Kayne Anderson BDC, Inc. (NYSE:KBDC) to Issue Dividend Increase – $0.40 Per Share

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.40 per share on Wednesday, January 15th. This represents a $1.60 annualized dividend and a dividend yield of 9.62%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Kayne Anderson BDC Trading Up 0.5 %

Shares of NYSE KBDC opened at $16.63 on Friday. The business has a 50 day moving average price of $16.20. Kayne Anderson BDC has a 52-week low of $15.69 and a 52-week high of $16.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.53 and a current ratio of 1.36.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Kayne Anderson BDC in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

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.