Kayne Anderson BDC, Inc. (NYSE:KBDC) Announces $0.40 Quarterly Dividend

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.40 per share on Tuesday, April 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date of this dividend is Monday, March 31st.

Kayne Anderson BDC Price Performance

Kayne Anderson BDC stock traded down $0.60 during mid-day trading on Tuesday, reaching $16.42. 405,106 shares of the company’s stock traded hands, compared to its average volume of 71,608. Kayne Anderson BDC has a 12-month low of $15.69 and a 12-month high of $17.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day moving average of $17.01 and a two-hundred day moving average of $16.57.

Kayne Anderson BDC (NYSE:KBDC) last announced its earnings results on Monday, March 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. The business had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $53.01 million. As a group, equities research analysts predict that Kayne Anderson BDC will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Moderate Buy” and an average price target of $17.30.

Insider Buying and Selling

In other news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is owned by corporate insiders.

About Kayne Anderson BDC

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.