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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 9.65%. 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 0.2 %

Shares of Kayne Anderson BDC stock traded up $0.03 during trading hours on Friday, reaching $16.58. The company’s stock had a trading volume of 41,219 shares, compared to its average volume of 44,072. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50 day moving average price is $16.19. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $16.80.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $52.45 million for the quarter. Kayne Anderson BDC had a return on equity of 13.69% and a net margin of 59.80%. On average, equities analysts expect that Kayne Anderson BDC will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target 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 currently has a consensus rating of “Moderate Buy” and a consensus 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.