Goldman Sachs BDC Q4 2024 Earnings Report
Key Takeaways
Goldman Sachs BDC, Inc. reported a decrease in net asset value per share to $13.41, net investment income per share of $0.48, and earnings per share of $0.32 for the quarter ended December 31, 2024. The company's investment portfolio totaled $3,968.2 million, invested across 164 portfolio companies. The board approved a base quarterly dividend of $0.32 per share and a special dividend of $0.16 per share for Q1 2025.
Net investment income per share was $0.48, or $0.47 adjusted for purchase discount amortization.
Earnings per share was $0.32 for the quarter ended December 31, 2024.
Net asset value per share decreased 1.0% to $13.41 as of December 31, 2024.
The investment portfolio was comprised of 97.6% senior secured debt, including 96.3% in first lien investments.
Goldman Sachs BDC
Goldman Sachs BDC
Forward Guidance
The Board of Directors approved a reduction of the base quarterly dividend to $0.32 per share with upside potential through quarterly supplemental variable distributions and a permanent reduction of the income-based incentive fee and cap to 17.5% commencing with the calculation for the quarter ending March 31, 2025 and a reduction of the incentive fee on capital gains to 17.5%.
Positive Outlook
- Base quarterly dividend of $0.32 per share approved.
- Potential for supplemental variable distributions.
- Permanent reduction of the income-based incentive fee to 17.5%.
- Reduction of the incentive fee on capital gains to 17.5%.
- Special dividend of $0.16 per share declared for Q1 2025.