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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Tuesday, August 13th, 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 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date is Monday, September 30th.

Kayne Anderson BDC Stock Up 0.5 %

KBDC stock opened at $16.23 on Friday. Kayne Anderson BDC has a twelve month low of $15.69 and a twelve month high of $16.62. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average is $16.13.

Kayne Anderson BDC (NYSE:KBDC) last posted its 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 net margin of 52.29% and a return on equity of 11.79%. The business had revenue of $52.45 million for the quarter. As a group, equities analysts predict that Kayne Anderson BDC will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mariel A. Joliet bought 13,000 shares of the stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $16.14 per share, with a total value of $209,820.00. Following the purchase, the director now owns 13,000 shares in the company, valued at approximately $209,820. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KBDC. Keefe, Bruyette & Woods upgraded Kayne Anderson BDC to a “hold” rating and set a $17.00 price target for the company in a research report on Monday, June 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Kayne Anderson BDC in a research note on Thursday, August 15th. Wells Fargo & Company upgraded shares of Kayne Anderson BDC to a “strong-buy” rating and set a $17.00 target price for the company in a research report on Monday, June 17th. Bank of America began coverage on Kayne Anderson BDC in a research report on Monday, June 17th. They set a “buy” rating and a $17.50 price target on the stock. Finally, UBS Group upgraded Kayne Anderson BDC to a “hold” rating and set a $17.00 price objective for the company in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.