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

Kayne Anderson BDC, Inc. (NYSE:KBDC) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Tuesday, December 31st. This is a boost from Kayne Anderson BDC’s previous quarterly dividend of $0.10.

Kayne Anderson BDC Stock Up 0.2 %

Shares of NYSE KBDC opened at $16.59 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.53. Kayne Anderson BDC has a one year low of $15.69 and a one year high of $16.80. The company’s fifty day moving average price is $16.20.

Kayne Anderson BDC (NYSE:KBDC) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.51 EPS for the quarter, beating 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 net margin of 59.80% and a return on equity of 13.69%. As a group, equities analysts anticipate that Kayne Anderson BDC will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Kayne Anderson BDC in a research note 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 stock. According to data from MarketBeat, Kayne Anderson BDC presently 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.