Kayne Anderson BDC, Inc. (NYSE:KBDC) Shareholders Set to Receive $0.40 Quarterly Dividend

Kayne Anderson BDC, Inc. (NYSE:KBDC) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.40 per share on Tuesday, January 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Thursday, December 31st.

Kayne Anderson BDC Stock Down 0.4%

KBDC traded down $0.06 on Friday, reaching $12.68. The company’s stock had a trading volume of 39,182 shares, compared to its average volume of 345,253. The stock has a market cap of $837.63 million, a price-to-earnings ratio of 11.64 and a beta of 0.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day moving average is $12.90 and its 200 day moving average is $13.76. Kayne Anderson BDC has a 1 year low of $12.14 and a 1 year high of $15.87.

Kayne Anderson BDC (NYSE:KBDC) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $58.96 million during the quarter, compared to analyst estimates of $57.35 million. Kayne Anderson BDC had a net margin of 31.54% and a return on equity of 10.63%. As a group, research analysts forecast that Kayne Anderson BDC will post 1.61 EPS for the current fiscal year.

About Kayne Anderson BDC

Kayne Anderson BDC, Inc is a business development company that invests in privately held, middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

Its investment activities primarily consist of loans and other debt investments, including senior secured, unitranche and subordinated debt. Kayne Anderson BDC may also make equity and equity-related investments in portfolio companies.