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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.40 per share on Tuesday, April 15th. This represents a $1.60 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date is Monday, March 31st.

Kayne Anderson BDC Stock Down 3.5 %

Kayne Anderson BDC stock traded down $0.60 during mid-day trading on Tuesday, reaching $16.42. The company had a trading volume of 405,106 shares, compared to its average volume of 71,608. The stock’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $16.57. Kayne Anderson BDC has a 1 year low of $15.69 and a 1 year high of $17.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, March 3rd. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $56.34 million during the quarter, compared to analysts’ expectations of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. On average, sell-side analysts anticipate that Kayne Anderson BDC will post 2.06 EPS for the current fiscal year.

Insider Transactions at Kayne Anderson BDC

In other news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the acquisition, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This represents a 44.75 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price objective on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.30.

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.