Golub Capital BDC: A Strong 12% BDC Yield Trading Below NAV

ryasickGolub Capital BDC (NASDAQ:GBDC) recently completed its merger with Golub Capital 3 BDC which has led to a much bigger market portfolio value for the BDC. Golub Capital’s net investment income outstripped its dividend by a good margin in the second quarter, leading to a safe 12% yield for income investors. Golub Capital also convinces in terms of non-accrual percentage which, despite edging up post-merger, the longer term trend is very much favorable. I also like that Golub Capital's shares have f ...