Kayne Anderson BDC, Inc. (KBDC) to Issue Quarterly Dividend of $0.40 on January 19th

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.40 per share on Tuesday, January 19th. This represents a $1.60 annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, December 31st.

Kayne Anderson BDC Trading Down 0.0%

NYSE KBDC traded down $0.01 during trading hours on Friday, reaching $12.73. The company’s stock had a trading volume of 61,200 shares, compared to its average volume of 345,351. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. Kayne Anderson BDC has a 52 week low of $12.14 and a 52 week high of $15.87. The stock has a market cap of $840.99 million, a P/E ratio of 11.70 and a beta of 0.32. The firm has a fifty day simple moving average of $12.90 and a 200-day simple moving average of $13.76.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.07. Kayne Anderson BDC had a return on equity of 10.63% and a net margin of 31.54%. The firm had revenue of $58.96 million for the quarter, compared to analyst estimates of $57.35 million. Equities analysts forecast that Kayne Anderson BDC will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KBDC. Royal Bank Of Canada dropped their price target on Kayne Anderson BDC from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. UBS Group reduced their target price on Kayne Anderson BDC from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Finally, Zacks Research upgraded shares of Kayne Anderson BDC from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kayne Anderson BDC presently has an average rating of “Hold” and an average target price of $14.50.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc is a business development company that invests in privately held, middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Its investment activities primarily consist of loans and other debt investments, including senior secured, unitranche and subordinated debt. Kayne Anderson BDC may also make equity and equity-related investments in portfolio companies.