97.9% payout
Streak
0Y
5.4% 5Y CAGR
Total Shareholder
13.6%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| GBDCGolub Capital BDC, I… | $3.2B | 11.2% | 97.9% | 0 | At Risk |
 ARCCAres Capital Corpora… | $12.9B | 2.1% | — | 0 | Unknown |
3rd  FSCOFS Credit Opportunit… | $997M | 16.2% | 1.1% | 4 | Sustainable |
2nd  TPVGTriplePoint Venture … | $203M | 20.5% | 83.9% | 0 | Watch |
 CGBDCarlyle Secured Lend… | $761M | 13.8% | 1.5% | 0 | Sustainable |
 OCSLOaktree Specialty Le… | $1.0B | 14.9% | 4.4% | 0 | Sustainable |
 BBDCBarings BDC, Inc. | $868M | 14.4% | 1.2% | 0 | Sustainable |
1st  FSKFS KKR Capital Corp. | $2.9B | 27.3% | 71.3% | 1 | Watch |
 MAINMain Street Capital … | $4.7B | 7.4% | 68.8% | 5 | Watch |
GBDC Annual Dividend History (2009–2026)
18 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.66 | — | 2 | — | — | — | 4.6% |
| 2025 | $1.56 | -19.2% | 4 | $1.42 | 109.9% | 0.91x | 11.0% |
| 2024 | $1.93 | 27.8% | 9 | $1.36 | 141.9% | 0.70x | 13.6% |
| 2023 | $1.51 | 22.8% | 6 | $1.52 | 99.3% | 1.01x | 10.6% |
| 2022 | $1.23 | 5.1% | 4 | $0.90 | 136.7% | 0.73x | 8.6% |
| 2021 | $1.17 | -2.5% | 4 | $2.03 | 57.6% | 1.74x | 8.2% |
| 2020 | $1.20 | -15.5% | 4 | $0.37 | 324.3% | 0.31x | 8.4% |
| 2019 | $1.42 | 1.4% | 4 | $-0.28 | — | — | 10.0% |
| 2018 | $1.40 | 4.5% | 4 | $1.33 | 105.3% | 0.95x | 9.8% |
| 2017 | $1.34 | -12.5% | 4 | $1.45 | 92.4% | 1.08x | 9.4% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
16+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
GBDC — Frequently Asked Questions
Quick answers to the most common questions about buying GBDC stock.
How much dividend does GBDC pay per share?
Golub Capital BDC, Inc. (GBDC) pays a trailing 12-month dividend of $1.38 per share, with a current dividend yield of +11.2%. Payments are made Semi-Annual.
When is GBDC's next ex-dividend date?
GBDC's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. GBDC typically pays dividends Semi-Annual.
Is GBDC's dividend safe?
GBDC's dividend safety is rated "At Risk" based on an earnings payout ratio of +97.9% and FCF payout ratio of +115.1%. The dividend history does not yet show a prolonged growth streak.
How many years has GBDC increased its dividend?
GBDC has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +5.4%.
How often does GBDC pay dividends?
Golub Capital BDC, Inc. pays dividends Semi-Annual. The trailing 12-month total is $1.38 per share. Dividend data on this page covers 16+ years from 2010 to 2026.
How much would $10,000 invested in GBDC grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in GBDC five years ago would be worth approximately $13,055 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is GBDC's yield on cost for long-term holders?
GBDC's yield on cost — the current dividend divided by the original purchase price — is +11.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +11.2% market yield, thanks to consistent dividend growth.