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

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.40 per share on Tuesday, October 15th. This represents a $1.60 annualized dividend and a yield of 10.00%. The ex-dividend date is Monday, September 30th.

Kayne Anderson BDC Stock Up 0.1 %

Shares of NYSE KBDC traded up $0.01 during trading hours on Thursday, reaching $16.00. The stock had a trading volume of 31,261 shares, compared to its average volume of 64,903. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $16.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.16 and a current ratio of 0.16.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 target price on the stock in a research note on Monday, June 17th. UBS Group raised shares of Kayne Anderson BDC to a “hold” rating and set a $17.00 target price on the stock in a report on Monday, June 17th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Kayne Anderson BDC in a report on Thursday. Wells Fargo & Company upgraded shares of Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Monday, June 17th. Finally, Bank of America began coverage on shares of Kayne Anderson BDC in a report on Monday, June 17th. They set a “buy” rating and a $17.50 price objective for the company. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

Insider Buying and Selling

In related news, Director Mariel A. Joliet purchased 13,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $16.14 per share, with a total value of $209,820.00. Following the completion of the purchase, the director now directly owns 13,000 shares of the company’s stock, valued at $209,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.