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

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a dividend on Tuesday, November 12th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.10 per share on Friday, December 20th. The ex-dividend date of this dividend is Thursday, December 5th.

Kayne Anderson BDC Trading Up 0.9 %

Shares of Kayne Anderson BDC stock traded up $0.15 during trading hours on Tuesday, reaching $16.65. 40,075 shares of the company’s stock were exchanged, compared to its average volume of 44,073. Kayne Anderson BDC has a 52-week low of $15.69 and a 52-week high of $16.73. The company’s fifty day moving average is $16.16. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52.

Kayne Anderson BDC (NYSE:KBDC) last issued its earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $52.45 million for the quarter. Kayne Anderson BDC had a return on equity of 11.79% and a net margin of 52.29%. Analysts anticipate that Kayne Anderson BDC will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

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.