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

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared an annual dividend on Sunday, June 23rd, investing.com reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a dividend yield of 9.79%. The ex-dividend date is Friday, June 28th.

Kayne Anderson BDC Trading Down 0.9 %

Shares of KBDC traded down $0.14 during trading hours on Thursday, hitting $16.30. The stock had a trading volume of 9,562 shares, compared to its average volume of 92,686. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.81. Kayne Anderson BDC has a 52 week low of $15.75 and a 52 week high of $16.62.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KBDC. UBS Group upgraded Kayne Anderson BDC to a “hold” rating and set a $17.00 price target on the stock in a research report on Monday, June 17th. Bank of America began coverage on Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 target price on the stock. Keefe, Bruyette & Woods upgraded shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 price target for the company in a report on Monday, June 17th. Wells Fargo & Company upgraded Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 target price for the company in a report on Monday, June 17th. Finally, Royal Bank of Canada raised Kayne Anderson BDC to a “moderate buy” rating and set a $17.00 price objective for the company in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

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.