Kayne Anderson BDC, Inc. Declares Dividend of $0.10 (NYSE:KBDC)

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a dividend on Tuesday, November 12th,NASDAQ Dividends reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.10 per share on Friday, December 20th. The ex-dividend date of this dividend is Thursday, December 5th.

Kayne Anderson BDC Trading Up 0.9 %

NYSE KBDC traded up $0.15 on Tuesday, reaching $16.65. 40,075 shares of the stock traded hands, compared to its average volume of 44,073. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $16.16. Kayne Anderson BDC has a 12 month low of $15.69 and a 12 month high of $16.73.

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, beating 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 business had revenue of $52.45 million for the quarter. Analysts expect that Kayne Anderson BDC will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Kayne Anderson BDC in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kayne Anderson BDC presently has a consensus rating of “Moderate Buy” and a consensus price target 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.