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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.40 per share on Tuesday, April 15th. This represents a $1.60 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend is Monday, March 31st.

Kayne Anderson BDC Trading Down 3.5 %

Shares of NYSE KBDC traded down $0.60 on Tuesday, reaching $16.42. 405,106 shares of the company traded hands, compared to its average volume of 71,608. Kayne Anderson BDC has a fifty-two week low of $15.69 and a fifty-two week high of $17.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $17.01 and a 200 day moving average of $16.57.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The company had revenue of $56.34 million for the quarter, compared to analyst estimates of $53.01 million. Kayne Anderson BDC had a return on equity of 12.65% and a net margin of 59.80%. On average, sell-side analysts expect that Kayne Anderson BDC will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, with a total value of $41,350.00. Following the acquisition, the director now owns 8,087 shares in the company, valued at approximately $133,758.98. This trade represents a 44.75 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kayne Anderson BDC has an average rating of “Moderate Buy” and an average price target of $17.30.

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.