Golub Capital BDC (GBDC) Seen as Defensive Play in New Lucid Capital Coverage

Golub Capital BDC, Inc. (NASDAQ:GBDC) is included among the 13 Dividend Stocks with Over 8% Yield.

On January 15, Lucid Capital analyst Ethan Kaye initiated coverage of Golub Capital BDC, Inc. (NASDAQ:GBDC) with a Buy rating and set a $15 price target. The firm said current share prices look appealing for long-term investors. Golub stands out as one of the more “defensively positioned names in the group with a proven track record of navigating through cycles and the backing of a well-established platform,” Kaye wrote in a research note.

Earlier in the month, on January 8, the company shared a summary of its 2025 accomplishments. Golub said it closed more than $25 billion in financing commitments during the year, supporting both existing portfolio companies and new platforms across a wide range of deal sizes and structures. The firm also raised a record $20.5 billion in new investment capital, broadening and diversifying its global investor base.

In Europe, Golub has closed more than $9 billion in financing commitments since 2020 and acted as the lead lender on roughly 90% of its direct lending transactions. Credit performance remained solid as well, extending a track record of more than 20 years with annual payment default rates consistently well below those of the broadly syndicated loan index.

Golub Capital BDC, Inc. (NASDAQ:GBDC) is an externally managed, non-diversified closed-end management investment company.

While we acknowledge the potential of GBDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Best S&P 500 Dividend Stocks to Buy in 2026 and Retirement Stock Portfolio: 12 Low Risk Investments

Disclosure: None.