Goldman Sachs BDC Inc. ( (GSBD) ) has released its Q4 earnings. Here is a breakdown of the information Goldman Sachs BDC Inc. presented to its investors.
Goldman Sachs BDC, Inc. is a specialty finance company that operates as a business development company, primarily investing in middle-market companies in the United States through secured and unsecured debt and select equity investments. The company is externally managed by Goldman Sachs Asset Management, L.P.
In its latest earnings report for the fourth quarter ending December 31, 2024, Goldman Sachs BDC, Inc. announced a quarterly dividend of $0.32 per share. The company reported a net investment income per share of $0.48, with an adjusted net investment income per share of $0.47, reflecting an annualized yield of 14.0% on book value.
Key financial highlights include a slight decrease in net asset value per share to $13.41 and total investments at fair value amounting to $3,968.2 million. The investment portfolio, predominantly consisting of senior secured debt, saw gross originations of $173.0 million, with net funded investment activity of $38.5 million. Additionally, the company announced structural changes to its dividend policy and incentive fees, aiming to enhance shareholder value.
The company maintained a stable net debt-to-equity ratio of 1.17x and executed strategic debt management by borrowing $365.0 million under its revolving credit agreement to repay maturing senior notes. Goldman Sachs BDC, Inc. also declared a special dividend of $0.16 per share, with additional special dividends planned for the upcoming quarters.
Looking forward, Goldman Sachs BDC, Inc. remains focused on generating current income and capital appreciation through its investment strategy, while managing its portfolio and capital structure to optimize returns for shareholders.