On August 6, 2021, Golub Capital BDC GBDC announced shareholders can expect to receive a dividend payable on September 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Golub Capital BDC, whose current dividend payout is $0.29, has an ex-dividend date set at September 7, 2021. The payout equates to a dividend yield of 7.31% at current price levels.
The Significance Of An Ex-Dividend Date
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Golub Capital BDC's Dividend Payouts And Yields
Over the past year, Golub Capital BDC has seen its dividend payouts remain the same and its yields trend downward. Last year on September 4, 2020 the company's payout sat at $0.29, which has returned to its value today. Golub Capital BDC's dividend yield last year was 9.69%, which has since decreased by 2.38%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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