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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Monday, May 11th. Investors of record on Tuesday, June 30th will be given a dividend of 0.40 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Kayne Anderson BDC Stock Performance

KBDC stock opened at $14.63 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average price of $14.14 and a 200 day moving average price of $14.43. The company has a market capitalization of $971.87 million, a P/E ratio of 11.00 and a beta of 0.28. Kayne Anderson BDC has a 1-year low of $13.06 and a 1-year high of $16.40.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Monday, May 11th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $24.86 million during the quarter, compared to the consensus estimate of $52.40 million. Kayne Anderson BDC had a return on equity of 10.23% and a net margin of 39.74%. As a group, equities research analysts forecast that Kayne Anderson BDC will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KBDC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on Kayne Anderson BDC from $16.00 to $15.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company dropped their price objective on Kayne Anderson BDC from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Finally, UBS Group raised their price objective on Kayne Anderson BDC from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.13.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC, Inc (NYSE: KBDC) is a closed-end, non-diversified management investment company structured as a business development company under the Investment Company Act of 1940. The firm focuses on providing bespoke financing solutions to U.S. middle-market companies, offering first-lien and second-lien secured loans, unitranche facilities, mezzanine debt and selected equity co-investments. KBDC targets businesses with EBITDA profiles generally ranging from $10 million to $100 million, aiming to generate attractive income and potential capital appreciation for shareholders.

The company’s portfolio spans a variety of sectors, including healthcare, technology, energy services, consumer products and industrials.