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

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 9.74%. The ex-dividend date is Monday, March 31st.

Kayne Anderson BDC Stock Down 3.5 %

Shares of KBDC stock traded down $0.60 on Tuesday, hitting $16.42. 405,106 shares of the company’s stock traded hands, compared to its average volume of 71,608. The company’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $16.57. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $17.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36.

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). Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. The business had revenue of $56.34 million during the quarter, compared to analysts’ expectations of $53.01 million. On average, sell-side analysts forecast that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Kayne Anderson BDC

In other Kayne Anderson BDC news, Director Susan C. Schnabel acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average price of $16.54 per share, with a total value of $41,350.00. Following the transaction, the director now directly owns 8,087 shares in the company, valued at approximately $133,758.98. The trade was a 44.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price on shares of Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

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.