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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a dividend on Saturday, February 1st, NASDAQ Dividends reports. Investors of record on Monday, March 3rd will be given a dividend of 0.10 per share on Tuesday, March 18th. The ex-dividend date is Monday, March 3rd.

Kayne Anderson BDC Stock Performance

Shares of KBDC stock opened at $17.39 on Friday. 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 has a fifty-two week low of $15.69 and a fifty-two week high of $17.99. The stock has a 50 day moving average price of $17.00 and a two-hundred day moving average price of $16.55.

Insider Activity

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

Analyst Upgrades and Downgrades

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