2 Internally Managed BDCs For Retirement Income: Only 1 Made The Cut

As a BDC bull, I can admit that most securities in this universe aren't meant for prudent income investors. There have been just too many cases of value destruction, and many fundamental questions on a sector level remain unanswered. However, there are some rare and high-yielding exceptions.

Seeking Alpha • Jun 19, 2026

Goldman Sachs BDC And Ares Capital Both Held Their Dividends, But Only One Is Earning It

Goldman Sachs BDC (NYSE:GSBD) held its base dividend flat at $0.32 through the first quarter — but current earnings did not fund it. Net investment income of $0.22 per share covered roughly two-thirds of the payout, against a reported loss of $0.12 per share once marks were included.

Benzinga • Jun 1, 2026

My Dividend Stock Portfolio: New April Dividend Record - 100 Holdings With 5 Buys

April net investment activity reached a multi-year low as rising stock valuations and BDC sector weakness prompted a cautious approach and selective BDC purchases. Focused April allocations on Ares Capital, Blue Owl Capital, and Hercules Capital, yielding a 7.5% average on new investments despite sector headwinds. Dividend income set a modest April record at $990, up 3% year-over-year, with BDCs contributing 27% of Q2 year-to-date dividends but facing potential further cuts.

Seeking Alpha • May 27, 2026

The High-Yield Stocks the Smart Money Is Buying Right Now

There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.

Benzinga • May 24, 2026

Goldman Sachs BDC: Collapsing Dividend Coverage (Rating Downgrade)

Goldman Sachs BDC suffered a 50% Y/Y drop in net investment income, missing analyst expectations and triggering a post-earnings sell-off. GSBD's non-accrual ratio surged to 3.2%, with eleven portfolio companies now non-performing, pressuring both interest income and dividend sustainability. Dividend coverage fell sharply to 62.9%, making a dividend cut in 2026 highly likely; I downgrade GSBD to 'Hold.'

Seeking Alpha • May 15, 2026

Deep Dive Into Goldman Sachs BDC: Portfolio Evaluation, Performance, And Investment Value

Goldman Sachs BDC trades at a 27% discount to NAV, significantly below its 5-year average. GSBD's portfolio is 97% first lien, with heavy exposure to software and healthcare sectors. The five-year average annual total return on NAV is 7.34%.

Seeking Alpha • May 14, 2026

Goldman Sachs BDC Q1 Earnings Call Highlights

Goldman Sachs BDC NYSE: GSBD reported a decline in first-quarter net asset value and lower net investment income as unrealized losses increased and credit issues remained concentrated in older investments originated before the business development company's integration into Goldman Sachs' broader direct lending platform.

MarketBeat • May 10, 2026

Goldman Sachs BDC (GSBD) Q1 2026 Earnings Call Transcript

Goldman Sachs BDC (GSBD) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 8, 2026

Goldman Sachs BDC, Inc. Reports March 31, 2026 Financial Results and Announces Second Quarterly 2026 Base Dividend of $0.32 Per Share.

NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the first quarter ended March 31, 2026 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income and adjusted net investment income per share for the quarter ended March 31, 2026 was $0.22, equating to an annualized net investment income yield on book value of 7.2%.1 Earnings per share for th.

Business Wire • May 7, 2026

Goldman Sachs BDC (GSBD) Misses Q1 Earnings and Revenue Estimates

Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.41 per share a year ago.

Zacks Investment Research • May 8, 2026