Key Highlights

  • The $0.32 base Dividend is payable on or about October 28, 2026, and a $0.03 supplemental dividend was declared separately.
  • Second-quarter net Investment income was $0.38 per share, and Net Income per share, the GAAP measure, was $0.21.
  • Net asset value per share was $12.06 at June 30, 2026, compared with $12.17 at March 31, 2026.
  • Total investments at Fair Value were $3,195.2 million across 173 portfolio companies at June 30, 2026.

Overview

Goldman Sachs BDC, Inc. (NYSE:GSBD) declared a $0.32 third-quarter base dividend, with a Record Date of September 30 and payment on or about October 28, 2026. The dividend yields 13.42%. Second-quarter net investment income was $0.38 per share, while net income per share, the GAAP measure, was $0.21. Total investments at fair value were $3,195.2 million, and the dividends were announced with second-quarter results.

Dividend Program and Shareholder Returns

The board declared a third-quarter 2026 base dividend of $0.32 per share, with a record date of September 30, 2026, payable on or about October 28. It trades ex-dividend on September 30.

The board also declared a second-quarter 2026 supplemental dividend of $0.03 per share, with a record date of August 31, 2026, payable on or about September 15. The supplemental dividend is declared separately from the base dividend. Each dividend remains subject to board approval.

About the Company

Goldman Sachs BDC, Inc. is a Business Development Company that invests in and lends to companies, and its shares trade on the New York Stock Exchange. It reports net investment income per share separately from net income per share, the GAAP measure, and also reports adjusted net investment income, a non-GAAP measure that excludes purchase discount amortization.

Second-Quarter Investment Income and Net Asset Value

Net investment income was $0.38 per share. Adjusted net investment income was $0.37 per share, which the company stated represented an annualized net investment income yield on Book Value of 12.3%. Net income per share was $0.21.

Net asset value per share was $12.06 at June 30, 2026, a decrease of 0.9% from $12.17 at March 31, 2026. Total investments at fair value were $3,195.2 million.

Portfolio Composition, Credit and Leverage

The company stated that the net asset value decline reflected net realized and unrealized losses of $18.6 million for the quarter. Net income per share of $0.21 and net investment income per share of $0.38 are reported as separate measures.

The portfolio was 98.6% senior secured debt, including 96.9% in first Lien investments, across 173 portfolio companies. Investments on non-accrual status were 2.9% of the portfolio at fair value, compared with 3.2% at March 31, 2026.

Ending net debt-to-equity was 1.35x, compared with 1.37x at March 31, 2026. The company held $50.7 million in cash and cash equivalents, and sales and repayments totaled $145.9 million.

Outlook

Net investment income relative to the $0.32 base dividend, net asset value per share, non-accrual levels, net debt-to-equity, and the board's quarterly base and supplemental declarations are the relevant considerations. Second-quarter results are the most recent reported period.