GBDC BDC — Golub Capital BDC

Golub Capital BDC (GBDC)

GBDC is a BDC. As of September 3, 2026, its distribution rate is 11.12%, its trailing-12-month yield is 11.10%. Dividend Vision Distribution Safety Score™ is 63/100 (Generally safe). Total return is 249.4% over the past 16.4 years, 501.3 points behind SPY at 750.7%.

At the current 11.12% distribution rate, a $10,000 investment would generate approximately $1,112 per year, or $92.67 per month on an equivalent basis. Actual quarterly payments vary.

Golub Capital BDC is a business development company that provides debt and minority equity financing to middle-market companies, typically those backed by private equity sponsors, across sectors including consumer services, healthcare, technology, and hospitality. The BDC distributes quarterly and currently carries a high distribution rate. This structure appeals to income-focused investors seeking exposure to middle-market lending with regular dividend payments.

GBDC performance versus SPY

Data as of September 3, 2026.

Total return is 249.4% over the past 16.4 years, 501.3 points behind SPY at 750.7%. Its deepest 1-year drawdown was 14.5%.

GBDC key facts

Data as of September 3, 2026.

Distribution Safety Score™

63 · Generally safe

Safety-Adjusted Yield

7.01%

Issuer

Golub Capital

Asset type

BDC

Asset class

Equity

Distribution rate

11.12%

Distribution frequency

Quarterly

Trailing yield

11.10%

5-year average yield

9.4

Last close

$12.97

Market cap

$3,367,681,109

Average volume

1173566.0

Next dividend

$0.33

Next ex-dividend date

09/14/2026

Next payment date

09/29/2026

Beta

0.42

Payout ratio

0.9718

P/E ratio

19.95

Forward P/E

10.1112

EPS

$0.65

How Dividend Vision calculates yield and returns

Distribution rate (11.12%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (11.10%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: Golub Capital; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GBDC risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.5%.

Who may consider GBDC — and who may not

It is a weaker fit for investors who need monthly cash flow (GBDC pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Golub Capital.