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
10.3%
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 Yield10.3%
Trailing DPS$1.38
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout97.9%
Earnings SafetyAt Risk
FCF Payout131.2%
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 Yield2.2%
Total Shareholder Yield12.5%
1Y Total Return5.4%
5Y Total Return34.3%
Div Contribution (5Y)47.9%
Estimated $10K growth (return + dividends):
5Y ago$13,42810Y ago$16,04820Y ago$23,983
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
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 131.2%, 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: 10.3% dividend yield, 2.2% buyback yield, 12.5% 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 34.3%, with dividends contributing 47.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $16,048 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
GBDC Recent Dividend Payments
Last 20 payments · Annual
TTM Total$5.33
Avg/Payment$0.2665
Latest Change-15.4%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 13, 2026Latest | $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% | 12.19% | Dec 13, 2024 |
| Aug 30, 2024 | $0.3900 | ↑ +290.0% | 12.69% | Sep 27, 2024 |
GBDC Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
10.3%
#4 of 7
Safety
At Risk
97.9% payout
Streak
0Y
5.4% 5Y CAGR
Total Shareholder
12.5%
#4 of 7
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| GBDCGolub Capital BDC, I… | $3.5B | 10.3% | 97.9% | 0 | At Risk |
 ARCCAres Capital Corpora… | $13.9B | 2.0% | — | 0 | Unknown |
2nd  FSCOFS Credit Opportunit… | $1.1B | 13.5% | 75.3% | 3 | Watch |
 CGBDCarlyle Secured Lend… | $881M | 0.2% | 1.4% | 0 | Sustainable |
1st  OCSLOaktree Specialty Le… | $1.1B | 14.2% | 4.4% | 0 | Sustainable |
3rd  BBDCBarings BDC, Inc. | $965M | 12.9% | 1.2% | 7 | Sustainable |
 MAINMain Street Capital … | $5.1B | 6.3% | 63.1% | 4 | Watch |
GBDC Annual Dividend History (2009–2026)
18 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.33 | — | 1 | — | — | — | 2.3% |
| 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% |
See GBDC's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonGBDC — 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 +10.3%. Payments are made 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 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 +131.2%. 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 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 $13,428 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 +10.3% market yield, thanks to consistent dividend growth.