Kayne Anderson BDC, Inc. (NYSE:KBDC) Increases Dividend to $0.40 Per Share

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.40 per share on Wednesday, January 15th. This represents a $1.60 annualized dividend and a dividend yield of 9.65%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Kayne Anderson BDC Price Performance

Shares of KBDC traded up $0.03 on Friday, hitting $16.58. The company’s stock had a trading volume of 41,219 shares, compared to its average volume of 44,072. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. The business has a fifty day moving average of $16.19. Kayne Anderson BDC has a fifty-two week low of $15.69 and a fifty-two week high of $16.80.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Kayne Anderson BDC had a return on equity of 13.69% and a net margin of 59.80%. The firm had revenue of $52.45 million during the quarter. Sell-side analysts predict that Kayne Anderson BDC will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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