Two 11%+ Yielding External BDCs Built For Long-Term Compounding

Externally managed BDCs face structural challenges, notably high fees and misaligned incentives, making them difficult portfolio inclusions. I favor internally managed BDCs for long-term value, but selectively own some external names as well. There could be two motives for owning external ones: 1) tactical trades (high risk, high retur) and 2) long-term income compounding.

Seeking Alpha • Aug 24, 2026

Fully Covered 11-14% Yields: Big Cash Flow For Pennies On The Dollar

Double-digit dividend yields that are fully covered by underlying earnings and trade at huge discounts to NAV are often eye-catching and worth a closer look. I look at some compelling opportunities that also have strong or improving fundamentals and are either currently aggressively buying back stock or looking to do so soon. I also look at some of the issues facing these companies that explain why this opportunity exists.

Seeking Alpha • Aug 23, 2026

Goldman Sachs BDC: This 13% Yield May Be A Value Trap

Goldman Sachs BDC continues to exhibit below-average investment quality, with persistent portfolio shrinkage and elevated non-accruals. GSBD's Q2 dividend dropped 40% year-over-year, reflecting ongoing pressure from non-accrual loans and a contracting asset base. Despite a high 118.8% dividend coverage ratio in Q2'26, GSBD's non-accrual ratio remains the second-highest among peers, undermining investor confidence.

Seeking Alpha • Aug 14, 2026

Goldman Sachs BDC: Limited Catalysts For Earnings Growth

Goldman Sachs BDC remains a hold as portfolio growth and NAV continue to decline amid sector headwinds. GSBD's 14.1% dividend yield is well-covered by net investment income, with a 116% coverage rate and $0.89 per share in spillover income. New investment activity remains muted, with negative net funded investments and limited catalysts for near-term NAV or earnings growth.

Seeking Alpha • Aug 12, 2026

Goldman Sachs BDC Q2 Earnings Call Highlights

Goldman Sachs BDC NYSE: GSBD reported second-quarter 2026 net investment income of $0.38 per share, up from the prior quarter, as higher investment income and the absence of an incentive fee supported results. The company also announced that Co-Chief Executive Officer David Miller will step down from the role effective Dec. 31, with Co-CEO Vivek Bantwal set to become sole CEO.

MarketBeat • Aug 8, 2026

Goldman Sachs BDC (GSBD) Q2 2026 Earnings Call Transcript

Goldman Sachs BDC (GSBD) Q2 2026 Earnings Call Transcript

Seeking Alpha • Aug 7, 2026

Goldman Sachs BDC, Inc. Reports June 30, 2026 Financial Results and Announces Third Quarterly 2026 Base Dividend of $0.32 Per Share and Second Quarter Supplemental Dividend of $0.03 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 second quarter ended June 30, 2026 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended June 30, 2026 was $0.38. Excluding purchase discount amortization per share of $0.01 from the Merger, adjusted net investment income per share was $0.37 for the qua.

Business Wire • Aug 6, 2026

Goldman Sachs BDC (GSBD) Beats Q2 Earnings and Revenue Estimates

Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.38 per share a year ago.

Zacks Investment Research • Aug 7, 2026

Earnings Preview: Goldman Sachs BDC (GSBD) Q2 Earnings Expected to Decline

Goldman Sachs BDC (GSBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Jul 30, 2026

Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its second quarter ended June 30, 2026 financial results after the market closes on Thursday, August 6, 2026. GS BDC will also host an earnings conference call on Friday, August 7, 2026 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resources section of.

Business Wire • Jul 7, 2026