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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Tuesday, August 13th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.40 per share on Tuesday, October 15th. This represents a $1.60 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Monday, September 30th.

Kayne Anderson BDC Stock Performance

Shares of KBDC opened at $16.23 on Friday. The firm has a fifty day moving average price of $16.13. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $16.62. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Kayne Anderson BDC had a return on equity of 11.79% and a net margin of 52.29%. The company had revenue of $52.45 million during the quarter. Sell-side analysts anticipate that Kayne Anderson BDC will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Kayne Anderson BDC

In other news, Director Mariel A. Joliet acquired 13,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $16.14 per share, for a total transaction of $209,820.00. Following the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $209,820. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

A number of research firms have weighed in on KBDC. Bank of America initiated coverage on shares of Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 price objective for the company in a research note on Monday, June 17th. UBS Group upgraded Kayne Anderson BDC to a “hold” rating and set a $17.00 target price on the stock in a research report on Monday, June 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Kayne Anderson BDC in a research report on Thursday, August 15th. Finally, Wells Fargo & Company upgraded Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

Kayne Anderson BDC Company Profile

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.