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

Kayne Anderson BDC, Inc. (NYSE:KBDC - Get Free Report) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.40 per share on Tuesday, April 15th. This represents a $1.60 annualized dividend and a dividend yield of 9.77%. The ex-dividend date of this dividend is Monday, March 31st.

Kayne Anderson BDC Trading Up 1.9 %

Shares of KBDC stock traded up $0.31 during trading hours on Friday, hitting $16.38. 192,119 shares of the company were exchanged, compared to its average volume of 73,939. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.36. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $17.99. The business's 50-day simple moving average is $16.99 and its two-hundred day simple moving average is $16.56.

Kayne Anderson BDC (NYSE:KBDC - Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The company had revenue of $56.34 million for the quarter, compared to the consensus estimate of $53.01 million. On average, equities research analysts forecast that Kayne Anderson BDC will post 2.06 EPS for the current year.

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Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.30.

Insiders Place Their Bets

In other news, Director Susan C. Schnabel purchased 2,500 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $16.54 per share, for a total transaction of $41,350.00. Following the completion of the purchase, the director now owns 8,087 shares of the company's stock, valued at $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

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.