Two Classes Of Mortgage REITs

Agency mortgage REITs duel to the dividend cut. There are 7 facing off. The top 3 are much better than the other 4. Valuations are important and awful. Deal with it.

Seeking Alpha • Dec 11, 2025

68 Graham Value All-Star (GVAS) November Dividend Dogs Show 27 'Safer' And 17 Ideal Buys

Top ten large-cap value 'GASV dogs' offer projected average net gains of 46.31% by November 2026, with yields from 8.09% to 11.74%. Seventeen of twenty-seven 'safer' lowest-priced GASV stocks are currently buyable, meeting strict dividend and price criteria for fair value. Analyst targets suggest the five lowest-priced, highest-yield GASV stocks could deliver 6.86% higher gains than the top ten as a group.

Seeking Alpha • Dec 2, 2025

Golub Capital's Dividends Are At Risk

GBDC remains a 'hold' due to strong credit quality but rising risk of a dividend cut amid declining net investment income. GBDC's portfolio is highly sensitive to falling interest rates, leading to a 17% year-over-year decline in net investment income and just 100% dividend coverage. Despite a discounted valuation (P/BV 0.92x) and healthy portfolio quality, lower yields and spreads threaten future dividend sustainability.

Seeking Alpha • Nov 27, 2025

A Rare Buying Opportunity: Blue-Chip 11-12% Yields Too Cheap To Ignore

There is a major market disconnect in which there are blue-chip dividend payers offering 11%+ yields right now, despite posting strong fundamentals. I discuss why the market is bearish on these stocks and why I think the fears are overblown. I also share two high-yield stocks that I think are attractive buys at current pricing.

Seeking Alpha • Nov 24, 2025

Golub Capital BDC (GBDC) Q4 2025 Earnings Call Transcript

Golub Capital BDC ( GBDC ) Q4 2025 Earnings Call November 19, 2025 10:00 AM EST Company Participants David B. Golub - CEO & Director Tim Topicz Christopher Ericson - CFO & Treasurer Conference Call Participants Jordan Wathen - Wells Fargo Securities, LLC, Research Division Robert Dodd - Raymond James & Associates, Inc., Research Division Presentation Operator Hello, everyone, and welcome to GBDC's earnings call for the fiscal quarter and fiscal year ended September 30, 2025.

Seeking Alpha • Nov 19, 2025

Golub Capital BDC, Inc. Announces Fiscal Year 2025 Fourth Quarter Financial Results

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its fourth fiscal quarter ended September 30, 2025. Except where the context suggests otherwise, the terms “we,” “us,” “our,” and “Company” refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. “GC Advisors” refers to GC Advisors LLC, our investment adviser. SELECTED FINANCIAL HIGHLIGHTS               (in thousands, except per share data)    .

Business Wire • Nov 18, 2025

Golub Capital BDC (GBDC) Meets Q4 Earnings Estimates

Golub Capital BDC (GBDC) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.47 per share a year ago.

Zacks Investment Research • Nov 18, 2025

Don't Bury BDC Dividends Just Yet

The Fed's dovishness has been the key driver for the BDC sell-off. The idea is that lower interest rates should lead to lower dividends (i.e., BDCs cutting their dividend across the board). While it is a process that takes time, the current data show that many BDCs are well-positioned to safeguard their existing dividends.

Seeking Alpha • Nov 17, 2025

2 BDCs To Sell Before They Cut Their Dividend

BDCs have been clearly out of favor this year. Yet, there are some clear pockets of opportunity, which have started to showcase a nice momentum - just as I outlined in my recent BDC strategic piece. It does not mean, however, that all deep-discount BDCs will recover.

Seeking Alpha • Nov 4, 2025

14% Dividend Yield Is Not Enough

Dividends matter. So do losses. Look at a couple of charts and call it a day. Most people don't want to go through all the history, but we can sum up over a decade in a few images. When we compare prices and book value over time, we can see that the huge dividends were not enough. They still are not enough.

Seeking Alpha • Oct 31, 2025